Insider Buying: CS Disco (NYSE:LAW) Director Purchases $11,970.00 in Stock

CS Disco, Inc. (NYSE:LAW) Director James Offerdahl bought 3,000 shares of CS Disco stock in a transaction that occurred on Monday, February 9th. The stock was purchased at an average price of $3.99 per share, with a total value of $11,970.00. Following the purchase, the director directly owned 223,652 shares in the company, valued at $892,371.48. The trade was a 1.36% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

CS Disco Stock Performance

CS Disco stock opened at $3.72 on Friday. The business’s 50-day simple moving average is $6.89 and its two-hundred day simple moving average is $6.30. The company has a market cap of $232.34 million, a PE ratio of -3.68 and a beta of 2.08. CS Disco, Inc. has a fifty-two week low of $3.31 and a fifty-two week high of $9.11.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LAW. Topline Capital Management LLC increased its stake in shares of CS Disco by 8.1% in the 3rd quarter. Topline Capital Management LLC now owns 3,206,003 shares of the company’s stock valued at $20,711,000 after purchasing an additional 240,735 shares in the last quarter. Vanguard Group Inc. grew its holdings in CS Disco by 1.7% in the third quarter. Vanguard Group Inc. now owns 1,959,087 shares of the company’s stock valued at $12,656,000 after purchasing an additional 33,672 shares during the period. Formula Growth Ltd. increased its position in shares of CS Disco by 3.8% in the second quarter. Formula Growth Ltd. now owns 830,000 shares of the company’s stock valued at $3,627,000 after buying an additional 30,000 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of CS Disco by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 757,994 shares of the company’s stock worth $5,882,000 after buying an additional 26,608 shares during the period. Finally, Norges Bank acquired a new position in shares of CS Disco during the 2nd quarter worth approximately $2,863,000. Hedge funds and other institutional investors own 58.05% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on LAW shares. Needham & Company LLC lifted their price objective on shares of CS Disco from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Wall Street Zen raised shares of CS Disco from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CS Disco in a report on Wednesday, January 21st. Finally, Jefferies Financial Group lifted their price objective on CS Disco from $6.00 to $8.00 and gave the company a “hold” rating in a research note on Monday, January 5th. 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. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $9.00.

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.