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

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 Bogan acquired 30,000 shares of CS Disco stock in a transaction that occurred on Friday, September 12th. The stock was purchased at an average cost of $5.80 per share, for a total transaction of $174,000.00. Following the completion of the transaction, the director directly owned 101,090 shares in the company, valued at $586,322. This trade represents a 42.20% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

CS Disco Stock Performance

CS Disco stock traded down $0.04 during midday trading on Tuesday, reaching $6.00. The stock had a trading volume of 107,198 shares, compared to its average volume of 114,776. CS Disco, Inc. has a 52-week low of $3.31 and a 52-week high of $6.64. The company has a fifty day moving average of $4.74 and a 200 day moving average of $4.30.

Hedge Funds Weigh In On CS Disco

Hedge funds have recently added to or reduced their stakes in the stock. Nuveen LLC bought a new position in CS Disco in the 1st quarter worth about $200,000. Whetstone Capital Advisors LLC bought a new position in CS Disco in the 1st quarter worth about $761,000. Two Sigma Advisers LP bought a new position in CS Disco in the 4th quarter worth about $86,000. D. E. Shaw & Co. Inc. boosted its stake in shares of CS Disco by 6.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 76,174 shares of the company's stock valued at $380,000 after purchasing an additional 4,855 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of CS Disco by 61.3% during the fourth quarter. Deutsche Bank AG now owns 22,614 shares of the company's stock valued at $113,000 after purchasing an additional 8,590 shares in the last quarter. 58.05% of the stock is currently owned by institutional investors.

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.

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