CS Disco (NYSE:LAW) Stock: Insider Eric Friedrichsen Buys 4,490 Shares

CS Disco, Inc. (NYSE:LAW) CEO Eric Friedrichsen acquired 4,490 shares of the firm’s stock in a transaction that occurred on Friday, November 6th. The stock was purchased at an average price of $5.45 per share, with a total value of $24,470.50. Following the completion of the acquisition, the chief executive officer directly owned 1,441,178 shares of the company’s stock, valued at $7,854,420.10. This represents a 0.31% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

CS Disco Stock Down 1.5%

NYSE:LAW traded down $0.09 during mid-day trading on Monday, reaching $5.58. The company’s stock had a trading volume of 228,762 shares, compared to its average volume of 241,353. CS Disco, Inc. has a 1 year low of $2.45 and a 1 year high of $9.11. The stock has a fifty day moving average of $4.55 and a 200-day moving average of $4.20. The firm has a market capitalization of $361.93 million, a PE ratio of -11.38 and a beta of 1.80.

Institutional Trading of CS Disco

A number of institutional investors have recently modified their holdings of the company. Bank of America Corp DE grew its position in shares of CS Disco by 11.6% in the 1st quarter. Bank of America Corp DE now owns 26,015 shares of the company’s stock worth $99,000 after buying an additional 2,701 shares during the last quarter. Algert Global LLC lifted its position in CS Disco by 18.3% during the second quarter. Algert Global LLC now owns 28,120 shares of the company’s stock valued at $106,000 after acquiring an additional 4,350 shares during the last quarter. Quantinno Capital Management LP lifted its position in CS Disco by 18.4% during the first quarter. Quantinno Capital Management LP now owns 59,806 shares of the company’s stock valued at $228,000 after acquiring an additional 9,299 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in CS Disco by 151.6% in the first quarter. Public Employees Retirement System of Ohio now owns 22,735 shares of the company’s stock valued at $87,000 after acquiring an additional 13,700 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in CS Disco by 8.7% in the first quarter. Sei Investments Co. now owns 185,435 shares of the company’s stock valued at $708,000 after acquiring an additional 14,869 shares in the last quarter. 58.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CS Disco in a research report on Tuesday, September 29th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, CS Disco has an average rating of “Hold” and a consensus target price of $8.00.

CS Disco Company Profile

CS Disco, Inc (NYSE: LAW) is a legal technology company that provides cloud-based software and services for law firms, corporations and government organizations. Its platform is designed to help legal teams manage litigation and investigations, organize large volumes of data and streamline document-intensive legal workflows.

The company’s products support electronic discovery, including the collection, processing, hosting, review and analysis of electronically stored information. DISCO’s technology uses automation and artificial intelligence to assist with tasks such as document review, information retrieval and case preparation.