CS Disco, Inc. $LAW Shares Bought by R Squared Ltd

R Squared Ltd grew its position in shares of CS Disco, Inc. (NYSE:LAW) by 136.9% during the 2nd quarter, Holdings Channel reports. The firm owned 47,456 shares of the company’s stock after purchasing an additional 27,423 shares during the period. R Squared Ltd’s holdings in CS Disco were worth $207,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Williams & Novak LLC increased its position in shares of CS Disco by 25.0% during the 2nd quarter. Williams & Novak LLC now owns 22,025 shares of the company’s stock valued at $96,000 after purchasing an additional 4,405 shares during the period. Strs Ohio bought a new stake in shares of CS Disco during the 1st quarter worth $216,000. Acadian Asset Management LLC bought a new stake in shares of CS Disco during the 1st quarter worth $195,000. Jane Street Group LLC boosted its stake in shares of CS Disco by 51.6% during the 1st quarter. Jane Street Group LLC now owns 44,628 shares of the company’s stock worth $183,000 after acquiring an additional 15,187 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of CS Disco during the 1st quarter worth $216,000. 58.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of CS Disco in a research note on Friday. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, CS Disco presently has an average rating of “Hold” and an average price target of $6.75.

CS Disco Stock Up 2.3%

LAW opened at $7.15 on Friday. The firm has a market cap of $441.46 million, a PE ratio of -7.61 and a beta of 2.12. The business has a fifty day simple moving average of $5.94 and a 200-day simple moving average of $4.71. CS Disco, Inc. has a fifty-two week low of $3.31 and a fifty-two week high of $7.35.

Insiders Place Their Bets

In other news, EVP Karen Herckis sold 5,677 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $4.82, for a total value of $27,363.14. Following the completion of the sale, the executive vice president owned 146,256 shares of the company’s stock, valued at $704,953.92. This trade represents a 3.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Melanie Antoon sold 6,898 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $4.82, for a total value of $33,248.36. Following the completion of the sale, the executive vice president directly owned 239,781 shares of the company’s stock, valued at approximately $1,155,744.42. This trade represents a 2.80% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 86,499 shares of company stock valued at $510,738 and have sold 37,971 shares valued at $183,020. 16.10% of the stock is currently owned by corporate insiders.

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.