Insider Trading March 4, 2026

CS Disco Director Robert P. Goodman Makes $3.27 Million Stock Purchase

Director increases stake amid mixed market reaction to Q4 2025 results and analyst affirmation

By Nina Shah LAW
CS Disco Director Robert P. Goodman Makes $3.27 Million Stock Purchase
LAW

Robert P. Goodman, a director at CS Disco, Inc. (NASDAQ: LAW), purchased 1,026,700 shares on February 27, 2026, in a transaction valued at $3,275,173. The purchase occurred at prices between $3.10 and $3.19. Following the trade, Goodman’s direct and indirect holdings are disclosed. CS Disco recently reported fourth-quarter 2025 results that beat analyst estimates, while the stock showed volatile trading despite analyst support and InvestingPro valuation commentary.

Key Points

  • Director Robert P. Goodman bought 1,026,700 shares on February 27, 2026 for $3,275,173 at $3.10 - $3.19 per share.
  • Following the trade Goodman directly holds 28,036 shares and indirectly holds stakes through NB Group, LLC; Katama Point LLC; and Cracktucket II, LLC.
  • CS Disco beat Q4 2025 EPS and revenue estimates; Needham reiterated a Buy rating with a $10.00 price target, while InvestingPro identifies the stock as trading below its Fair Value.

Transaction details

Director Robert P. Goodman acquired 1,026,700 shares of common stock of CS Disco, Inc. (NASDAQ: LAW) on February 27, 2026. The aggregate value of the transaction was $3,275,173, with purchase prices ranging from $3.10 to $3.19 per share.

Post-transaction holdings

After the acquisition, Goodman is recorded as directly holding 28,036 shares. He also has indirect holdings through several entities: 1,038,475 shares via NB Group, LLC, 2,354 shares via Katama Point LLC, and 11,115 shares via Cracktucket II, LLC. Goodman disclaims beneficial ownership of the shares held by those entities except to the extent of his pecuniary interest.

Market movement and valuation context

The stock has moved since the purchase, trading as high as $3.93 and delivering a 42% one-week return from the documented purchase window. According to InvestingPro analysis cited in the filing, the shares are trading below their Fair Value, with the platform listing the company among its comprehensive undervalued stocks and offering an in-depth Pro Research Report for further detail.

Recent financial results and analyst response

CS Disco reported fourth-quarter 2025 results that exceeded analyst expectations. The company posted an earnings per share of negative $0.04, outperforming the forecasted negative $0.052. Revenue for the quarter was $41.17 million, ahead of the projected $39.96 million. Needham maintained a Buy rating on the stock and kept its $10.00 price target following the results.

Company commentary in the financial release noted revenue growth acceleration when excluding a one-time benefit recorded in the prior quarter. Net dollar retention was reported at 98% overall, with software net dollar retention at 103%.

Market reaction

Despite the beat and an unchanged Buy rating from Needham, the stock declined in pre-market trading, a move described in the filing as reflecting investor concerns. The filings and disclosures summarize transaction specifics and the company’s recent operating metrics without expanding on the drivers of the pre-market weakness.


Note: This article reports on the transaction details, disclosed holdings, recent financial results, analyst activity, and valuation commentary as presented in the company filing and associated analysis.

Risks

  • Despite beating EPS and revenue estimates, CS Disco's stock fell in pre-market trading, indicating investor concerns about near-term market reaction - impacts equity markets and legal technology sector sentiment.
  • Revenue growth metrics exclude a one-time benefit from the prior quarter, which could obscure underlying run-rate trends - relevant to revenue forecasting in the software and legaltech sectors.
  • Goodman disclaims beneficial ownership of shares held by affiliated entities except to the extent of his pecuniary interest, introducing limits on interpreting insider alignment - relevant to governance and investor confidence assessments.

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