Richard Francis Crum Sells 6,508 Shares of CS Disco (NYSE:LAW) Stock

CS Disco, Inc. (NYSE:LAW) EVP Richard Francis Crum sold 6,508 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $3.07, for a total transaction of $19,979.56. Following the completion of the sale, the executive vice president directly owned 224,412 shares in the company, valued at $688,944.84. This represents a 2.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

CS Disco Price Performance

LAW stock traded up $0.28 during midday trading on Thursday, reaching $3.37. The company had a trading volume of 563,747 shares, compared to its average volume of 328,668. The firm has a 50-day moving average price of $6.57 and a 200-day moving average price of $6.30. The company has a market capitalization of $210.59 million, a P/E ratio of -3.34 and a beta of 2.08. CS Disco, Inc. has a 1 year low of $2.91 and a 1 year high of $9.11.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LAW. Wall Street Zen raised CS Disco from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Needham & Company LLC increased their price objective on CS Disco from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Weiss Ratings restated a “sell (d-)” rating on shares of CS Disco in a research report on Wednesday, January 21st. Finally, Jefferies Financial Group upped their target price on CS Disco from $6.00 to $8.00 and gave the stock a “hold” rating in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $9.00.

Hedge Funds Weigh In On CS Disco

Hedge funds and other institutional investors have recently modified their holdings of the stock. Essex Investment Management Co. LLC bought a new stake in CS Disco during the 3rd quarter valued at about $2,868,000. Los Angeles Capital Management LLC purchased a new stake in shares of CS Disco during the second quarter valued at approximately $324,000. Norges Bank bought a new stake in shares of CS Disco during the second quarter valued at approximately $2,863,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of CS Disco during the second quarter valued at approximately $51,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in CS Disco by 20.7% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 200,782 shares of the company’s stock worth $877,000 after acquiring an additional 34,406 shares during the last quarter. Hedge funds and other institutional investors own 58.05% of the company’s stock.

About CS Disco

CS Disco, Inc is a provider of cloud-native, artificial intelligence-driven legal applications designed to streamline e-discovery, document review and compliance processes for law firms and corporate legal departments. The Austin, Texas–based company offers a unified platform that automates labor-intensive tasks using machine learning and predictive analytics, enabling legal professionals to process, search and review large volumes of data with greater speed and accuracy.

At the core of CS Disco’s product suite is its flagship e-discovery application, which supports early case assessment, data processing, review analytics and production workflows.