Key Points
- CEO Eric Friedrichsen bought 7,500 CS Disco shares at an average price of $4.26, investing $31,950 and increasing his stake by 0.51% to 1.48 million shares.
- CS Disco recently reported quarterly revenue of $43.15 million and an adjusted EPS loss of $0.06, matching analyst expectations, while shares opened at $4.22 and remain well below their 52-week high of $9.11.
- Institutional investors own 58.05% of the company, and analysts maintain a consensus “Hold” rating with an $8.00 price target, despite mixed recent rating changes.
CS Disco, Inc. (NYSE:LAW - Get Free Report) CEO Eric Friedrichsen acquired 7,500 shares of the company's stock in a transaction that occurred on Monday, August 10th. The stock was purchased at an average price of $4.26 per share, for a total transaction of $31,950.00. Following the purchase, the chief executive officer owned 1,481,180 shares of the company's stock, valued at $6,309,826.80. The trade was a 0.51% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
CS Disco Trading Up 1.2%
Shares of NYSE LAW opened at $4.22 on Wednesday. The stock has a fifty day simple moving average of $3.84 and a two-hundred day simple moving average of $4.05. CS Disco, Inc. has a 1-year low of $2.45 and a 1-year high of $9.11. The firm has a market cap of $274.09 million, a price-to-earnings ratio of -6.70 and a beta of 1.90.
CS Disco (NYSE:LAW - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.06). CS Disco had a negative return on equity of 26.58% and a negative net margin of 24.20%.The firm had revenue of $43.15 million for the quarter, compared to analyst estimates of $43.10 million.
Institutional Investors Weigh In On CS Disco
Several institutional investors have recently made changes to their positions in LAW. Tower Research Capital LLC TRC grew its position in shares of 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. Algert Global LLC bought a new position in CS Disco in the 3rd quarter worth about $70,000. Mercer Global Advisors Inc. ADV bought a new position in CS Disco in the 4th quarter worth about $99,000. CIBC Asset Management Inc purchased a new position in CS Disco during the 4th quarter valued at about $102,000. Finally, BNP Paribas Financial Markets grew its holdings in CS Disco by 242.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 13,450 shares of the company's stock valued at $87,000 after buying an additional 9,523 shares in the last quarter. Hedge funds and other institutional investors own 58.05% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on LAW shares. Weiss Ratings raised shares of CS Disco from a "sell (e+)" rating to a "sell (d-)" rating in a report on Thursday, July 2nd. Wall Street Zen downgraded shares of CS Disco from a "buy" rating to a "hold" rating in a research note on Saturday, May 9th. Two equities research 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, the company has a consensus rating of "Hold" and a consensus target price of $8.00.
View Our Latest Stock Report on LAW
About CS Disco
(
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.
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