CS Disco (NYSE:LAW) Director Purchases $13,850.00 in Stock

CS Disco, Inc. (NYSE:LAW) Director Krishna Srinivasan bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The stock was bought at an average price of $2.77 per share, with a total value of $13,850.00. Following the transaction, the director directly owned 5,000 shares in the company, valued at $13,850. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 Price Performance

Shares of CS Disco stock traded up $0.25 on Monday, hitting $3.50. The company had a trading volume of 623,133 shares, compared to its average volume of 422,122. CS Disco, Inc. has a 52 week low of $2.45 and a 52 week high of $9.11. The company has a market cap of $221.66 million, a PE ratio of -4.86 and a beta of 2.16. The business has a 50-day simple moving average of $5.82 and a 200-day simple moving average of $6.25.

Institutional Investors Weigh In On CS Disco

A number of large investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC purchased a new position in CS Disco during the 1st quarter worth approximately $216,000. Jane Street Group LLC grew its holdings in shares of CS Disco by 51.6% during the first quarter. Jane Street Group LLC now owns 44,628 shares of the company’s stock valued at $183,000 after buying an additional 15,187 shares in the last quarter. Acadian Asset Management LLC acquired a new position in CS Disco during the first quarter valued at $195,000. Los Angeles Capital Management LLC purchased a new stake in CS Disco in the 2nd quarter worth about $324,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in CS Disco by 20.7% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 200,782 shares of the company’s stock worth $877,000 after acquiring an additional 34,406 shares during the period. Institutional investors and hedge funds own 58.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Canaccord Genuity Group decreased their target price on CS Disco from $9.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday. Wall Street Zen lowered shares of CS Disco from a “buy” rating to a “hold” rating in a research report on Saturday. Jefferies Financial Group lifted their price objective on shares of CS Disco from $6.00 to $8.00 and gave the stock a “hold” rating in a research note on Monday, January 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of CS Disco in a report on Wednesday, January 21st. Finally, Needham & Company LLC restated a “buy” rating and set a $10.00 target price on shares of CS Disco in a report on Thursday. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus 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.