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Insider Buying: CS Disco (NYSE:LAW) Director Acquires 17,988 Shares of Stock

CS Disco logo with Computer and Technology background

Key Points

  • CS Disco Director Thomas Bogan purchased 17,988 shares at an average price of $5.98, resulting in a total transaction value of approximately $107,568.
  • The company has seen notable institutional interest, with firms like Tower Research Capital LLC increasing their stake in CS Disco by 87.1% during the second quarter.
  • CS Disco, Inc. offers cloud-native and AI-powered legal solutions for various legal processes, indicating its focus on technology-driven legal services.
  • Five stocks to consider instead of CS Disco.

CS Disco, Inc. (NYSE:LAW - Get Free Report) Director Thomas F. Bogan acquired 17,988 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was purchased at an average price of $5.98 per share, with a total value of $107,568.24. Following the transaction, the director owned 119,078 shares in the company, valued at $712,086.44. This represents a 17.79% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

CS Disco Stock Performance

LAW stock traded down $0.04 during midday trading on Friday, hitting $6.43. 497,200 shares of the company's stock were exchanged, compared to its average volume of 124,432. CS Disco, Inc. has a one year low of $3.31 and a one year high of $6.71. The company has a market cap of $396.99 million, a PE ratio of -6.84 and a beta of 2.08. The stock's fifty day moving average price is $4.90 and its 200-day moving average price is $4.34.

Hedge Funds Weigh In On CS Disco

Several institutional investors and hedge funds have recently modified their holdings of LAW. Price T Rowe Associates Inc. MD acquired a new stake in CS Disco during the 4th quarter worth approximately $59,000. Northern Trust Corp increased its position 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 worth $1,289,000 after acquiring an additional 14,681 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of CS Disco during the fourth quarter worth $139,000. D. E. Shaw & Co. Inc. raised its holdings 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 worth $380,000 after acquiring an additional 4,855 shares during the period. Finally, Deutsche Bank AG lifted its position in CS Disco by 61.3% in the 4th quarter. Deutsche Bank AG now owns 22,614 shares of the company's stock valued at $113,000 after acquiring an additional 8,590 shares in the last quarter. 58.05% of the stock is currently owned by institutional investors and hedge funds.

About CS Disco

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for CS Disco (NYSE:LAW)

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