James Offerdahl Acquires 3,000 Shares of CS Disco (NYSE:LAW) Stock

CS Disco, Inc. (NYSE:LAW) Director James Offerdahl bought 3,000 shares of CS Disco stock in a transaction on Monday, February 9th. The stock was acquired at an average price of $3.99 per share, for a total transaction of $11,970.00. Following the transaction, the director directly owned 223,652 shares of the company’s stock, valued at approximately $892,371.48. This trade represents a 1.36% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

CS Disco Stock Performance

Shares of NYSE LAW traded down $0.50 during mid-day trading on Wednesday, reaching $3.38. 377,376 shares of the company’s stock were exchanged, compared to its average volume of 264,403. The company’s 50-day moving average is $7.11 and its 200-day moving average is $6.34. The firm has a market capitalization of $210.90 million, a price-to-earnings ratio of -3.34 and a beta of 2.08. CS Disco, Inc. has a 52-week low of $3.31 and a 52-week high of $9.11.

Institutional Investors Weigh In On CS Disco

Hedge funds have recently bought and sold shares of the stock. Topline Capital Management LLC grew its position in shares of CS Disco by 66.2% during the second quarter. Topline Capital Management LLC now owns 2,965,268 shares of the company’s stock worth $12,958,000 after buying an additional 1,181,046 shares in the last quarter. Norges Bank purchased a new position in CS Disco in the second quarter worth approximately $2,863,000. Essex Investment Management Co. LLC purchased a new position in CS Disco in the third quarter worth approximately $2,868,000. First Eagle Investment Management LLC grew its holdings in CS Disco by 100.6% during the 4th quarter. First Eagle Investment Management LLC now owns 328,719 shares of the company’s stock worth $2,551,000 after acquiring an additional 164,873 shares in the last quarter. Finally, Legato Capital Management LLC purchased a new stake in shares of CS Disco in the 3rd quarter valued at approximately $834,000. Institutional investors and hedge funds own 58.05% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of CS Disco in a report on Wednesday, January 21st. Wall Street Zen upgraded CS Disco from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Jefferies Financial Group raised their price target on CS Disco from $6.00 to $8.00 and gave the stock a “hold” rating in a research report on Monday, January 5th. Finally, Needham & Company LLC boosted their price objective on CS Disco from $8.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, November 6th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, CS Disco currently has a consensus rating of “Hold” and an average target price of $9.00.

CS Disco Company Profile

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.