After Effects Is Laggy And Slow

Good afternoon Adobe Community, So basically ever since I installed the latest version of After Effects which is 20.1 it has been laggy and slow whenever I use the toolbar to move something, type something, or even use the pen tool this is annoying because I checked my laptop, OneDrive and my Disk storage and they're all good so I have no idea as to why this is happening and I would love it if someone could tell me how to fix this immediately because like I said its annoying and frustrating so if anyone knows a solution PLEASE reply back to me ASAP. There is a screen recording below that I have provided if needed to get more clairty of the situation.

Thank you so much in advance,

Sincerely, Veda