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 firm’s stock in a transaction that occurred on Friday, February 27th. The stock was bought 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 of the company’s stock, valued at approximately $4,373,698.80. The trade was a 1.04% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

CS Disco Stock Performance

Shares of LAW stock opened at $4.21 on Thursday. The firm has a market capitalization of $266.62 million, a price-to-earnings ratio of -5.85 and a beta of 2.15. The company has a 50 day moving average price of $5.56 and a 200 day moving average price of $6.22. CS Disco, Inc. has a one year low of $2.45 and a one year high of $9.11.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC acquired a new stake in shares of CS Disco during the 1st quarter worth approximately $216,000. Jane Street Group LLC grew its stake in CS Disco by 51.6% during the 1st quarter. Jane Street Group LLC now owns 44,628 shares of the company’s stock worth $183,000 after buying an additional 15,187 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in CS Disco in the first quarter worth $195,000. Los Angeles Capital Management LLC bought a new stake in CS Disco in the second quarter valued at $324,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in CS Disco by 20.7% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 200,782 shares of the company’s stock valued at $877,000 after buying an additional 34,406 shares during the last quarter. 58.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LAW has been the topic of several recent research reports. Needham & Company LLC reiterated a “buy” rating and set a $10.00 target price on shares of CS Disco in a report on Thursday, February 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CS Disco in a research report on Wednesday, January 21st. Canaccord Genuity Group dropped their price objective on shares of CS Disco from $9.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Jefferies Financial Group upped their target price on shares of CS Disco from $6.00 to $8.00 and gave the company a “hold” rating in a research note on Monday, January 5th. Finally, Wall Street Zen downgraded shares of CS Disco from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.00.

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.