CS Disco, Inc. (NYSE:LAW – Get Free Report) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 1,150,000 shares, a growth of 26.4% from the June 30th total of 909,500 shares. Currently, 5.1% of the company’s stock are sold short. Based on an average trading volume of 319,600 shares, the days-to-cover ratio is presently 3.6 days.
Institutional Trading of CS Disco
Several hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System lifted its position in CS Disco by 6.9% in the 1st quarter. California State Teachers Retirement System now owns 26,808 shares of the company’s stock valued at $218,000 after purchasing an additional 1,730 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in CS Disco in the 1st quarter valued at about $220,000. Vanguard Group Inc. lifted its position in CS Disco by 4.2% in the 1st quarter. Vanguard Group Inc. now owns 2,031,257 shares of the company’s stock valued at $16,514,000 after purchasing an additional 82,549 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new stake in CS Disco in the 1st quarter valued at about $83,000. Finally, Swiss National Bank lifted its position in CS Disco by 13.5% in the 1st quarter. Swiss National Bank now owns 53,800 shares of the company’s stock valued at $437,000 after purchasing an additional 6,400 shares during the last quarter. 58.05% of the stock is currently owned by institutional investors.
CS Disco Trading Up 0.2 %
Shares of CS Disco stock traded up $0.01 during trading hours on Tuesday, reaching $5.99. The company’s stock had a trading volume of 25,279 shares, compared to its average volume of 255,330. The company’s 50 day simple moving average is $5.79 and its 200 day simple moving average is $7.01. CS Disco has a one year low of $4.92 and a one year high of $10.77.
Analysts Set New Price Targets
LAW has been the topic of a number of research analyst reports. Needham & Company LLC reduced their price objective on shares of CS Disco from $15.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. JPMorgan Chase & Co. downgraded shares of CS Disco from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $8.00 to $5.00 in a research note on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $9.31.
Get Our Latest Analysis on LAW
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.
Read More
- Five stocks we like better than CS Disco
- Insider Buying Explained: What Investors Need to Know
- AbbVie Analysts Lead the Stock Higher as Humira Worries Recede
- How to Use Stock Screeners to Find Stocks
- Harley-Davidson Stock Revs Up With Billion Dollar Buyback Program
- How to Invest in Biotech Stocks
- Cruise Line Stock Sinks Despite Beating EPS and Raised Guidance
Receive News & Ratings for CS Disco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CS Disco and related companies with MarketBeat.com's FREE daily email newsletter.