CS Disco (NYSE:LAW) Director James Offerdahl Buys 3,000 Shares

CS Disco, Inc. (NYSE:LAW) Director James Offerdahl bought 3,000 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was acquired at an average cost of $3.99 per share, for a total transaction of $11,970.00. Following the acquisition, the director directly owned 223,652 shares of the company’s stock, valued at $892,371.48. The trade was 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 this link.

CS Disco Stock Down 12.8%

CS Disco stock traded down $0.50 during midday trading on Wednesday, reaching $3.38. The company’s stock had a trading volume of 377,376 shares, compared to its average volume of 264,403. The company has a market cap of $210.90 million, a P/E ratio of -3.34 and a beta of 2.08. The business has a 50-day simple moving average of $7.11 and a 200-day simple moving average of $6.34. CS Disco, Inc. has a fifty-two week low of $3.31 and a fifty-two week high of $9.11.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Needham & Company LLC boosted their target price on CS Disco from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Jefferies Financial Group raised their price objective on shares of CS Disco from $6.00 to $8.00 and gave the stock a “hold” rating in a report on Monday, January 5th. Weiss Ratings restated a “sell (d-)” rating on shares of CS Disco in a research report on Wednesday, January 21st. Finally, Wall Street Zen raised shares of CS Disco from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. One investment 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. According to MarketBeat, CS Disco has an average rating of “Hold” and an average price target of $9.00.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in shares of CS Disco by 73.5% in the third quarter. CWM LLC now owns 4,804 shares of the company’s stock valued at $31,000 after acquiring an additional 2,035 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in shares of CS Disco by 1.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 205,372 shares of the company’s stock valued at $1,327,000 after acquiring an additional 2,045 shares during the period. PDT Partners LLC raised its position in CS Disco by 7.6% in the 2nd quarter. PDT Partners LLC now owns 33,795 shares of the company’s stock valued at $148,000 after purchasing an additional 2,388 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in CS Disco by 19.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 15,472 shares of the company’s stock worth $100,000 after purchasing an additional 2,504 shares during the period. Finally, Jane Street Group LLC grew its position in CS Disco by 5.9% during the 2nd quarter. Jane Street Group LLC now owns 47,260 shares of the company’s stock worth $207,000 after purchasing an additional 2,632 shares during the last quarter. Institutional investors and hedge funds own 58.05% of the company’s stock.

About CS Disco

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.