CS Disco, Inc. (NYSE:LAW – Get Rating) CFO Michael Lafair sold 1,230 shares of the firm’s stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $18.01, for a total value of $22,152.30. Following the transaction, the chief financial officer now owns 393,043 shares of the company’s stock, valued at approximately $7,078,704.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
NYSE LAW traded up $1.22 during trading on Wednesday, hitting $22.44. The stock had a trading volume of 401,138 shares, compared to its average volume of 406,598. CS Disco, Inc. has a one year low of $16.96 and a one year high of $69.41. The stock has a 50 day simple moving average of $22.95 and a 200 day simple moving average of $29.52. The stock has a market capitalization of $1.31 billion and a price-to-earnings ratio of -27.20.
CS Disco (NYSE:LAW – Get Rating) last issued its quarterly earnings results on Thursday, May 12th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.05. The firm had revenue of $34.50 million during the quarter, compared to analyst estimates of $30.68 million. CS Disco had a negative return on equity of 18.88% and a negative net margin of 26.05%. CS Disco’s quarterly revenue was up 63.3% compared to the same quarter last year. During the same period last year, the company earned ($0.22) EPS. On average, sell-side analysts expect that CS Disco, Inc. will post -1.08 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Deer Management Co. LLC purchased a new position in CS Disco in the 4th quarter worth about $355,905,000. Stephens Group LLC bought a new stake in shares of CS Disco during the fourth quarter valued at approximately $323,194,000. Dragoneer Investment Group LLC boosted its holdings in shares of CS Disco by 277.1% in the fourth quarter. Dragoneer Investment Group LLC now owns 3,426,535 shares of the company’s stock valued at $122,499,000 after purchasing an additional 2,517,885 shares during the period. Bank of New York Mellon Corp grew its stake in CS Disco by 804.8% in the first quarter. Bank of New York Mellon Corp now owns 391,928 shares of the company’s stock worth $13,314,000 after purchasing an additional 348,613 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in CS Disco by 17.2% during the 1st quarter. BlackRock Inc. now owns 2,266,047 shares of the company’s stock worth $76,978,000 after purchasing an additional 332,076 shares during the period. Hedge funds and other institutional investors own 79.42% of the company’s stock.
LAW has been the subject of a number of research reports. Cowen dropped their price target on CS Disco from $45.00 to $35.00 in a research note on Friday, May 13th. Stifel Nicolaus cut their target price on shares of CS Disco from $60.00 to $50.00 and set a “buy” rating for the company in a report on Monday, March 21st. Needham & Company LLC decreased their price target on shares of CS Disco from $50.00 to $35.00 in a research note on Friday, May 13th. Cowen dropped their price objective on shares of CS Disco from $45.00 to $35.00 in a research note on Friday, May 13th. Finally, Canaccord Genuity Group decreased their target price on shares of CS Disco from $45.00 to $35.00 in a research report on Friday, May 13th. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $46.69.
CS Disco Company Profile (Get Rating)
CS Disco, Inc, a legal technology company, provides cloud-native and artificial intelligence-powered legal solutions for ediscovery, legal document review, and case management for enterprises, law firms, legal services providers, and governments. The company offers DISCO Ediscovery, a solution that automates ediscovery process and saves legal departments from manual tasks associated with collecting, processing, enriching, searching, reviewing, analyzing, producing, and using enterprise data that is at issue in legal matters.