Deutsche Bank AG Purchases 8,590 Shares of CS Disco, Inc. (NYSE:LAW)

Deutsche Bank AG grew its position in CS Disco, Inc. (NYSE:LAW) by 61.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 22,614 shares of the company’s stock after purchasing an additional 8,590 shares during the quarter. Deutsche Bank AG’s holdings in CS Disco were worth $113,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Pilgrim Partners Asia Pte Ltd purchased a new stake in CS Disco in the fourth quarter worth about $43,000. Meeder Asset Management Inc. raised its holdings in shares of CS Disco by 50.7% in the 4th quarter. Meeder Asset Management Inc. now owns 10,847 shares of the company’s stock valued at $54,000 after purchasing an additional 3,650 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of CS Disco in the 4th quarter worth approximately $54,000. Price T Rowe Associates Inc. MD bought a new position in shares of CS Disco during the fourth quarter valued at approximately $59,000. Finally, Raymond James Financial Inc. purchased a new position in CS Disco during the fourth quarter valued at approximately $60,000. Institutional investors own 58.05% of the company’s stock.

Insider Activity

In other news, CEO Eric Friedrichsen sold 118,054 shares of the company’s stock in a transaction on Monday, May 19th. The stock was 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 of the company’s stock, 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 SEC, which is accessible through this hyperlink. Also, EVP Michael Lafair sold 15,395 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $3.93, for a total value of $60,502.35. Following the sale, the executive vice president now owns 841,734 shares of the company’s stock, valued at approximately $3,308,014.62. This represents a 1.80% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 146,479 shares of company stock worth $575,662. Corporate insiders own 16.10% of the company’s stock.

Analyst Ratings Changes

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

CS Disco Price Performance

LAW opened at $4.09 on Wednesday. The firm has a market capitalization of $248.40 million, a PE ratio of -4.44 and a beta of 2.05. The business’s 50-day moving average is $3.79 and its two-hundred day moving average is $4.68. CS Disco, Inc. has a 1 year low of $3.31 and a 1 year high of $6.64.

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.