CS Disco, Inc. (NYSE:LAW – Get Free Report) EVP Karen Herckis sold 8,487 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $4.18, for a total transaction of $35,475.66. Following the completion of the sale, the executive vice president directly owned 181,824 shares of the company’s stock, valued at $760,024.32. This trade represents a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
CS Disco Stock Performance
Shares of LAW opened at $4.32 on Friday. The company’s 50 day moving average price is $3.94 and its 200 day moving average price is $3.95. CS Disco, Inc. has a 52 week low of $2.45 and a 52 week high of $9.11. The company has a market capitalization of $280.45 million, a PE ratio of -6.86 and a beta of 1.90.
CS Disco (NYSE:LAW – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.06) earnings per share for the quarter, meeting the consensus estimate of ($0.06). The firm had revenue of $43.15 million for the quarter, compared to analyst estimates of $43.10 million. CS Disco had a negative net margin of 24.20% and a negative return on equity of 26.58%.
Trending Headlines about CS Disco
- Positive Sentiment: DISCO enhanced its AI-powered Auto Review solution, enabling legal teams to iterate prompts more quickly and refine review instructions without specialized prompt-engineering expertise. The feature could improve customer adoption, workflow efficiency and the value proposition of DISCO’s legal technology platform. New DISCO Auto Review Capability Puts Legal Teams in Control of AI-Powered Review
- Neutral Sentiment: Recent institutional buying provides some support. Topline Capital Management increased its position substantially, while BlackRock, Lakewood Capital Management and Formula Growth established new positions. However, this information comes from recent filings rather than a new operating announcement, and institutional ownership does not guarantee near-term performance.
- Negative Sentiment: Four CS Disco executives sold shares totaling approximately $130,700 at an average price of $4.18, including sales by Susan Garcia, Richard Francis Crum, Melanie Antoon and Karen Herckis. Each filing stated that the shares were sold to cover tax withholding obligations tied to equity-award vesting, so the sales appear less concerning than discretionary insider selling. Nevertheless, the cluster of transactions can create short-term selling pressure and may temper investor confidence. CS Disco Insider Sells Stock
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on LAW. Wall Street Zen cut CS Disco from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings raised CS Disco from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 2nd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.00.
Read Our Latest Stock Report on CS Disco
Institutional Trading of CS Disco
Several large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased its stake in shares of CS Disco by 87.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,968 shares of the company’s stock worth $44,000 after purchasing an additional 4,639 shares during the last quarter. Abel Hall LLC acquired a new stake in shares of CS Disco in the 1st quarter valued at $57,000. Algert Global LLC acquired a new stake in shares of CS Disco in the 3rd quarter valued at $70,000. Deutsche Bank AG bought a new stake in CS Disco in the second quarter worth $75,000. Finally, Occudo Quantitative Strategies LP bought a new stake in CS Disco in the second quarter worth $75,000. 58.05% of the stock is owned by institutional investors.
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.
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