CS Disco (NYSE:LAW) Stock: Insider Eric Friedrichsen Purchases 4,490 Shares

CS Disco, Inc. (NYSE:LAW) CEO Eric Friedrichsen bought 4,490 shares of the company’s stock in a transaction that occurred on Friday, November 6th. The stock was bought at an average cost of $5.45 per share, for a total transaction of $24,470.50. Following the completion of the transaction, the chief executive officer directly owned 1,441,178 shares in the company, valued at approximately $7,854,420.10. The trade was a 0.31% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

CS Disco Price Performance

Shares of LAW opened at $5.71 on Wednesday. CS Disco, Inc. has a 1-year low of $2.45 and a 1-year high of $9.11. The stock has a market cap of $375.09 million, a PE ratio of -11.65 and a beta of 1.80. The firm has a fifty day moving average price of $4.57 and a 200 day moving average price of $4.20.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CS Disco in a research report on Tuesday, September 29th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $8.00.

Hedge Funds Weigh In On CS Disco

A number of large investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of CS Disco in the second quarter valued at about $7,617,000. Lakewood Capital Management LP acquired a new position in shares of CS Disco during the second quarter worth about $4,183,000. Formula Growth Ltd. acquired a new position in shares of CS Disco during the second quarter worth about $3,024,000. Dimensional Fund Advisors LP raised its holdings in CS Disco by 3.2% during the first quarter. Dimensional Fund Advisors LP now owns 782,025 shares of the company’s stock worth $2,987,000 after purchasing an additional 24,031 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in CS Disco by 216.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 476,752 shares of the company’s stock worth $1,821,000 after purchasing an additional 326,115 shares in the last quarter. Hedge funds and other institutional investors own 58.05% of the company’s stock.

CS Disco Company Profile

CS Disco, Inc. (NYSE: LAW) is a legal technology company that provides cloud-based software and services for law firms, corporations and government organizations. Its platform is designed to help legal teams manage litigation and investigations, organize large volumes of data and streamline document-intensive legal workflows. The company’s products support electronic discovery, including the collection, processing, hosting, review and analysis of electronically stored information. DISCO’s technology uses automation and artificial intelligence to assist with tasks such as document review, information retrieval and case preparation.