Insider Buying: CS Disco (NYSE:LAW) Director Acquires $81,396.00 in Stock

CS Disco, Inc. (NYSE:LAW) Director Thomas Bogan bought 13,680 shares of CS Disco stock in a transaction on Tuesday, October 7th. The stock was purchased at an average price of $5.95 per share, with a total value of $81,396.00. Following the completion of the acquisition, the director directly owned 139,258 shares of the company’s stock, valued at $828,585.10. This represents a 10.89% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

CS Disco Stock Performance

Shares of CS Disco stock opened at $6.09 on Friday. The company has a market capitalization of $376.00 million, a PE ratio of -6.48 and a beta of 2.12. The company has a 50-day simple moving average of $5.57 and a two-hundred day simple moving average of $4.54. CS Disco, Inc. has a one year low of $3.31 and a one year high of $6.81.

Institutional Trading of CS Disco

Institutional investors have recently made changes to their positions in the business. Nuveen LLC acquired a new stake in CS Disco during the 1st quarter worth about $200,000. Whetstone Capital Advisors LLC acquired a new stake in CS Disco during the 1st quarter worth about $761,000. Strs Ohio acquired a new stake in CS Disco during the 1st quarter worth about $216,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in CS Disco by 11.3% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 166,376 shares of the company’s stock worth $680,000 after acquiring an additional 16,845 shares during the period. Finally, Two Sigma Investments LP acquired a new stake in CS Disco during the 4th quarter worth about $55,000. Institutional investors and hedge funds own 58.05% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of CS Disco in a research report on Wednesday. One 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.