CS Disco, Inc. $LAW Shares Bought by Williams & Novak LLC

Williams & Novak LLC grew its holdings in shares of CS Disco, Inc. (NYSE:LAW) by 25.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,025 shares of the company’s stock after purchasing an additional 4,405 shares during the period. Williams & Novak LLC’s holdings in CS Disco were worth $96,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Nuveen LLC acquired a new stake in shares of CS Disco in the 1st quarter worth approximately $200,000. Whetstone Capital Advisors LLC acquired a new stake in shares of CS Disco in the 1st quarter worth approximately $761,000. Strs Ohio acquired a new stake in shares of CS Disco in the 1st quarter worth approximately $216,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of CS Disco by 11.3% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 166,376 shares of the company’s stock worth $680,000 after acquiring an additional 16,845 shares during the period. Finally, Two Sigma Investments LP acquired a new stake in shares of CS Disco in the 4th quarter worth approximately $55,000. Institutional investors and hedge funds own 58.05% of the company’s stock.

Insider Transactions at CS Disco

In other CS Disco news, EVP Michael Lafair sold 14,844 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $4.82, for a total transaction of $71,548.08. Following the transaction, the executive vice president owned 822,723 shares of the company’s stock, valued at $3,965,524.86. This represents a 1.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Thomas F. Bogan purchased 13,680 shares of CS Disco stock in a transaction on Tuesday, October 7th. The shares were acquired at an average cost of $5.95 per share, for a total transaction of $81,396.00. Following the purchase, the director owned 139,258 shares in the company, valued at approximately $828,585.10. This trade represents a 10.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 61,668 shares of company stock worth $362,964 and have sold 37,971 shares worth $183,020. Corporate insiders own 16.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of CS Disco in a report on Wednesday. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $6.75.

CS Disco Stock Performance

LAW stock opened at $6.09 on Friday. CS Disco, Inc. has a 1 year low of $3.31 and a 1 year high of $6.81. The stock’s 50 day moving average price is $5.57 and its 200 day moving average price is $4.54. The firm has a market cap of $376.00 million, a P/E ratio of -6.48 and a beta of 2.12.

CS Disco Company Profile

CS Disco, Inc provides cloud-native and artificial intelligence-powered legal solutions for legal hold, legal request, ediscovery, legal document review, and case management in the United States and internationally. It offers DISCO Request, a solution that automates response compliance for legal requests; and DISCO Ediscovery, a solution that automates the ediscovery process and saves legal departments from manual tasks associated with collecting, processing, enriching, searching, reviewing, analyzing, producing, and using enterprise data that is at issue in legal matters.