Insider Buying: CS Disco (NYSE:LAW) Director Acquires $13,850.00 in Stock

CS Disco, Inc. (NYSE:LAW) Director Krishna Srinivasan purchased 5,000 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were bought at an average price of $2.77 per share, for a total transaction of $13,850.00. Following the completion of the transaction, the director directly owned 5,000 shares in the company, valued at approximately $13,850. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Krishna Srinivasan also recently made the following trade(s):

• On Friday, February 27th, Krishna Srinivasan acquired 40,000 shares of CS Disco stock. The shares were bought at an average price of $3.25 per share, with a total value of $130,000.00.

CS Disco Price Performance

Shares of LAW opened at $4.21 on Thursday. CS Disco, Inc. has a 12 month low of $2.45 and a 12 month high of $9.11. The stock has a fifty day moving average price of $5.56 and a 200 day moving average price of $6.22. The company has a market cap of $266.62 million, a P/E ratio of -5.85 and a beta of 2.15.

Institutional Investors Weigh In On CS Disco

A number of institutional investors have recently added to or reduced their stakes in the company. CWM LLC increased its position in shares of CS Disco by 73.5% during the 3rd quarter. CWM LLC now owns 4,804 shares of the company’s stock valued at $31,000 after purchasing an additional 2,035 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new position in CS Disco during the third quarter valued at about $62,000. Tower Research Capital LLC TRC grew its holdings in CS Disco by 87.1% during the second 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. Algert Global LLC bought a new stake in CS Disco in the third quarter worth about $70,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in CS Disco in the 2nd quarter valued at about $51,000. 58.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of CS Disco in a research note on Wednesday, January 21st. Jefferies Financial Group boosted their price objective on CS Disco from $6.00 to $8.00 and gave the stock a “hold” rating in a research report on Monday, January 5th. Needham & Company LLC restated a “buy” rating and issued a $10.00 target price on shares of CS Disco in a research report on Thursday, February 26th. 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. Finally, Wall Street Zen lowered CS Disco from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, CS Disco has a consensus rating of “Hold” and an average target price 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.