Send me real-time posts from this site at my email

The CFO of CS Disco, Inc. (NYSE:LAW) sells $16,499.35 in stock.

Originally published on Best Stocks

Category: best stocks to buy now

Michael Lafair, Chief Financial Officer at CS Disco, Inc. (NYSE: LAW), sold 1,645 shares on Monday, October 3. The total cost of purchasing all of the shares was $16,499.35, and the price that buyers were willing to pay for each share, on average, was $10.03. Following the successful conclusion of the transaction, the chief financial officer now directly owns 391,356 shares of the company. There is a value of $3,925,300.68 attached to these shares. If you click on this link, you will be taken to a legal file filed with the SEC, which will provide you with additional details about the transaction.

Deposit $100 and get a $110 to trade stocks
>>>>>>>>>>Open Account

In addition, Michael Lafair completed the business deal(s) listed below not too long ago:
NYSE: LAW finished the day’s trading session $0.11 higher at $10.76 per share, which was a gain from earlier in the session. The total number of shares of the company’s stock that changed hands was 260,572, which is significantly lower than the average volume of trading, which is 499,593 shares. The company’s market capitalization is $631.54 million, while its price-to-earnings ratio is -11.83, and its beta value is 2.54, respectively. CS Disco, Inc. reached a 52-week low of $9.27 and a 52-week high of $58.52 during the company’s history. The price of the stock has reached $16.09, which is equal to its fifty-day simple moving average, and $22.47, which is equal to its two-hundred-day simple moving average.

On August 11, the most recent financial results for CS Disco, which is traded on the NYSE under the LAW, were made public. The quarterly earnings per share for the company came in at $0.33, which was in line with the estimate that market experts had come to agree upon, which was also $0.33. According to the analysts’ projections, the company’s revenue for the current quarter could be anywhere from $33.40 million to $33.71 million. The negative net margin of 38.19% and the return on equity of 18.36% indicate that CS Disco was running at a loss when it was being evaluated. The most recent quarterly report reveals that there has been an increase in revenue of 14.1% year-over-year. The previous year, the company incurred a loss equivalent to $0.23 per share during the same period. As a result, sell-side analysts forecast that CS Disco, Inc. will report a $1.27 per share loss for the current fiscal year. This prediction was made about the company’s expected financial performance.

In the most recent few months, several well-known shareholders have revised the percentages of ownership in the company they currently hold. During the first three months of this year, Dragoneer Investment Group LLC saw a 66.5% increase in the percentage of CS Disco shares it owned. Dragoneer Investment Group LLC now has a total of 5,704,854 shares of the company’s stock, valued at a combined total of $193,794,000 after purchasing an additional 2,278,319 shares during the period. These shares have a combined total value of $193,794,000. In addition, BlackRock Inc. increased the amount of CS Disco stock it owned by 17.2% during the first quarter of the fiscal year. BlackRock Inc. now has a total of 2,266,047 shares, valued at $76,978 after purchasing an additional 332,076 shares during the preceding quarter. Finally, Wasatch Advisors Inc. increased the amount of CS Disco stock it owned by 6.7% over the first three months. After making additional purchases totaling 134,967 during the most recent fiscal quarter, Wasatch Advisors Inc. now has 2,160,590 shares of the company’s stock in its possession. The value of the company’s stock on the market as of right now is $73,395,000. In the first three months of 2018, Vanguard Group Inc. brought the total amount of CS Disco stock it owned to a level that was 20.9% higher than before. After purchasing an additional 258,911 shares during the most recent quarter, Vanguard Group Inc. is now the owner of a total of 1,496,001 shares of the company. The total value of the company’s stock held by Vanguard Group Inc. is now $50,819,000.
Last but not least, during the second quarter, Franklin Resources Inc. increased its share of CS Disco stock by 25.4%. This certainly should not be considered the least important development. After purchasing an additional 296,722 shares during the most recent quarter, Franklin Resources Inc. now owns 1,463,441 shares, which is $26,400,000. This brings the total number of shares directly owned by the company to 1,463,441. In addition, institutions currently own 61.27% of the company’s equity, which is more than half of the total.

Several research companies have recently presented their findings and opinions regarding the LAW. In a research note published on Friday, August 12, Piper Sandler decreased their price objective on shares of CS Disco from $28.00 to $25.00 in a research note. However, they did not change their rating on the stock from “overweight” to any other position. The publication of a research note on Thursday, September 22, marked the beginning of Moffett Nathanson’s monitoring of (also referred to as “covering”) CS Disco shares. In a research note published on Friday, August 12, Cowen decreased their target price for shares of CS Disco from $35.00 to $20.00 and downgraded the stock from an “outperform” rating to a “market perform” rating in a research note. In addition, they assigned an “outperform” rating to the stock and set a target price of $20.00 for it. In a research note published on Friday, August 12, Jefferies Financial Group lowered their price target for shares of CS Disco from $35.00 to $25.00 in a research note. The new price target is set to take effect immediately. In addition, on the same day, they moved the stock rating from “buy” to “hold,” indicating a decrease in the investment’s enthusiasm. In a research report released on August 12, Canaccord Genuity Group shifted their recommendation on shares of CS Disco from “buy” to “hold.” The report was published on Friday. The final and most significant adjustment was made here. Five research analysts have given a buy recommendation for the stock, while seven have given a hold recommendation. According to Bloomberg, the current recommendation for the company is “Hold,” and the average price objective has been set at 28.54 dollars. In addition, the price target has been set at these levels.

The legal technology startup CS Disco, Inc. provides cloud-native and AI-powered legal solutions to businesses, law offices, legal service providers, and governments for ediscovery, legal document review, and case management. eDiscovery, the review of legal documents and case management are the three areas addressed by these solutions. The company makes money by selling a piece of software called DISCO Ediscovery. This software makes ediscovery easier and frees legal departments from the hard work of manually gathering, processing, enriching, searching, evaluating, and analyzing enterprise data so that it can be used in court.

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue