CS Disco, Inc. (NYSE:LAW - Get Free Report) Director James Offerdahl bought 3,000 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was acquired at an average price of $3.99 per share, for a total transaction of $11,970.00. Following the completion of the transaction, the director owned 223,652 shares in the company, valued at $892,371.48. This trade represents a 1.36% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
CS Disco Stock Performance
Shares of LAW stock opened at $3.38 on Thursday. CS Disco, Inc. has a 1 year low of $3.31 and a 1 year high of $9.11. The firm has a market capitalization of $210.91 million, a PE ratio of -3.34 and a beta of 2.08. The stock has a fifty day moving average of $7.04 and a two-hundred day moving average of $6.32.
Analysts Set New Price Targets
LAW has been the topic of several research analyst reports. Weiss Ratings reissued a "sell (d-)" rating on shares of CS Disco in a research note on Wednesday, January 21st. Jefferies Financial Group increased their price objective on shares of CS Disco from $6.00 to $8.00 and gave the company a "hold" rating in a report on Monday, January 5th. Wall Street Zen raised CS Disco from a "hold" rating to a "buy" rating in a report on Saturday, November 8th. Finally, Needham & Company LLC upped their target price on CS Disco from $8.00 to $10.00 and gave the stock a "buy" rating in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $9.00.
Check Out Our Latest Research Report on LAW
Hedge Funds Weigh In On CS Disco
A number of hedge funds and other institutional investors have recently modified their holdings of LAW. Essex Investment Management Co. LLC purchased a new position in CS Disco during the 3rd quarter worth approximately $2,868,000. Los Angeles Capital Management LLC acquired a new stake in shares of CS Disco in the second quarter worth $324,000. Norges Bank purchased a new position in shares of CS Disco during the second quarter valued at $2,863,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of CS Disco during the second quarter valued at $51,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in CS Disco by 20.7% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 200,782 shares of the company's stock valued at $877,000 after buying an additional 34,406 shares during the period. Institutional investors and hedge funds own 58.05% of the company's stock.
CS Disco Company Profile
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Get Free Report)
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.
Further Reading
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