Key Points
- Director Krishna Srinivasan purchased 40,000 shares of CS Disco on Feb. 27 at an average price of $3.25 (a $130,000 transaction) and had bought an additional 5,000 shares on Feb. 26, bringing his total to 45,000 shares — an 800% increase in his ownership.
- CS Disco shares rose about 7.7% and were trading near $3.50, well below their 50‑ and 200‑day moving averages and the 52‑week high; analysts are mixed with an average rating of Hold and an average target price of $8.00.
CS Disco, Inc. (NYSE:LAW - Get Free Report) Director Krishna Srinivasan bought 5,000 shares of the firm's stock in a transaction that occurred on Thursday, February 26th. The stock was bought at an average price of $2.77 per share, for a total transaction of $13,850.00. Following the completion of the acquisition, the director directly owned 5,000 shares in the company, valued at approximately $13,850. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Krishna Srinivasan also recently made the following trade(s):
- On Friday, February 27th, Krishna Srinivasan bought 40,000 shares of CS Disco stock. The shares were bought at an average cost of $3.25 per share, with a total value of $130,000.00.
CS Disco Stock Up 7.7%
NYSE:LAW opened at $3.50 on Tuesday. The stock has a fifty day simple moving average of $5.72 and a 200 day simple moving average of $6.24. The firm has a market capitalization of $221.65 million, a price-to-earnings ratio of -4.86 and a beta of 2.08. CS Disco, Inc. has a 1-year low of $2.45 and a 1-year high of $9.11.
Analyst Ratings Changes
A number of research firms have recently issued reports on LAW. Jefferies Financial Group boosted their price target 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. Canaccord Genuity Group cut their target price on shares of 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 cut CS Disco from a "buy" rating to a "hold" rating in a research report on Saturday. Needham & Company LLC reiterated a "buy" rating and set a $10.00 price target on shares of CS Disco in a report on Thursday. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of CS Disco in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, CS Disco currently has an average rating of "Hold" and an average target price of $8.00.
Check Out Our Latest Report on LAW
Hedge Funds Weigh In On CS Disco
A number of hedge funds have recently modified their holdings of the stock. CWM LLC raised its holdings in shares of CS Disco by 73.5% during the third quarter. CWM LLC now owns 4,804 shares of the company's stock worth $31,000 after acquiring an additional 2,035 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in CS Disco by 87.1% in the second quarter. Tower Research Capital LLC TRC now owns 9,968 shares of the company's stock valued at $44,000 after purchasing an additional 4,639 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in CS Disco in the 2nd quarter worth about $51,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of CS Disco during the 3rd quarter worth about $62,000. Finally, Algert Global LLC acquired a new stake in shares of CS Disco during the 3rd quarter valued at about $70,000. 58.05% of the stock is owned by institutional investors and hedge funds.
CS Disco Company Profile
(
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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