Robert Goodman Purchases 1,026,700 Shares of CS Disco (NYSE:LAW) Stock

CS Disco, Inc. (NYSE:LAW) Director Robert Goodman bought 1,026,700 shares of CS Disco stock in a transaction on Friday, February 27th. The shares were bought at an average price of $3.19 per share, for a total transaction of $3,275,173.00. Following the acquisition, the director owned 1,038,475 shares of the company’s stock, valued at approximately $3,312,735.25. The trade was a 8,719.32% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

CS Disco Trading Up 7.1%

NYSE:LAW opened at $4.21 on Thursday. CS Disco, Inc. has a 1 year low of $2.45 and a 1 year high of $9.11. The stock has a 50-day moving average price of $5.56 and a two-hundred day moving average price of $6.22. The stock has a market cap of $266.62 million, a price-to-earnings ratio of -5.85 and a beta of 2.15.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LAW. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price target on shares of CS Disco in a research report on Thursday, February 26th. Canaccord Genuity Group cut 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. Jefferies Financial Group lifted their target price 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 reaffirmed a “sell (d-)” rating on shares of CS Disco in a report on Wednesday, January 21st. Finally, Wall Street Zen cut shares of CS Disco from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $8.00.

Hedge Funds Weigh In On CS Disco

A number of institutional investors and hedge funds have recently bought and sold shares of LAW. CWM LLC raised its stake in shares of CS Disco by 73.5% during 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 last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of CS Disco during the 3rd quarter valued at $62,000. Tower Research Capital LLC TRC boosted its position in shares of CS Disco by 87.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,968 shares of the company’s stock worth $44,000 after purchasing an additional 4,639 shares in the last quarter. Algert Global LLC acquired a new stake in CS Disco in the third quarter valued at approximately $70,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in CS Disco in the 2nd quarter valued at $51,000. 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.