Insider Buying: CS Disco, Inc. (NYSE:LAW) Director Acquires 23,554 Shares of Stock

CS Disco, Inc. (NYSE:LAW) Director Scott A. Hill acquired 23,554 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was purchased at an average price of $5.39 per share, for a total transaction of $126,956.06. Following the acquisition, the director now directly owns 187,615 shares in the company, valued at approximately $1,011,244.85. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

CS Disco Stock Up 2.6 %

Shares of LAW opened at $5.46 on Friday. CS Disco, Inc. has a 52-week low of $4.92 and a 52-week high of $9.84. The stock has a fifty day simple moving average of $5.64 and a two-hundred day simple moving average of $6.76. The company has a market capitalization of $327.47 million, a PE ratio of -10.11 and a beta of 2.09.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on LAW shares. JPMorgan Chase & Co. cut shares of CS Disco from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $8.00 to $5.00 in a research report on Tuesday, July 2nd. Needham & Company LLC cut their price objective on shares of CS Disco from $11.00 to $8.00 and set a “buy” rating for the company in a report on Friday, August 9th.

Institutional Investors Weigh In On CS Disco

A number of hedge funds have recently modified their holdings of LAW. Nisa Investment Advisors LLC purchased a new position in CS Disco during the fourth quarter worth about $27,000. nVerses Capital LLC acquired a new stake in shares of CS Disco during the 2nd quarter worth approximately $36,000. Meeder Asset Management Inc. purchased a new stake in shares of CS Disco during the 2nd quarter valued at approximately $37,000. Tower Research Capital LLC TRC lifted its holdings in CS Disco by 42.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,020 shares of the company’s stock valued at $46,000 after acquiring an additional 1,802 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in CS Disco in the first quarter worth approximately $52,000. Hedge funds and other institutional investors own 58.05% of the company’s stock.

About CS Disco

CS Disco, Inc provides cloud-native and artificial intelligence-powered legal solutions for legal hold, legal request, ediscovery, legal document review, and case management in the United States and internationally. It offers DISCO Request, a solution that automates response compliance for legal requests; and DISCO Ediscovery, a solution that automates the ediscovery process and saves legal departments from manual tasks associated with collecting, processing, enriching, searching, reviewing, analyzing, producing, and using enterprise data that is at issue in legal matters.