BNP Paribas Financial Markets Buys New Stake in CS Disco, Inc. (NYSE:LAW)

BNP Paribas Financial Markets bought a new stake in CS Disco, Inc. (NYSE:LAW) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 27,861 shares of the company’s stock, valued at approximately $139,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LAW. Pilgrim Partners Asia Pte Ltd bought a new stake in CS Disco during the fourth quarter worth about $43,000. R Squared Ltd bought a new stake in CS Disco during the fourth quarter worth about $47,000. Virtu Financial LLC bought a new stake in CS Disco during the fourth quarter worth about $54,000. Meeder Asset Management Inc. grew its stake in CS Disco by 50.7% during the fourth quarter. Meeder Asset Management Inc. now owns 10,847 shares of the company’s stock worth $54,000 after buying an additional 3,650 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD bought a new stake in CS Disco during the fourth quarter worth about $59,000. Institutional investors own 58.05% of the company’s stock.

Insider Transactions at CS Disco

In other news, CEO Eric Friedrichsen sold 118,054 shares of the company’s stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $3.93, for a total transaction of $463,952.22. Following the transaction, the chief executive officer now directly owns 1,136,317 shares in the company, valued at approximately $4,465,725.81. This represents a 9.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael Lafair sold 15,395 shares of the company’s stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $3.93, for a total transaction of $60,502.35. Following the transaction, the executive vice president now owns 841,734 shares in the company, valued at $3,308,014.62. The trade was a 1.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 146,479 shares of company stock worth $575,662. Corporate insiders own 16.10% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reaffirmed a “buy” rating and set a $8.00 price objective on shares of CS Disco in a research note on Thursday, May 8th.

CS Disco Trading Up 0.9%

Shares of CS Disco stock opened at $3.96 on Friday. The stock has a market capitalization of $240.49 million, a price-to-earnings ratio of -4.30 and a beta of 2.05. CS Disco, Inc. has a 1-year low of $3.31 and a 1-year high of $6.64. The firm’s 50-day moving average price is $3.80 and its two-hundred day moving average price is $4.71.

CS Disco Company 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.