CS Disco (NYSE:LAW) Director Robert Goodman Acquires 1,026,700 Shares

CS Disco, Inc. (NYSE:LAW) Director Robert Goodman bought 1,026,700 shares of the stock in a transaction dated Friday, February 27th. The stock was bought at an average price of $3.19 per share, with a total value of $3,275,173.00. Following the purchase, the director owned 1,038,475 shares of the company’s stock, valued at approximately $3,312,735.25. This represents a 8,719.32% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

CS Disco Trading Up 12.2%

NYSE:LAW traded up $0.43 on Tuesday, reaching $3.95. The stock had a trading volume of 1,148,298 shares, compared to its average volume of 439,934. CS Disco, Inc. has a 12-month low of $2.45 and a 12-month high of $9.11. The company has a 50-day moving average of $5.72 and a 200 day moving average of $6.24. The stock has a market cap of $250.15 million, a P/E ratio of -5.49 and a beta of 2.08.

Institutional Trading of CS Disco

A number of large investors have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV acquired a new position in shares of CS Disco in the 4th quarter worth $99,000. XTX Topco Ltd increased its stake in shares of CS Disco by 274.1% in the fourth quarter. XTX Topco Ltd now owns 42,616 shares of the company’s stock worth $331,000 after acquiring an additional 31,223 shares during the last quarter. Zacks Investment Management raised its stake in shares of CS Disco by 35.7% during the 4th quarter. Zacks Investment Management now owns 84,286 shares of the company’s stock worth $654,000 after purchasing an additional 22,192 shares in the last quarter. Polymer Capital Management US LLC acquired a new position in shares of CS Disco during the 4th quarter worth $187,000. Finally, Occudo Quantitative Strategies LP lifted its position in shares of CS Disco by 29.7% in the fourth quarter. Occudo Quantitative Strategies LP now owns 23,029 shares of the company’s stock worth $179,000 after buying an additional 5,271 shares during the last quarter. 58.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LAW. Canaccord Genuity Group cut their target price on CS Disco from $9.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Wall Street Zen lowered shares of CS Disco from a “buy” rating to a “hold” rating in a research note on Saturday. Needham & Company LLC restated a “buy” rating and issued a $10.00 price target on shares of CS Disco in a research note on Thursday, February 26th. Jefferies Financial Group lifted their price target on CS Disco from $6.00 to $8.00 and gave the company a “hold” rating in a report on Monday, January 5th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of CS Disco in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, CS Disco currently has a consensus rating of “Hold” and an average price target 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.