CS Disco, Inc. (NYSE:LAW - Get Free Report) CEO Eric Friedrichsen purchased 4,490 shares of the stock in a transaction dated Friday, November 6th. The shares were purchased at an average price of $5.45 per share, with a total value of $24,470.50. Following the transaction, the chief executive officer directly owned 1,441,178 shares of the company's stock, valued at approximately $7,854,420.10. The trade was a 0.31% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.
CS Disco Stock Down 1.5%
LAW stock opened at $5.58 on Tuesday. The stock has a market cap of $361.93 million, a PE ratio of -11.38 and a beta of 1.80. The firm's 50-day simple moving average is $4.55 and its 200 day simple moving average is $4.20. CS Disco, Inc. has a fifty-two week low of $2.45 and a fifty-two week high of $9.11.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of CS Disco in a report on Tuesday, September 29th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $8.00.
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Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Formula Growth Ltd. acquired a new position in CS Disco during the 2nd quarter valued at about $3,024,000. GSA Capital Partners LLP bought a new stake in shares of CS Disco during the 2nd quarter worth about $879,000. Arrowstreet Capital Limited Partnership raised its position in shares of CS Disco by 216.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 476,752 shares of the company's stock worth $1,821,000 after buying an additional 326,115 shares in the last quarter. Lakewood Capital Management LP acquired a new stake in shares of CS Disco in the 2nd quarter worth approximately $4,183,000. Finally, BlackRock Inc. acquired a new stake in shares of CS Disco in the 2nd quarter worth approximately $7,617,000. 58.05% of the stock is owned by institutional investors and hedge funds.
About CS Disco
(
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CS Disco, Inc (NYSE: LAW) is a legal technology company that provides cloud-based software and services for law firms, corporations and government organizations. Its platform is designed to help legal teams manage litigation and investigations, organize large volumes of data and streamline document-intensive legal workflows.
The company's products support electronic discovery, including the collection, processing, hosting, review and analysis of electronically stored information. DISCO's technology uses automation and artificial intelligence to assist with tasks such as document review, information retrieval and case preparation.
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