CS Disco (NYSE:LAW) Director Thomas F. Bogan Buys 30,000 Shares

Key Points

• CS Disco Director Thomas Bogan purchased 30,000 shares of the company's stock for a total of $174,000, increasing his ownership by 42.20% and bringing his total stake to 101,090 shares.
• The stock price of CS Disco closed at $6.00, with a 52-week range between $3.31 and $6.64, indicating significant volatility in its trading history.
• Institutional investors currently hold 58.05% of CS Disco's stock, with various hedge funds recently increasing their positions in the company.

CS Disco, Inc. (NYSE:LAW - Get Free Report) Director Thomas F. Bogan purchased 30,000 shares of the business's stock in a transaction dated Friday, September 12th. The shares were purchased at an average cost of $5.80 per share, with a total value of $174,000.00. Following the completion of the purchase, the director directly owned 101,090 shares in the company, valued at approximately $586,322. This represents a 42.20% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

CS Disco Price Performance

NYSE:LAW traded down $0.04 during mid-day trading on Friday, reaching $6.43. The stock had a trading volume of 497,200 shares, compared to its average volume of 124,432. The stock has a market cap of $396.99 million, a P/E ratio of -6.84 and a beta of 2.08. The business's 50 day moving average is $4.90 and its 200 day moving average is $4.34. CS Disco, Inc. has a fifty-two week low of $3.31 and a fifty-two week high of $6.71.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Nuveen LLC acquired a new stake in shares of CS Disco in the 1st quarter valued at $200,000. Whetstone Capital Advisors LLC bought a new position in CS Disco during the first quarter valued at about $761,000. Two Sigma Advisers LP bought a new position in CS Disco during the fourth quarter valued at about $86,000. D. E. Shaw & Co. Inc. lifted its position in shares of CS Disco by 6.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 76,174 shares of the company's stock worth $380,000 after buying an additional 4,855 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of CS Disco by 61.3% during the 4th quarter. Deutsche Bank AG now owns 22,614 shares of the company's stock worth $113,000 after acquiring an additional 8,590 shares in the last quarter. Institutional investors 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.