Barclays PLC Boosts Position in CS Disco, Inc. (NYSE:LAW)

Barclays PLC boosted its holdings in shares of CS Disco, Inc. (NYSE:LAW) by 291.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 40,919 shares of the company’s stock after purchasing an additional 30,456 shares during the quarter. Barclays PLC’s holdings in CS Disco were worth $241,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of LAW. Dimensional Fund Advisors LP increased its holdings in shares of CS Disco by 34.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 666,437 shares of the company’s stock valued at $3,972,000 after purchasing an additional 170,496 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of CS Disco by 188.9% during the 2nd quarter. Renaissance Technologies LLC now owns 145,600 shares of the company’s stock valued at $868,000 after purchasing an additional 95,200 shares in the last quarter. ArrowMark Colorado Holdings LLC increased its holdings in shares of CS Disco by 9.2% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 954,328 shares of the company’s stock valued at $5,611,000 after purchasing an additional 80,496 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of CS Disco during the 3rd quarter valued at approximately $158,000. Finally, Algert Global LLC increased its holdings in shares of CS Disco by 35.4% during the 2nd quarter. Algert Global LLC now owns 100,587 shares of the company’s stock valued at $599,000 after purchasing an additional 26,293 shares in the last quarter. 58.05% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CS Disco

In other CS Disco news, CFO Michael Lafair sold 12,042 shares of CS Disco stock in a transaction on Monday, November 18th. The shares were sold at an average price of $5.40, for a total transaction of $65,026.80. Following the sale, the chief financial officer now owns 781,060 shares of the company’s stock, valued at $4,217,724. The trade was a 1.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 15.60% of the stock is owned by corporate insiders.

CS Disco Stock Performance

CS Disco stock opened at $4.95 on Monday. The company’s fifty day moving average price is $5.70 and its 200 day moving average price is $5.67. CS Disco, Inc. has a 1 year low of $4.71 and a 1 year high of $8.80. The stock has a market capitalization of $296.55 million, a P/E ratio of -8.25 and a beta of 2.04.

CS Disco (NYSE:LAW) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). CS Disco had a negative net margin of 25.36% and a negative return on equity of 19.20%. The company had revenue of $36.27 million during the quarter, compared to analyst estimates of $36.33 million. During the same period in the prior year, the business posted ($0.02) EPS. CS Disco’s revenue was up 3.8% compared to the same quarter last year. Sell-side analysts predict that CS Disco, Inc. will post -0.69 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LAW shares. Needham & Company LLC reaffirmed a “buy” rating and set a $8.00 target price on shares of CS Disco in a report on Monday, December 9th. Jefferies Financial Group lifted their target price on shares of CS Disco from $5.50 to $6.00 and gave the company a “hold” rating in a report on Tuesday, October 29th.

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.