CS Disco, Inc. (NYSE:LAW – Get Free Report) CEO Eric Friedrichsen purchased 7,500 shares of the business’s stock in a transaction on Monday, August 10th. The shares were bought at an average price of $4.26 per share, with a total value of $31,950.00. Following the purchase, the chief executive officer directly owned 1,481,180 shares in the company, valued at approximately $6,309,826.80. The trade was a 0.51% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
CS Disco Stock Up 6.6%
Shares of CS Disco stock opened at $4.60 on Friday. The company has a market cap of $298.37 million, a PE ratio of -7.30 and a beta of 1.90. CS Disco, Inc. has a 52 week low of $2.45 and a 52 week high of $9.11. The business has a 50 day moving average price of $3.87 and a 200-day moving average price of $4.02.
CS Disco (NYSE:LAW – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.06). CS Disco had a negative return on equity of 26.58% and a negative net margin of 24.20%.The company had revenue of $43.15 million for the quarter, compared to analysts’ expectations of $43.10 million.
Analyst Ratings Changes
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Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its stake 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 during the period. Abel Hall LLC bought a new position in CS Disco during the first quarter valued at about $57,000. Algert Global LLC purchased a new stake in CS Disco during the third quarter worth about $70,000. Deutsche Bank AG purchased a new stake in CS Disco during the second quarter worth about $75,000. Finally, Occudo Quantitative Strategies LP bought a new stake in CS Disco in the second quarter worth about $75,000. Institutional investors own 58.05% of the company’s stock.
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.
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