Thomas Bogan Purchases 13,680 Shares of CS Disco (NYSE:LAW) Stock

CS Disco, Inc. (NYSE:LAW) Director Thomas Bogan acquired 13,680 shares of the stock in a transaction dated Tuesday, October 7th. The shares were bought at an average cost of $5.95 per share, with a total value of $81,396.00. Following the completion of the purchase, the director directly owned 139,258 shares in the company, valued at approximately $828,585.10. This trade represents a 10.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

CS Disco Trading Down 1.0%

LAW stock opened at $6.09 on Friday. The stock has a 50-day moving average price of $5.57 and a two-hundred day moving average price of $4.54. CS Disco, Inc. has a 12-month low of $3.31 and a 12-month high of $6.81. The company has a market cap of $376.00 million, a PE ratio of -6.48 and a beta of 2.12.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of CS Disco in a report on Wednesday. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $6.75.

Hedge Funds Weigh In On CS Disco

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. PDT Partners LLC boosted its holdings in 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 period. Jane Street Group LLC boosted its stake in shares of CS Disco by 5.9% in the second quarter. Jane Street Group LLC now owns 47,260 shares of the company’s stock valued at $207,000 after purchasing an additional 2,632 shares during the period. Williams & Novak LLC boosted its position in CS Disco by 25.0% in the 2nd 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 during the last quarter. Tower Research Capital LLC TRC boosted its position 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 buying an additional 4,639 shares during the last quarter. Finally, R Squared Ltd boosted its position in CS Disco by 113.2% in the 1st quarter. R Squared Ltd now owns 20,033 shares of the company’s stock valued at $82,000 after buying an additional 10,637 shares during the last quarter. Hedge funds and other institutional investors own 58.05% of the company’s stock.

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.