Insider Buying: CS Disco (NYSE:LAW) CEO Purchases $24,470.50 in Stock

CS Disco, Inc. (NYSE:LAW) CEO Eric Friedrichsen bought 4,490 shares of CS Disco stock in a transaction dated Friday, November 6th. The stock was purchased at an average price of $5.45 per share, with a total value of $24,470.50. Following the purchase, the chief executive officer owned 1,441,178 shares in the company, valued at approximately $7,854,420.10. This represents a 0.31% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

CS Disco Price Performance

Shares of LAW stock opened at $6.09 on Thursday. The firm has a 50-day moving average of $4.61 and a 200-day moving average of $4.19. The company has a market cap of $400.37 million, a P/E ratio of -12.44 and a beta of 1.80. CS Disco, Inc. has a one year low of $2.45 and a one year high of $9.11.

Hedge Funds Weigh In On CS Disco

Institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. bought a new position in CS Disco during the third quarter valued at $33,000. Ieq Capital LLC increased its position in CS Disco by 15.1% in the third quarter. Ieq Capital LLC now owns 61,586 shares of the company’s stock worth $253,000 after buying an additional 8,096 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in CS Disco in the second quarter worth $629,000. Hsbc Holdings PLC bought a new stake in shares of CS Disco in the second quarter valued at $111,000. Finally, Formula Growth Ltd. bought a new stake in shares of CS Disco in the second quarter valued at $3,024,000. Hedge funds and other institutional investors own 58.05% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CS Disco in a report on Tuesday, September 29th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $8.00.

CS Disco Company Profile

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.