Nuveen LLC Takes $200,000 Position in CS Disco, Inc. $LAW

Key Points

• Nuveen LLC acquired 48,910 shares of CS Disco, Inc. in the 1st quarter, valued at approximately $200,000, marking their first investment in the company.
• A significant portion of CS Disco's shares, 58.05%, are owned by institutional investors and hedge funds, reflecting heightened interest in the stock.
• CS Disco's current stock price is $5.54, with a one-year high of $6.64 and a low of $3.31, indicating potential volatility in its market performance.

Nuveen LLC acquired a new stake in shares of CS Disco, Inc. (NYSE:LAW - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 48,910 shares of the company's stock, valued at approximately $200,000. Nuveen LLC owned approximately 0.08% of CS Disco at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Two Sigma Investments LP bought a new stake in shares of CS Disco in the 4th quarter valued at about $55,000. Price T Rowe Associates Inc. MD purchased a new stake in CS Disco during the fourth quarter valued at approximately $59,000. Raymond James Financial Inc. acquired a new stake in CS Disco in the fourth quarter valued at approximately $60,000. Two Sigma Advisers LP purchased a new position in CS Disco in the fourth quarter worth $86,000. Finally, Occudo Quantitative Strategies LP acquired a new position in shares of CS Disco during the fourth quarter worth $88,000. 58.05% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other CS Disco news, EVP Karen Herckis sold 5,677 shares of the firm's stock in a transaction dated 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 approximately $704,953.92. This trade represents a 3.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Melanie Antoon sold 6,898 shares of the company's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $4.82, for a total transaction of $33,248.36. Following the transaction, the executive vice president owned 239,781 shares in the company, 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. Insiders sold a total of 37,971 shares of company stock worth $183,020 in the last three months. Insiders own 16.10% of the company's stock.

CS Disco Trading Up 5.0%

Shares of LAW traded up $0.28 during midday trading on Thursday, hitting $5.83. 98,298 shares of the company's stock traded hands, compared to its average volume of 119,452. The stock has a market capitalization of $359.64 million, a price-to-earnings ratio of -6.20 and a beta of 2.08. CS Disco, Inc. has a 1 year low of $3.31 and a 1 year high of $6.64. The firm's fifty day moving average is $4.68 and its 200-day moving average is $4.29.

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.