Karen Herckis Sells 8,171 Shares of CS Disco (NYSE:LAW) Stock

CS Disco, Inc. (NYSE:LAW) EVP Karen Herckis sold 8,171 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $3.07, for a total value of $25,084.97. Following the completion of the transaction, the executive vice president directly owned 132,259 shares of the company’s stock, valued at approximately $406,035.13. This trade represents a 5.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

CS Disco Stock Down 2.2%

CS Disco stock opened at $3.29 on Friday. The firm has a market cap of $205.28 million, a price-to-earnings ratio of -3.25 and a beta of 2.08. CS Disco, Inc. has a 52 week low of $2.91 and a 52 week high of $9.11. The business’s 50-day moving average price is $6.35 and its 200 day moving average price is $6.27.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On CS Disco

Several institutional investors and hedge funds have recently added to or reduced their stakes in LAW. Cubist Systematic Strategies LLC purchased a new position in shares of CS Disco in the first quarter worth about $216,000. Jane Street Group LLC grew its stake in CS Disco by 51.6% during the 1st quarter. Jane Street Group LLC now owns 44,628 shares of the company’s stock valued at $183,000 after acquiring an additional 15,187 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in CS Disco in the 1st quarter valued at about $195,000. R Squared Ltd lifted its stake in CS Disco by 136.9% in the 2nd quarter. R Squared Ltd now owns 47,456 shares of the company’s stock worth $207,000 after purchasing an additional 27,423 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in CS Disco in the 2nd quarter worth approximately $324,000. Institutional investors and hedge funds 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.