CS Disco (NYSE:LAW - Get Free Report)'s stock had its "sell (d-)" rating reissued by equities researchers at
Weiss Ratings in a research report issued on Wednesday,
Weiss Ratings reports.
CS Disco Stock Up 4.7%
Shares of LAW traded up $0.28 during mid-day trading on Wednesday, reaching $6.20. 101,078 shares of the company's stock were exchanged, compared to its average volume of 160,803. The company has a 50-day simple moving average of $5.48 and a two-hundred day simple moving average of $4.52. CS Disco has a 52-week low of $3.31 and a 52-week high of $6.81. The company has a market cap of $382.79 million, a price-to-earnings ratio of -6.60 and a beta of 2.12.
Insider Buying and Selling at CS Disco
In other news, EVP Michael Lafair sold 14,844 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $4.82, for a total transaction of $71,548.08. Following the completion of the transaction, the executive vice president directly owned 822,723 shares of the company's stock, valued at $3,965,524.86. This trade represents a 1.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Karen Herckis sold 5,677 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $4.82, for a total transaction of $27,363.14. Following the sale, the executive vice president owned 146,256 shares in the company, valued at approximately $704,953.92. This trade represents a 3.74% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,971 shares of company stock worth $183,020. 16.10% of the stock is currently owned by insiders.
Institutional Trading of CS Disco
A number of hedge funds have recently bought and sold shares of the company. Two Sigma Investments LP acquired a new position in shares of CS Disco in the 4th quarter valued at $55,000. Matthew Goff Investment Advisor LLC boosted its holdings in shares of CS Disco by 76.6% in the 1st quarter. Matthew Goff Investment Advisor LLC now owns 107,019 shares of the company's stock valued at $438,000 after purchasing an additional 46,413 shares during the last quarter. R Squared Ltd boosted its holdings in shares of CS Disco by 113.2% in the 1st quarter. R Squared Ltd now owns 20,033 shares of the company's stock valued at $82,000 after purchasing an additional 10,637 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of CS Disco by 11.3% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 166,376 shares of the company's stock valued at $680,000 after purchasing an additional 16,845 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of CS Disco in the 1st quarter valued at $200,000. Institutional investors and hedge funds own 58.05% of the company's stock.
About CS Disco
(
Get Free Report)
CS Disco, Inc provides cloud-native and artificial intelligence-powered legal solutions for legal hold, legal request, ediscovery, legal document review, and case management in the United States and internationally. It offers DISCO Request, a solution that automates response compliance for legal requests; and DISCO Ediscovery, a solution that automates the 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.
Further Reading
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