Insiders Trades
CS Disco, Inc. Stock: price and insider trades · United States
1 insider bought €28k of shares over the last 90 days, the latest filed 11 Aug 2026.
CS Disco, Inc.: what insiders have been doing
Every trade that managers of CS Disco, Inc. disclose to SEC (Form 4) is tracked on this page. The company sits in the Technology sector. From 18 October 2025 to 18 October 2026, the disclosure feed for CS Disco, Inc. logged 47 filings by 19 insiders.
Purchases and sales both appear in the filings: 10 purchases (6 insiders, €3.2M) and 18 sales (5 insiders, €642k). The net balance comes to €2.5M on the buying side. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket. The largest single trade was a purchase of €2.8M by Goodman Robert P, published on 3 March 2026. The buyers include 5 senior executives and 1 chief executive.
Across the 5,458 companies tracked on its exchange, the median is 22 filings; at 47 filings, this issuer sits above that mark. Since 2021, the database holds 22 purchases and 78 sales by insiders of the company. On the fundamentals side, the SEC filing (10-K) for the period ending 31 December 2025 lists revenue at 156.8 m USD and net income at -44.4 m USD.
Within a 30-day window, 5 purchases overlapped with buying by a second insider. Purchases made close together by different insiders form what is called a cluster. The latest purchase dates back some time: it was published 67 days ago, on 11 August 2026. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 2 days. Section 16 rules allow two business days to file each Form 4. A sale on its own says little: insiders also sell to pay tax, fund a purchase or diversify.
In the same sector, recent insider purchases at Gitlab Inc. and Baozun Inc. also feature in our signals. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.
Insider Decl.
221
Thresholds
n/a
Buy Volume
€4M
22 ops. · all time
Sell Volume
€285M
78 ops. · all time
Who traded when
BuySaleMelanie Antoon9 sales
Karen Herckis8 sales
Thomas F. Bogan7 buys
Eric Friedrichsen4 buys1 sale
Lafair Michael5 sales
Richard Francis Crum5 sales
+5 other insiders
Since the insiders bought
- +3.0%Entry US$4.31 · Close 16 Oct 2026 US$4.44
- -17.1%Entry US$4.68 · Close at T+90 US$3.88
- +1.4%Entry US$4.19 · Close at T+90 US$4.25
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 20,789 of 24,148 companies
25.9
score / 100
Value17
Quality35
FCF yld-6.2%
Earn yld-15%
EV/EBITDA·
ROE-31%
Gross mgn75%
Net mgn-28%
Debt/EBITDA·
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$4.44
Analyst consensus
3 analysts2.00/5
US$4.00Target US$6.67(+50%)US$10.00
Income statement
RevenueUS$156.8M
Gross profitUS$117.4M75% margin
EBITDA-US$44.5M-28% margin
Net income-US$44.4M-24.2% margin
Valuation
PER (forward)-133.2x
P/Book2.4x
Beta1.91
Balance sheet & cash
Market capUS$288.2M
Total debtUS$7M
Free Cash Flow-US$18M
Debt / Equity5%
Profitability & ownership
ROE-31.3%
ROA-13.8%
% insiders23.3%
% institutions76.1%
Last declaration on 19 August 2026
Declarations221 total
8,514 shares@ US$4.180.013% mcap7.4% of flowCommon StockSEC:0001625641-26-000183:0
7,426 shares@ US$4.180.011% mcap20.4% of flowCommon StockSEC:0001625641-26-000181:0
6,840 shares@ US$4.180.010% mcap21.6% of flowCommon StockSEC:0001625641-26-000182:0
8,487 shares@ US$4.180.013% mcap12.7% of flowCommon StockSEC:0001625641-26-000184:0
44,492 shares@ US$4.400.070% mcap2.1% of flowCommon StockSEC:0001625641-26-000175:0
8,900 shares@ US$4.000.012% mcap100.0% of flowCommon StockSEC144:0001625641-26-000171
8,900 shares@ US$4.000.012% mcap100.0% of flowCommon StockSEC144:0001625641-26-000167
7,800 shares@ US$4.000.011% mcap100.0% of flowCommon StockSEC144:0001625641-26-000173
7,200 shares@ US$4.000.010% mcap100.0% of flowCommon StockSEC144:0001625641-26-000169
7,500 shares@ US$4.260.011% mcap0.3% of flowCommon StockSEC:0001625641-26-000165:0
Canonical exit: 8 Nov 2026 (T+90)
74,442 shares0Common StockSEC:0001625641-26-000156:0
41,096 sharesCommon StockSEC:0001193125-26-269451:0
41,096 sharesCommon StockSEC:0001490198-26-000002:0
41,096 sharesCommon StockSEC:0001625641-26-000144:0
41,096 sharesCommon StockSEC:0001625641-26-000145:0
41,096 sharesCommon StockSEC:0001625641-26-000146:0
41,096 sharesCommon StockSEC:0001625641-26-000148:0
67,720 shares0Common StockSEC:0001625641-26-000087:0
3,978 shares@ US$3.244.6% of flowCommon StockSEC:0001625641-26-000072:0
6,262 shares@ US$3.2413.1% of flowCommon StockSEC:0001625641-26-000077:0
5,956 shares@ US$3.2414.4% of flowCommon StockSEC:0001625641-26-000076:0
4,882 shares@ US$3.243.2% of flowCommon StockSEC:0001625641-26-000078:0
41,082 shares@ US$3.3115.7% of flowCommon StockSEC:0001625641-26-000071:0
Canonical exit: 31 May 2026 (T+90)
1,026,700 shares@ US$3.19100.0% of flowCommon StockSEC:0001193125-26-089363:0
Canonical exit: 28 May 2026 (T+90)
5,000 shares@ US$2.770.0% of flowCommon StockSEC:0001625641-26-000065:0
Canonical exit: 27 May 2026 (T+90)
25 of 221 declarations
About CS Disco, Inc.
CS Disco, Inc. (NYSE: LAW) is a U.S.-based enterprise software company focused on legal technology, headquartered in Austin, Texas, United States. Founded in 2013 and incorporated in Delaware on December 2, 2013, DISCO was built around a clear thesis: replace legacy, labor-intensive litigation workflows with a cloud-native platform powered by artificial intelligence. For French-speaking investors, it is best viewed not as a generic software vendor, but as a mission-critical workflow provider for corporate legal teams, law firms, legal service providers, and selected government users.
DISCO’s core offering is an integrated legal platform spanning several stages of the dispute and investigation lifecycle: legal hold, legal request, e-discovery, document review, and case management. The platform is designed to reduce manual work, speed up the identification of relevant evidence, and improve review quality through AI models trained on legal work performed within the system. This creates a differentiated proposition in a market where time, accuracy, and defensibility are crucial. DISCO’s cloud architecture is intended to support a wide range of matters, from litigation and internal investigations to compliance and diligence.
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From a competitive standpoint, DISCO operates in a crowded legaltech and e-discovery market, competing with specialized discovery tools as well as broader legal software and compliance platforms. Its relative strengths lie in three areas: an integrated end-to-end product suite, a strong focus on AI applied to litigation workflows, and a product experience designed for large, document-heavy matters. The company also highlights patent protection and pending patent applications tied to its platform and technology, reinforcing the view that intellectual property is part of its strategic moat.
Geographically, DISCO is anchored in the United States, with its main headquarters in Austin and historical references to an international presence, including the United Kingdom. Its customer base is primarily North American, although the software model is well suited to cross-border disputes and matters involving multinational organizations.
Recent developments have been constructive. In first-quarter 2026 results, DISCO reported total revenue of $41.9 million, up 14% year over year, and management pointed to favorable customer reception for its new all-inclusive platform and its advanced agentic AI capabilities. In third-quarter 2025, the company also highlighted stronger adoption among large customers and increasing usage of its GenAI tools. For investors, DISCO remains a niche growth story: attractive because of its differentiated AI/legal workflow positioning, but still exposed to execution risk, customer concentration dynamics, and the spending cycle in legal technology.
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