CS Disco (NYSE:LAW) CEO Purchases $44,950.00 in Stock

CS Disco, Inc. (NYSE:LAW) CEO Eric Friedrichsen bought 15,500 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The stock was purchased at an average cost of $2.90 per share, for a total transaction of $44,950.00. Following the completion of the transaction, the chief executive officer directly owned 1,508,172 shares in the company, valued at approximately $4,373,698.80. This trade represents a 1.04% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

CS Disco Trading Up 7.7%

NYSE:LAW traded up $0.25 on Monday, hitting $3.50. 618,770 shares of the stock were exchanged, compared to its average volume of 422,064. The stock has a fifty day moving average of $5.82 and a 200-day moving average of $6.25. The stock has a market cap of $221.66 million, a PE ratio of -4.86 and a beta of 2.16. CS Disco, Inc. has a fifty-two week low of $2.45 and a fifty-two week high of $9.11.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Topline Capital Management LLC raised its position in shares of CS Disco by 8.1% during the 3rd quarter. Topline Capital Management LLC now owns 3,206,003 shares of the company’s stock valued at $20,711,000 after acquiring an additional 240,735 shares in the last quarter. Vanguard Group Inc. increased its stake in CS Disco by 1.7% during the third quarter. Vanguard Group Inc. now owns 1,959,087 shares of the company’s stock valued at $12,656,000 after purchasing an additional 33,672 shares during the last quarter. Formula Growth Ltd. raised its holdings in shares of CS Disco by 3.8% during the second quarter. Formula Growth Ltd. now owns 830,000 shares of the company’s stock worth $3,627,000 after purchasing an additional 30,000 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of CS Disco by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 757,994 shares of the company’s stock worth $5,882,000 after buying an additional 26,608 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of CS Disco in the 2nd quarter valued at about $2,863,000. Institutional investors and hedge funds own 58.05% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on LAW shares. Canaccord Genuity Group reduced their target price on shares of CS Disco from $9.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday. Wall Street Zen downgraded CS Disco from a “buy” rating to a “hold” rating in a research report on Saturday. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 target price on shares of CS Disco in a research note on Thursday. Jefferies Financial Group boosted 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, Weiss Ratings restated a “sell (d-)” rating on shares of CS Disco in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $8.00.

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.