CS Disco, Inc. (NYSE:LAW) Position Boosted by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC grew its holdings in shares of CS Disco, Inc. (NYSE:LAW) by 9.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 954,328 shares of the company’s stock after acquiring an additional 80,496 shares during the quarter. ArrowMark Colorado Holdings LLC owned about 1.59% of CS Disco worth $5,611,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Dimensional Fund Advisors LP increased its stake in 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 buying an additional 170,496 shares during the period. Renaissance Technologies LLC increased its stake in shares of CS Disco by 188.9% during 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 during the period. Vanguard Group Inc. raised its holdings in CS Disco by 4.2% during the first quarter. Vanguard Group Inc. now owns 2,031,257 shares of the company’s stock worth $16,514,000 after purchasing an additional 82,549 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in CS Disco in the third quarter worth approximately $158,000. Finally, Algert Global LLC boosted its stake in 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. Institutional investors own 58.05% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on LAW shares. Needham & Company LLC restated a “buy” rating and issued a $8.00 price objective on shares of CS Disco in a report on Thursday, November 7th. Jefferies Financial Group upped their price target 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.

CS Disco Price Performance

LAW opened at $6.01 on Tuesday. The business has a fifty day simple moving average of $5.86 and a 200-day simple moving average of $5.76. CS Disco, Inc. has a fifty-two week low of $4.71 and a fifty-two week high of $8.80.

CS Disco (NYSE:LAW) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.06). The company had revenue of $36.27 million for the quarter, compared to analyst estimates of $36.33 million. CS Disco had a negative return on equity of 19.20% and a negative net margin of 25.36%. CS Disco’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.02) EPS. As a group, equities analysts expect that CS Disco, Inc. will post -0.69 EPS for the current year.

Insiders Place Their Bets

In other CS Disco news, CFO Michael Lafair sold 12,042 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $5.40, for a total value of $65,026.80. Following the transaction, the chief financial officer now owns 781,060 shares in the company, valued at approximately $4,217,724. This represents a 1.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 15.60% of the company’s stock.

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.