CS Disco (NYSE:LAW) Director Acquires $106,337.88 in Stock

CS Disco, Inc. (NYSE:LAW) Director Thomas Bogan purchased 17,902 shares of the business’s stock in a transaction that occurred on Friday, October 17th. The stock was bought at an average cost of $5.94 per share, for a total transaction of $106,337.88. Following the acquisition, the director owned 157,160 shares in the company, valued at approximately $933,530.40. The trade was a 12.86% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

CS Disco Trading Up 1.1%

Shares of NYSE LAW opened at $7.04 on Friday. The company has a market cap of $434.34 million, a price-to-earnings ratio of -7.48 and a beta of 2.12. CS Disco, Inc. has a 12-month low of $3.31 and a 12-month high of $7.35. The stock’s 50 day simple moving average is $5.90 and its 200 day simple moving average is $4.68.

Institutional Trading of CS Disco

Several hedge funds have recently added to or reduced their stakes in the business. CWM LLC increased its position in shares of 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 purchasing an additional 2,035 shares during the period. PDT Partners LLC grew its holdings in shares of CS Disco by 7.6% in the 2nd quarter. PDT Partners LLC now owns 33,795 shares of the company’s stock worth $148,000 after acquiring an additional 2,388 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of CS Disco by 5.9% in the 2nd quarter. Jane Street Group LLC now owns 47,260 shares of the company’s stock worth $207,000 after acquiring an additional 2,632 shares during the last quarter. Williams & Novak LLC grew its holdings in shares of CS Disco by 25.0% during the second quarter. Williams & Novak LLC now owns 22,025 shares of the company’s stock valued at $96,000 after buying an additional 4,405 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of CS Disco by 87.1% during the second quarter. Tower Research Capital LLC TRC now owns 9,968 shares of the company’s stock valued at $44,000 after buying an additional 4,639 shares in the last quarter. Institutional investors own 58.05% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $6.75.

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.