CS Disco (NYSE:LAW) Director Thomas Bogan Purchases 13,680 Shares

Key Points

• CS Disco Director Thomas Bogan purchased 13,680 shares of the company's stock at an average price of $5.95 each, increasing his total holdings to 139,258 shares.
• The stock has seen fluctuations, with a 12-month low of $3.31 and a high of $6.81, currently trading at $6.19.
• Institutional investors hold 58.05% of the company's stock, with several firms significantly increasing their positions during the second quarter.

CS Disco, Inc. (NYSE:LAW - Get Free Report) Director Thomas Bogan acquired 13,680 shares of the company's stock in a transaction dated Tuesday, October 7th. The stock was purchased at an average cost of $5.95 per share, with a total value of $81,396.00. Following the completion of the purchase, the director directly owned 139,258 shares of the company's stock, valued at approximately $828,585.10. This represents a 10.89% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

CS Disco Stock Performance

Shares of NYSE LAW remained flat at $6.19 during trading on Thursday. The stock had a trading volume of 123,513 shares, compared to its average volume of 136,922. CS Disco, Inc. has a twelve month low of $3.31 and a twelve month high of $6.81. The stock has a fifty day moving average price of $5.48 and a 200-day moving average price of $4.52. The stock has a market capitalization of $382.17 million, a P/E ratio of -6.59 and a beta of 2.12.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC boosted its position in shares of CS Disco by 87.1% during the 2nd 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 in the last quarter. Topline Capital Management LLC lifted its holdings in shares of CS Disco by 66.2% in the 2nd quarter. Topline Capital Management LLC now owns 2,965,268 shares of the company's stock valued at $12,958,000 after purchasing an additional 1,181,046 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in shares of CS Disco in the 2nd quarter valued at about $96,000. Bridgeway Capital Management LLC lifted its holdings in shares of CS Disco by 50.3% in the 2nd quarter. Bridgeway Capital Management LLC now owns 243,652 shares of the company's stock valued at $1,065,000 after purchasing an additional 81,500 shares during the last quarter. Finally, PDT Partners LLC lifted its holdings 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 valued at $148,000 after purchasing an additional 2,388 shares during the last quarter. 58.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of CS Disco in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, CS Disco presently has a consensus rating of "Hold" and an average 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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