CS Disco (NYSE:LAW) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded CS Disco (NYSE:LAW) from a "hold" to a "buy" in its latest research note.
• Analyst views are mixed—two Buys, one Hold and one Sell—giving a consensus rating of "Hold" with a $8.00 consensus price target while the stock trades around $4.12 (1‑year range $2.45–$9.11) and a market cap of about $261M.
• Significant insider buying: Director Robert P. Goodman purchased 1,026,700 shares at $3.19, and insiders net acquired ~1.09M shares in the last 90 days, now owning 16.10% of the company.

CS Disco (NYSE:LAW - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday.

Other equities analysts also recently issued research reports about the stock. Jefferies Financial Group upped their price objective on shares of CS Disco from $6.00 to $8.00 and gave the company a "hold" rating in a research note on Monday, January 5th. Needham & Company LLC restated a "buy" rating and issued a $10.00 price objective on shares of CS Disco in a research note on Thursday, February 26th. Weiss Ratings restated a "sell (d-)" rating on shares of CS Disco in a research note on Wednesday, January 21st. Finally, Canaccord Genuity Group decreased their price objective on shares of CS Disco from $9.00 to $6.00 and set a "buy" rating for the company in a research note on Thursday, February 26th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $8.00.

CS Disco Price Performance

NYSE LAW opened at $4.12 on Friday. CS Disco has a 1 year low of $2.45 and a 1 year high of $9.11. The company has a market capitalization of $260.92 million, a PE ratio of -5.72 and a beta of 1.98. The company has a fifty day moving average of $3.89 and a two-hundred day moving average of $5.77.

Insider Buying and Selling at CS Disco

In other CS Disco news, Director Robert P. Goodman bought 1,026,700 shares of the firm's stock in a transaction dated Friday, February 27th. The stock was acquired at an average price of $3.19 per share, for a total transaction of $3,275,173.00. Following the completion of the purchase, the director owned 1,038,475 shares of the company's stock, valued at approximately $3,312,735.25. This represents a 8,719.32% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Melanie Antoon sold 9,289 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $3.07, for a total transaction of $28,517.23. Following the sale, the executive vice president owned 203,421 shares of the company's stock, valued at $624,502.47. This trade represents a 4.37% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have acquired 1,090,200 shares of company stock valued at $3,475,943 and have sold 27,711 shares valued at $85,073. 16.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CS Disco

Hedge funds have recently made changes to their positions in the business. CWM LLC boosted its stake in shares of CS Disco by 73.5% during the third quarter. CWM LLC now owns 4,804 shares of the company's stock worth $31,000 after buying an additional 2,035 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of CS Disco by 87.1% during the second quarter. Tower Research Capital LLC TRC now owns 9,968 shares of the company's stock worth $44,000 after buying an additional 4,639 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of CS Disco during the third quarter worth about $62,000. Algert Global LLC acquired a new stake in shares of CS Disco during the third quarter worth about $70,000. Finally, Occudo Quantitative Strategies LP acquired a new stake in shares of CS Disco during the second quarter worth about $75,000. Institutional investors and hedge funds own 58.05% of the company's stock.

About CS Disco

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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