Strs Ohio Takes $216,000 Position in CS Disco, Inc. $LAW

Key Points

• Strs Ohio has acquired a new position in CS Disco, Inc., purchasing 52,800 shares valued at approximately $216,000, representing 0.09% of the company.
• Other hedge funds have recently increased their stakes in CS Disco, with notable acquisitions by Northern Trust Corp and Matthew Goff Investment Advisor LLC, reflecting growing institutional interest in the company.
• Insider selling activity has been noted, with EVP Richard Francis Crum and EVP Karen Herckis both selling shares at an average price of $4.82, indicating potential shifts in insider sentiment.

Strs Ohio bought a new stake in shares of CS Disco, Inc. (NYSE:LAW - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 52,800 shares of the company's stock, valued at approximately $216,000. Strs Ohio owned 0.09% of CS Disco as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the business. Northern Trust Corp increased its stake in shares of CS Disco by 6.0% during the fourth quarter. Northern Trust Corp now owns 258,228 shares of the company's stock valued at $1,289,000 after buying an additional 14,681 shares during the period. Whetstone Capital Advisors LLC purchased a new position in shares of CS Disco during the first quarter valued at approximately $761,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of CS Disco by 11.3% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 166,376 shares of the company's stock valued at $680,000 after buying an additional 16,845 shares during the period. Matthew Goff Investment Advisor LLC increased its stake in shares of CS Disco by 76.6% during the first quarter. Matthew Goff Investment Advisor LLC now owns 107,019 shares of the company's stock valued at $438,000 after buying an additional 46,413 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of CS Disco during the first quarter valued at approximately $216,000. 58.05% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Richard Francis Crum sold 10,552 shares of the company's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $4.82, for a total value of $50,860.64. Following the sale, the executive vice president directly owned 233,949 shares of the company's stock, valued at $1,127,634.18. This represents a 4.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Karen Herckis sold 5,677 shares of the company's stock in a transaction on 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 directly owned 146,256 shares in the company, valued at approximately $704,953.92. The trade was a 3.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,971 shares of company stock valued at $183,020 over the last 90 days. 16.10% of the stock is currently owned by company insiders.

CS Disco Stock Up 0.3%

Shares of LAW stock opened at $6.49 on Thursday. The stock has a market cap of $400.69 million, a price-to-earnings ratio of -6.90 and a beta of 2.08. The business's fifty day moving average is $5.05 and its 200 day moving average is $4.38. CS Disco, Inc. has a twelve month low of $3.31 and a twelve month high of $6.81.

CS Disco 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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