Krishna Srinivasan Acquires 5,000 Shares of CS Disco (NYSE:LAW) Stock

CS Disco, Inc. (NYSE:LAW) Director Krishna Srinivasan bought 5,000 shares of CS Disco stock in a transaction dated Thursday, February 26th. The shares were bought at an average cost of $2.77 per share, for a total transaction of $13,850.00. Following the completion of the acquisition, the director owned 5,000 shares in the company, valued at $13,850. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, February 27th, Krishna Srinivasan purchased 40,000 shares of CS Disco stock. The stock was bought at an average cost of $3.25 per share, with a total value of $130,000.00.

CS Disco Stock Up 12.2%

LAW opened at $3.95 on Wednesday. The stock has a market capitalization of $250.15 million, a price-to-earnings ratio of -5.49 and a beta of 2.15. CS Disco, Inc. has a twelve month low of $2.45 and a twelve month high of $9.11. The company has a 50-day simple moving average of $5.64 and a 200 day simple moving average of $6.23.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LAW. Topline Capital Management LLC boosted its holdings in shares of CS Disco by 8.1% during the 3rd quarter. Topline Capital Management LLC now owns 3,206,003 shares of the company’s stock valued at $20,711,000 after acquiring an additional 240,735 shares in the last quarter. Vanguard Group Inc. raised its position in CS Disco by 1.7% in the third quarter. Vanguard Group Inc. now owns 1,959,087 shares of the company’s stock valued at $12,656,000 after purchasing an additional 33,672 shares during the last quarter. Formula Growth Ltd. boosted its stake in shares of CS Disco by 3.8% during the second quarter. Formula Growth Ltd. now owns 830,000 shares of the company’s stock valued at $3,627,000 after purchasing an additional 30,000 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of CS Disco by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 757,994 shares of the company’s stock worth $5,882,000 after purchasing an additional 26,608 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of CS Disco during the second quarter worth about $2,863,000. 58.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LAW. Canaccord Genuity Group decreased their price objective on shares of CS Disco from $9.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 target price on shares of CS Disco in a report on Thursday, February 26th. Jefferies Financial Group boosted their price target on CS Disco from $6.00 to $8.00 and gave the stock a “hold” rating in a report on Monday, January 5th. Wall Street Zen downgraded CS Disco from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of CS Disco in a research report on Wednesday, January 21st. 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. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price 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.