Whetstone Capital Advisors LLC Takes $761,000 Position in CS Disco, Inc. $LAW

Key Points

• Whetstone Capital Advisors LLC purchased 185,970 shares of CS Disco, Inc., valued at approximately $761,000, making it the firm's 24th largest holding.
• CS Disco has a market capitalization of $301.60 million and its trading price has fluctuated between a twelve-month low of $3.31 and a high of $6.64.
• Recent insider transactions included the sale of shares by executives, with Karen Herckis and Melanie Antoon reducing their holdings by 3.74% and 2.80%, respectively.

Whetstone Capital Advisors LLC bought a new stake in CS Disco, Inc. (NYSE:LAW - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 185,970 shares of the company's stock, valued at approximately $761,000. CS Disco makes up approximately 0.3% of Whetstone Capital Advisors LLC's investment portfolio, making the stock its 24th biggest holding. Whetstone Capital Advisors LLC owned approximately 0.31% of CS Disco at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in LAW. Two Sigma Investments LP acquired a new position in shares of CS Disco during the 4th quarter worth about $55,000. Price T Rowe Associates Inc. MD acquired a new position in CS Disco in the 4th quarter valued at approximately $59,000. Raymond James Financial Inc. acquired a new position in shares of CS Disco in the 4th quarter worth approximately $60,000. R Squared Ltd raised its holdings in shares of CS Disco by 113.2% in the 1st quarter. R Squared Ltd now owns 20,033 shares of the company's stock worth $82,000 after buying an additional 10,637 shares in the last quarter. Finally, Two Sigma Advisers LP acquired a new position in shares of CS Disco in the 4th quarter worth approximately $86,000. Institutional investors and hedge funds own 58.05% of the company's stock.

Analyst Ratings Changes

Separately, Needham & Company LLC reissued a "buy" rating and issued a $8.00 target price on shares of CS Disco in a report on Thursday, May 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $6.75.

Insiders Place Their Bets

In other CS Disco news, EVP Melanie Antoon sold 6,898 shares of CS Disco stock in a transaction on Monday, August 18th. The stock was sold at an average price of $4.82, for a total value of $33,248.36. Following the completion of the transaction, the executive vice president owned 239,781 shares in the company, valued at approximately $1,155,744.42. The trade was a 2.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Karen Herckis sold 5,677 shares of CS Disco stock in a transaction on Monday, August 18th. The shares were sold at an average price of $4.82, for a total value of $27,363.14. Following the completion of the transaction, the executive vice president owned 146,256 shares of the company's stock, valued at approximately $704,953.92. The trade was a 3.74% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,971 shares of company stock worth $183,020. 16.10% of the stock is owned by company insiders.

CS Disco Stock Up 6.1%

LAW traded up $0.30 during trading on Friday, hitting $5.19. The company's stock had a trading volume of 162,031 shares, compared to its average volume of 156,632. The firm's 50 day moving average price is $4.35 and its two-hundred day moving average price is $4.27. CS Disco, Inc. has a 12 month low of $3.31 and a 12 month high of $6.64. The stock has a market capitalization of $320.43 million, a price-to-earnings ratio of -5.52 and a beta of 2.05.

CS Disco Profile

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.