CS Disco, Inc. (NYSE:LAW) Director Buys $126,956.06 in Stock

CS Disco, Inc. (NYSE:LAW) Director Scott A. Hill bought 23,554 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was bought at an average cost of $5.39 per share, for a total transaction of $126,956.06. Following the completion of the acquisition, the director now owns 187,615 shares in the company, valued at approximately $1,011,244.85. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

CS Disco Stock Up 2.6 %

NYSE:LAW opened at $5.46 on Friday. The business’s 50-day simple moving average is $5.64 and its two-hundred day simple moving average is $6.76. CS Disco, Inc. has a 52 week low of $4.92 and a 52 week high of $9.84. The stock has a market cap of $327.47 million, a PE ratio of -10.11 and a beta of 2.09.

Institutional Trading of CS Disco

Several institutional investors have recently made changes to their positions in LAW. California State Teachers Retirement System grew its holdings in CS Disco by 6.9% during the 1st quarter. California State Teachers Retirement System now owns 26,808 shares of the company’s stock valued at $218,000 after buying an additional 1,730 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of CS Disco by 42.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,020 shares of the company’s stock worth $46,000 after acquiring an additional 1,802 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in CS Disco by 27.0% during the second quarter. The Manufacturers Life Insurance Company now owns 13,498 shares of the company’s stock valued at $80,000 after acquiring an additional 2,871 shares in the last quarter. Rhumbline Advisers increased its holdings in CS Disco by 8.4% in the 2nd quarter. Rhumbline Advisers now owns 38,105 shares of the company’s stock valued at $227,000 after acquiring an additional 2,946 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in CS Disco by 29.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,778 shares of the company’s stock worth $120,000 after purchasing an additional 3,600 shares in the last quarter. Hedge funds and other institutional investors own 58.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LAW. JPMorgan Chase & Co. cut CS Disco from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $8.00 to $5.00 in a research report on Tuesday, July 2nd. Needham & Company LLC reduced their target price on shares of CS Disco from $11.00 to $8.00 and set a “buy” rating for the company in a report on Friday, August 9th.

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.