Eric Friedrichsen Purchases 9,000 Shares of CS Disco (NYSE:LAW) Stock

CS Disco, Inc. (NYSE:LAW) CEO Eric Friedrichsen acquired 9,000 shares of CS Disco stock in a transaction dated Friday, May 8th. The shares were bought at an average price of $3.97 per share, for a total transaction of $35,730.00. Following the transaction, the chief executive officer owned 1,517,172 shares of the company’s stock, valued at approximately $6,023,172.84. The trade was a 0.60% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Eric Friedrichsen also recently made the following trade(s):

• On Friday, February 27th, Eric Friedrichsen bought 15,500 shares of CS Disco stock. The shares were bought at an average cost of $2.90 per share, with a total value of $44,950.00.

CS Disco Stock Performance

LAW stock opened at $3.78 on Wednesday. The firm has a fifty day moving average price of $4.08 and a 200 day moving average price of $5.63. CS Disco, Inc. has a fifty-two week low of $2.45 and a fifty-two week high of $9.11. The firm has a market cap of $242.09 million, a PE ratio of -5.55 and a beta of 1.95.

CS Disco (NYSE:LAW) last posted its earnings results on Wednesday, May 6th. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02. The firm had revenue of $41.88 million during the quarter, compared to analyst estimates of $40.30 million. CS Disco had a negative net margin of 26.28% and a negative return on equity of 26.12%.

Hedge Funds Weigh In On CS Disco

A number of hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in CS Disco by 3.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 782,025 shares of the company’s stock valued at $2,987,000 after acquiring an additional 24,031 shares during the period. Abel Hall LLC acquired a new position in CS Disco during the first quarter worth approximately $57,000. Mercer Global Advisors Inc. ADV acquired a new position in CS Disco during the fourth quarter worth approximately $99,000. XTX Topco Ltd grew its stake in shares of CS Disco by 274.1% in the 4th quarter. XTX Topco Ltd now owns 42,616 shares of the company’s stock valued at $331,000 after purchasing an additional 31,223 shares during the last quarter. Finally, Zacks Investment Management boosted its stake in shares of CS Disco by 35.7% in the fourth quarter. Zacks Investment Management now owns 84,286 shares of the company’s stock valued at $654,000 after buying an additional 22,192 shares in the last quarter. 58.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LAW has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of CS Disco from a “buy” rating to a “hold” rating in a report on Saturday. Canaccord Genuity Group dropped their target price on CS Disco from $9.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Weiss Ratings upgraded CS Disco from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, April 29th. Finally, Needham & Company LLC restated a “buy” rating and issued a $10.00 price objective on shares of CS Disco in a research report on Thursday, February 26th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, CS Disco has an average rating of “Hold” and an average 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.