Thomas Bogan Purchases 6,929 Shares of CS Disco (NYSE:LAW) Stock

CS Disco, Inc. (NYSE:LAW) Director Thomas Bogan bought 6,929 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The stock was purchased at an average cost of $5.98 per share, for a total transaction of $41,435.42. Following the completion of the purchase, the director owned 164,089 shares of the company’s stock, valued at $981,252.22. This trade represents a 4.41% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

CS Disco Stock Up 14.8%

Shares of NYSE LAW opened at $6.96 on Thursday. CS Disco, Inc. has a 52 week low of $3.31 and a 52 week high of $7.12. The firm’s fifty day moving average is $5.85 and its 200 day moving average is $4.65. The company has a market cap of $429.42 million, a price-to-earnings ratio of -7.40 and a beta of 2.12.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. CWM LLC grew its position in shares of CS Disco by 73.5% in the 3rd quarter. CWM LLC now owns 4,804 shares of the company’s stock worth $31,000 after buying an additional 2,035 shares during the period. PDT Partners LLC grew its position 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 buying an additional 2,388 shares during the period. Jane Street Group LLC grew its position 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 buying an additional 2,632 shares during the period. Williams & Novak LLC grew its position in shares of CS Disco by 25.0% in the 2nd quarter. Williams & Novak LLC now owns 22,025 shares of the company’s stock worth $96,000 after buying an additional 4,405 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in shares of CS Disco by 87.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,968 shares of the company’s stock worth $44,000 after buying an additional 4,639 shares during the period. 58.05% of the stock is owned by hedge funds and other institutional investors.

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.