CS Disco (NYSE:LAW) Director Thomas Bogan Buys 17,902 Shares

Key Points

• Director Thomas Bogan of CS Disco purchased 17,902 shares at $5.94 each, increasing his stake by 12.86% to a total value of approximately $933,530.
• Institutional investors have recently increased their holdings, with CWM LLC raising its position by 73.5%, highlighting growing interest in CS Disco's stock.
• Analysts have mixed views on CS Disco, with one analyst rating it as a Buy, while others have assigned a Hold and a Sell, reflecting uncertainty in the market.

CS Disco, Inc. (NYSE:LAW - Get Free Report) Director Thomas Bogan purchased 17,902 shares of the business's stock in a transaction on Friday, October 17th. The shares were bought at an average cost of $5.94 per share, for a total transaction of $106,337.88. Following the completion of the transaction, the director directly owned 157,160 shares in the company, valued at $933,530.40. This trade represents a 12.86% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link.

CS Disco Trading Up 0.4%

LAW traded up $0.03 during midday trading on Tuesday, hitting $6.08. 114,087 shares of the company were exchanged, compared to its average volume of 135,943. The company's 50 day simple moving average is $5.79 and its 200 day simple moving average is $4.63. The firm has a market capitalization of $375.07 million, a price-to-earnings ratio of -6.46 and a beta of 2.12. CS Disco, Inc. has a 1-year low of $3.31 and a 1-year high of $6.81.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LAW. CWM LLC raised its position in shares of CS Disco by 73.5% during the 3rd quarter. CWM LLC now owns 4,804 shares of the company's stock valued at $31,000 after buying an additional 2,035 shares during the period. Tower Research Capital LLC TRC increased its position in shares of CS Disco by 87.1% during the second quarter. Tower Research Capital LLC TRC now owns 9,968 shares of the company's stock worth $44,000 after acquiring an additional 4,639 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in shares of CS Disco during the second quarter worth $51,000. Occudo Quantitative Strategies LP acquired a new stake in shares of CS Disco during the second quarter worth about $75,000. Finally, R Squared Ltd boosted its stake in shares of CS Disco by 113.2% during the first quarter. R Squared Ltd now owns 20,033 shares of the company's stock worth $82,000 after buying an additional 10,637 shares during the period. 58.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of CS Disco in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $6.75.

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.

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