CS Disco (NYSE:LAW) Director Acquires $174,000.00 in Stock

CS Disco, Inc. (NYSE:LAW) Director Thomas Bogan bought 30,000 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The shares were purchased at an average cost of $5.80 per share, for a total transaction of $174,000.00. Following the acquisition, the director owned 101,090 shares of the company’s stock, valued at $586,322. This represents a 42.20% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

CS Disco Stock Up 4.5%

Shares of NYSE:LAW opened at $6.52 on Friday. CS Disco, Inc. has a 12-month low of $3.31 and a 12-month high of $6.64. The company has a market cap of $402.54 million, a P/E ratio of -6.94 and a beta of 2.08. The company’s fifty day moving average is $4.85 and its two-hundred day moving average is $4.34.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased its holdings in shares of CS Disco by 87.1% in the second quarter. Tower Research Capital LLC TRC now owns 9,968 shares of the company’s stock valued at $44,000 after purchasing an additional 4,639 shares in the last quarter. Two Sigma Investments LP acquired a new position in shares of CS Disco during the 4th quarter worth about $55,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of CS Disco during the 2nd quarter worth about $51,000. Price T Rowe Associates Inc. MD bought a new stake in CS Disco in the 4th quarter valued at about $59,000. Finally, Occudo Quantitative Strategies LP bought a new stake in shares of CS Disco during the 2nd quarter worth approximately $75,000. Institutional investors and hedge funds own 58.05% of the company’s stock.

CS Disco Company Profile

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.