Kevin Joseph Smith Sells 4,149 Shares of CS Disco, Inc. (NYSE:LAW) Stock

CS Disco, Inc. (NYSE:LAW – Get Rating) EVP Kevin Joseph Smith sold 4,149 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $5.39, for a total value of $22,363.11. Following the completion of the sale, the executive vice president now directly owns 205,796 shares of the company’s stock, valued at $1,109,240.44. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

CS Disco Stock Performance

LAW opened at $7.06 on Monday. The stock’s fifty day moving average is $6.07 and its two-hundred day moving average is $6.97. CS Disco, Inc. has a 52 week low of $5.27 and a 52 week high of $29.99.

CS Disco (NYSE:LAW – Get Rating) last released its quarterly earnings data on Thursday, February 23rd. The company reported ($0.31) EPS for the quarter, topping the consensus estimate of ($0.38) by $0.07. The company had revenue of $32.54 million for the quarter, compared to the consensus estimate of $31.28 million. CS Disco had a negative return on equity of 33.21% and a negative net margin of 59.23%. On average, research analysts anticipate that CS Disco, Inc. will post -1.11 EPS for the current year.

Analysts Set New Price Targets

LAW has been the subject of several analyst reports. Cowen lowered their price objective on CS Disco from $12.00 to $8.00 and set a “market perform” rating for the company in a research note on Friday, February 24th. Stifel Nicolaus lowered their price objective on CS Disco from $10.00 to $8.00 in a research note on Thursday, May 11th. Piper Sandler lowered CS Disco from an “overweight” rating to a “neutral” rating in a research note on Friday, February 24th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price target on shares of CS Disco in a report on Friday, February 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $10.91.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in CS Disco by 36.8% during the 1st quarter. JPMorgan Chase & Co. now owns 112,232 shares of the company’s stock worth $745,000 after purchasing an additional 30,182 shares during the period. Jane Street Group LLC bought a new stake in CS Disco during the 1st quarter valued at $400,000. State Street Corp boosted its position in CS Disco by 5.4% during the 1st quarter. State Street Corp now owns 403,832 shares of the company’s stock valued at $2,681,000 after acquiring an additional 20,639 shares in the last quarter. Solel Partners LP bought a new stake in CS Disco during the 1st quarter valued at $16,494,000. Finally, Geode Capital Management LLC boosted its position in CS Disco by 4.7% during the 1st quarter. Geode Capital Management LLC now owns 375,835 shares of the company’s stock valued at $2,496,000 after acquiring an additional 17,008 shares in the last quarter. 58.18% of the stock is currently owned by hedge funds and other institutional investors.

About CS Disco

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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.