GuruFocus - On August 14, 2024, Scott Hill, Director at CS Disco Inc (NYSE:LAW), purchased 25,000 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 189,061 shares of CS Disco Inc.
CS Disco Inc is a legal technology company that provides cloud-based solutions designed to automate and simplify legal processes for firms and corporate legal departments.
The transaction occurred with shares priced at $5.39, valuing the purchase at approximately $134,750. This acquisition has increased the insider's stake significantly, reflecting a strong commitment to the company's future.
Over the past year, insider activity at CS Disco Inc has shown a trend with 2 insider buys and 16 insider sells. This recent purchase by the insider contrasts with the broader selling trend observed within the company.
Shares of CS Disco Inc are currently trading with a market cap of $316.436 million. The stock's valuation metrics, such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, contribute to its GF Value.
The GF Value of CS Disco Inc is estimated at $9.54 per share, suggesting that the stock is significantly undervalued with a price-to-GF-Value ratio of 0.56.
This insider buy might indicate a belief in the company's potential for growth or undervaluation, as per the GF Value. Investors often look at insider transactions as a signal of confidence in the company's prospects or valuation assessments.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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