Krishna Srinivasan Purchases 40,000 Shares of CS Disco (NYSE:LAW) Stock

CS Disco, Inc. (NYSE:LAW) Director Krishna Srinivasan purchased 40,000 shares of the stock in a transaction that occurred on Friday, February 27th. The stock was purchased at an average price of $3.25 per share, for a total transaction of $130,000.00. Following the acquisition, the director owned 45,000 shares in the company, valued at approximately $146,250. This trade represents a 800.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Krishna Srinivasan also recently made the following trade(s):

• On Thursday, February 26th, Krishna Srinivasan acquired 5,000 shares of CS Disco stock. The shares were purchased at an average cost of $2.77 per share, with a total value of $13,850.00.

CS Disco Stock Performance

LAW opened at $3.95 on Wednesday. The company has a market cap of $250.15 million, a price-to-earnings ratio of -5.49 and a beta of 2.15. CS Disco, Inc. has a one year low of $2.45 and a one year high of $9.11. The business’s fifty day moving average is $5.64 and its two-hundred day moving average is $6.23.

Institutional Investors Weigh In On CS Disco

Several hedge funds have recently made changes to their positions in the business. Essex Investment Management Co. LLC purchased a new position in CS Disco during the third quarter worth about $2,868,000. Los Angeles Capital Management LLC purchased a new position in shares of CS Disco during the 2nd quarter worth about $324,000. Norges Bank acquired a new stake in shares of CS Disco in the second quarter worth approximately $2,863,000. Campbell & CO Investment Adviser LLC purchased a new stake in CS Disco in the second quarter valued at approximately $51,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in CS Disco by 20.7% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 200,782 shares of the company’s stock valued at $877,000 after purchasing an additional 34,406 shares during the period. Institutional investors and hedge funds own 58.05% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LAW. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CS Disco in a report on Wednesday, January 21st. Jefferies Financial Group upped their target price on CS Disco from $6.00 to $8.00 and gave the company a “hold” rating in a research note on Monday, January 5th. Needham & Company LLC reissued a “buy” rating and set a $10.00 price target on shares of CS Disco in a research report on Thursday, February 26th. Wall Street Zen downgraded CS Disco from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Canaccord Genuity Group dropped their price objective on CS Disco from $9.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $8.00.

CS Disco Company Profile

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.