Thomas Bogan Acquires 17,902 Shares of CS Disco (NYSE:LAW) Stock

CS Disco, Inc. (NYSE:LAW) Director Thomas Bogan purchased 17,902 shares of the company’s stock in a transaction on Friday, October 17th. The stock was bought at an average price of $5.94 per share, for a total transaction of $106,337.88. Following the completion of the purchase, the director directly owned 157,160 shares of the company’s stock, valued at $933,530.40. The trade was a 12.86% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

CS Disco Trading Up 14.8%

Shares of CS Disco stock opened at $6.96 on Thursday. The company has a fifty day simple moving average of $5.85 and a 200-day simple moving average of $4.65. The stock has a market cap of $429.42 million, a price-to-earnings ratio of -7.40 and a beta of 2.12. CS Disco, Inc. has a 12-month low of $3.31 and a 12-month high of $7.12.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CS Disco in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $6.75.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LAW. CWM LLC raised its stake in CS Disco by 73.5% during the 3rd quarter. CWM LLC now owns 4,804 shares of the company’s stock valued at $31,000 after acquiring an additional 2,035 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in CS Disco by 87.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,968 shares of the company’s stock valued at $44,000 after acquiring an additional 4,639 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of CS Disco during the 2nd quarter worth approximately $51,000. Occudo Quantitative Strategies LP purchased a new stake in CS Disco during the 2nd quarter worth about $75,000. Finally, R Squared Ltd increased its stake in shares of CS Disco by 113.2% during the 1st quarter. R Squared Ltd now owns 20,033 shares of the company’s stock valued at $82,000 after acquiring an additional 10,637 shares during the last quarter. 58.05% of the stock is currently owned by institutional investors and hedge funds.

About CS Disco

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.