CS Disco, Inc. (NYSE:LAW – Get Free Report) CEO Eric Friedrichsen bought 4,490 shares of the firm’s stock in a transaction that occurred on Friday, November 6th. The shares were purchased at an average price of $5.45 per share, for a total transaction of $24,470.50. Following the transaction, the chief executive officer owned 1,441,178 shares of the company’s stock, valued at $7,854,420.10. The trade was a 0.31% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
CS Disco Stock Performance
CS Disco stock opened at $5.58 on Tuesday. CS Disco, Inc. has a 1 year low of $2.45 and a 1 year high of $9.11. The firm has a 50 day moving average price of $4.55 and a 200 day moving average price of $4.20. The company has a market cap of $361.93 million, a price-to-earnings ratio of -11.38 and a beta of 1.80.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of CS Disco in a research report on Tuesday, September 29th. Two 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. Based on data from MarketBeat, CS Disco has a consensus rating of “Hold” and a consensus target price of $8.00.
Get Our Latest Research Report on LAW
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of LAW. Deutsche Bank AG bought a new position in CS Disco in the second quarter worth about $75,000. Bank of America Corp DE bought a new position in shares of CS Disco during the second quarter valued at approximately $83,000. Public Employees Retirement System of Ohio raised its position in shares of CS Disco by 151.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 22,735 shares of the company’s stock worth $87,000 after purchasing an additional 13,700 shares during the period. Corient Private Wealth LP acquired a new stake in shares of CS Disco during the 2nd quarter worth approximately $95,000. Finally, Algert Global LLC raised its position in shares of CS Disco by 18.3% during the 2nd quarter. Algert Global LLC now owns 28,120 shares of the company’s stock worth $106,000 after purchasing an additional 4,350 shares during the period. 58.05% of the stock is owned by institutional investors and hedge funds.
About CS Disco
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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