CS Disco, Inc. (NYSE:LAW - Get Free Report) Director Robert Goodman bought 1,026,700 shares of CS Disco stock in a transaction dated Friday, February 27th. The shares were purchased at an average cost of $3.19 per share, for a total transaction of $3,275,173.00. Following the completion of the transaction, the director owned 1,038,475 shares of the company's stock, valued at approximately $3,312,735.25. This represents a 8,719.32% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
CS Disco Trading Up 12.2%
LAW opened at $3.95 on Wednesday. CS Disco, Inc. has a twelve month low of $2.45 and a twelve month high of $9.11. The firm has a market cap of $250.15 million, a price-to-earnings ratio of -5.49 and a beta of 2.15. The company has a fifty day simple moving average of $5.64 and a 200 day simple moving average of $6.23.
Institutional Investors Weigh In On CS Disco
Several institutional investors and hedge funds have recently made changes to their positions in the company. Topline Capital Management LLC lifted its stake in CS Disco by 66.2% during the second quarter. Topline Capital Management LLC now owns 2,965,268 shares of the company's stock worth $12,958,000 after purchasing an additional 1,181,046 shares during the last quarter. Norges Bank acquired a new stake in shares of CS Disco during the second quarter worth $2,863,000. Essex Investment Management Co. LLC bought a new position in shares of CS Disco in the 3rd quarter worth about $2,868,000. Nuveen LLC lifted its position in shares of CS Disco by 187.2% in the 4th quarter. Nuveen LLC now owns 318,672 shares of the company's stock worth $2,473,000 after buying an additional 207,700 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in shares of CS Disco by 100.6% in the 4th quarter. First Eagle Investment Management LLC now owns 328,719 shares of the company's stock valued at $2,551,000 after buying an additional 164,873 shares during the period. 58.05% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research analysts recently commented on LAW shares. Wall Street Zen cut CS Disco from a "buy" rating to a "hold" rating in a research note on Saturday. Jefferies Financial Group lifted their price objective on CS Disco from $6.00 to $8.00 and gave the stock a "hold" rating in a report on Monday, January 5th. Weiss Ratings reiterated a "sell (d-)" rating on shares of CS Disco in a research note on Wednesday, January 21st. Canaccord Genuity Group decreased their price target on shares of CS Disco from $9.00 to $6.00 and set a "buy" rating for the company in a research report on Thursday, February 26th. Finally, Needham & Company LLC restated a "buy" rating and issued a $10.00 price target on shares of CS Disco in a research note on Thursday, February 26th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, CS Disco has a consensus rating of "Hold" and an average target price of $8.00.
View Our Latest Report on LAW
CS Disco Company Profile
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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.
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