05:51 PM EDT, 03/14/2024 (MT Newswires) -- CS Disco ( LAW ) late Thursday said it has authorized the repurchase of up to $20 million of its outstanding common stock.

In a statement, Chief Executive Scott Hill said board members believe the legal software company shares are undervalued and that the stock buyback program would be a "prudent" use of its capital.

CS Disco ( LAW ) shares were almost 4% higher in after-hours trading, eclipsing a fractional decline during Thursday's regular session.

Price: 7.14, Change: +0.25, Percent Change: +3.63