CS Disco (NYSE:LAW) CEO Acquires $31,950.00 in Stock

CS Disco, Inc. (NYSE:LAW) CEO Eric Friedrichsen acquired 7,500 shares of the stock in a transaction on Monday, August 10th. The shares were acquired at an average price of $4.26 per share, for a total transaction of $31,950.00. Following the acquisition, the chief executive officer owned 1,481,180 shares of the company’s stock, valued at approximately $6,309,826.80. The trade was a 0.51% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

CS Disco Stock Performance

Shares of CS Disco stock traded up $0.05 during trading hours on Tuesday, reaching $4.22. The company’s stock had a trading volume of 246,661 shares, compared to its average volume of 348,923. The company has a market capitalization of $274.09 million, a P/E ratio of -6.70 and a beta of 1.90. The stock’s fifty day simple moving average is $3.84 and its two-hundred day simple moving average is $4.07. CS Disco, Inc. has a one year low of $2.45 and a one year high of $9.11.

CS Disco (NYSE:LAW) last posted its earnings results on Wednesday, August 5th. The company reported ($0.06) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.06). CS Disco had a negative net margin of 24.20% and a negative return on equity of 26.58%. The company had revenue of $43.15 million for the quarter, compared to analyst estimates of $43.10 million.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of CS Disco from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded shares of CS Disco from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 2nd. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, CS Disco has a consensus rating of “Hold” and a consensus price target of $8.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LAW. Tower Research Capital LLC TRC grew its stake in shares of CS Disco by 87.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,968 shares of the company’s stock worth $44,000 after acquiring an additional 4,639 shares during the period. Abel Hall LLC bought a new stake in CS Disco in the 1st quarter valued at about $57,000. Algert Global LLC purchased a new stake in CS Disco during the third quarter valued at about $70,000. Deutsche Bank AG bought a new position in CS Disco during the second quarter worth about $75,000. Finally, Occudo Quantitative Strategies LP bought a new position in CS Disco during the second quarter worth about $75,000. Hedge funds and other institutional investors own 58.05% of the company’s stock.

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.