Whetstone Capital Advisors LLC Takes 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 position in shares of CS Disco, Inc. (NYSE:LAW - Free Report) during the first quarter, according to its most recent disclosure 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 accounts for about 0.3% of Whetstone Capital Advisors LLC's investment portfolio, making the stock its 24th largest holding. Whetstone Capital Advisors LLC owned approximately 0.31% of CS Disco at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Two Sigma Investments LP purchased a new stake in shares of CS Disco in the 4th quarter valued at approximately $55,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of CS Disco in the 4th quarter valued at approximately $59,000. Raymond James Financial Inc. purchased a new stake in shares of CS Disco in the 4th quarter valued at approximately $60,000. R Squared Ltd raised its stake 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 valued at $82,000 after acquiring an additional 10,637 shares during the period. Finally, Two Sigma Advisers LP purchased a new stake in shares of CS Disco in the 4th quarter valued at approximately $86,000. 58.05% of the stock is owned by hedge funds and other institutional investors.

CS Disco Trading Up 1.2%

LAW traded up $0.06 during trading hours on Tuesday, hitting $5.17. 15,581 shares of the company's stock were exchanged, compared to its average volume of 135,314. CS Disco, Inc. has a 12-month low of $3.31 and a 12-month high of $6.64. The firm has a market cap of $319.21 million, a P/E ratio of -5.50 and a beta of 2.05. The firm has a 50 day moving average of $4.37 and a 200 day moving average of $4.26.

Insider Activity

In other CS Disco news, EVP Karen Herckis sold 5,677 shares of the business's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $4.82, for a total transaction of $27,363.14. Following the completion of the transaction, the executive vice president owned 146,256 shares in the company, valued at $704,953.92. The trade was a 3.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Richard Francis Crum sold 10,552 shares of the business's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $4.82, for a total transaction of $50,860.64. Following the transaction, the executive vice president owned 233,949 shares of the company's stock, valued at $1,127,634.18. This trade represents a 4.32% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,971 shares of company stock worth $183,020. Insiders own 16.10% of the company's stock.

Analyst Upgrades and Downgrades

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

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.