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

Barclays PLC increased its holdings in CS Disco, Inc. (NYSE:LAW) by 291.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,919 shares of the company’s stock after acquiring 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 SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of CS Disco by 34.4% in 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 raised its holdings in CS Disco by 188.9% in the second quarter. Renaissance Technologies LLC now owns 145,600 shares of the company’s stock valued at $868,000 after acquiring an additional 95,200 shares in the last quarter. ArrowMark Colorado Holdings LLC boosted its stake in 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 acquiring an additional 80,496 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in CS Disco during the 3rd quarter worth $158,000. Finally, Algert Global LLC increased its position in shares of CS Disco by 35.4% in the 2nd quarter. Algert Global LLC now owns 100,587 shares of the company’s stock worth $599,000 after purchasing an additional 26,293 shares during the last quarter. Hedge funds and other institutional investors own 58.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Jefferies Financial Group decreased their price target on CS Disco from $6.00 to $5.50 and set a “hold” rating for the company in a research note on Monday, January 6th. Needham & Company LLC reiterated a “buy” rating and issued a $8.00 price target on shares of CS Disco in a report on Monday, December 9th.

CS Disco Trading Down 0.3 %

NYSE:LAW opened at $4.92 on Tuesday. The firm has a market capitalization of $294.52 million, a PE ratio of -8.19 and a beta of 2.06. CS Disco, Inc. has a 52 week low of $4.67 and a 52 week high of $8.80. The stock has a 50 day moving average of $5.47 and a 200-day moving average of $5.62.

CS Disco (NYSE:LAW) last posted its 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). The company had revenue of $36.27 million during the quarter, compared to the consensus estimate of $36.33 million. CS Disco had a negative net margin of 25.36% and a negative return on equity of 19.20%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.02) earnings per share. As a group, analysts predict that CS Disco, Inc. will post -0.69 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Michael Lafair sold 12,042 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $5.40, for a total value of $65,026.80. Following the completion of the transaction, the chief financial officer now owns 781,060 shares of the company’s stock, valued at approximately $4,217,724. This represents a 1.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 15.60% of the stock is owned by insiders.

CS Disco Company Profile

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.