CS Disco (NYSE:LAW) Stock Rating Lowered by Wall Street Zen

CS Disco (NYSE:LAW) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Other equities analysts also recently issued reports about the stock. Needham & Company LLC restated a “buy” rating and issued a $10.00 price target on shares of CS Disco in a research note on Thursday. Jefferies Financial Group boosted 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. Canaccord Genuity Group decreased their target price on shares of CS Disco from $9.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of CS Disco in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $8.00.

CS Disco Price Performance

LAW opened at $3.25 on Friday. The business has a fifty day simple moving average of $5.82 and a 200 day simple moving average of $6.23. CS Disco has a 1 year low of $2.45 and a 1 year high of $9.11. The company has a market capitalization of $203.35 million, a PE ratio of -4.52 and a beta of 2.08.

Insider Activity

In other CS Disco news, EVP Karen Herckis sold 8,171 shares of the firm’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 transaction, the executive vice president directly owned 132,259 shares of the company’s stock, valued at $406,035.13. This trade represents a 5.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Melanie Antoon sold 9,289 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $3.07, for a total transaction of $28,517.23. Following the sale, the executive vice president directly owned 203,421 shares of the company’s stock, valued at approximately $624,502.47. This trade represents a 4.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 27,711 shares of company stock worth $85,073. Insiders own 16.10% of the company’s stock.

Institutional Investors Weigh In On CS Disco

A number of large investors have recently modified their holdings of the business. CWM LLC increased its stake in shares of CS Disco by 73.5% in the 3rd quarter. CWM LLC now owns 4,804 shares of the company’s stock valued at $31,000 after purchasing an additional 2,035 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of CS Disco by 1.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 205,372 shares of the company’s stock worth $1,327,000 after buying an additional 2,045 shares during the last quarter. PDT Partners LLC boosted its stake in CS Disco by 7.6% in the second quarter. PDT Partners LLC now owns 33,795 shares of the company’s stock valued at $148,000 after buying an additional 2,388 shares in the last quarter. PNC Financial Services Group Inc. grew its position in CS Disco by 19.3% in the third quarter. PNC Financial Services Group Inc. now owns 15,472 shares of the company’s stock valued at $100,000 after acquiring an additional 2,504 shares during the last quarter. Finally, Jane Street Group LLC grew its position in CS Disco by 5.9% in the second quarter. Jane Street Group LLC now owns 47,260 shares of the company’s stock valued at $207,000 after acquiring an additional 2,632 shares during the last quarter. 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.