CS Disco, Inc. (NYSE:LAW) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP decreased its holdings in shares of CS Disco, Inc. (NYSE:LAW) by 20.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 35,160 shares of the company’s stock after selling 8,772 shares during the period. GSA Capital Partners LLP’s holdings in CS Disco were worth $207,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of LAW. nVerses Capital LLC purchased a new stake in shares of CS Disco in the second quarter valued at approximately $36,000. Meeder Asset Management Inc. acquired a new stake in shares of CS Disco in the second quarter valued at about $37,000. State Board of Administration of Florida Retirement System purchased a new stake in CS Disco during the first quarter worth about $83,000. Bleakley Financial Group LLC purchased a new stake in CS Disco during the third quarter worth about $67,000. Finally, The Manufacturers Life Insurance Company increased its holdings in CS Disco by 27.0% in the second quarter. The Manufacturers Life Insurance Company now owns 13,498 shares of the company’s stock valued at $80,000 after buying an additional 2,871 shares in the last quarter. 58.05% of the stock is owned by hedge funds and other institutional investors.

CS Disco Trading Up 4.3 %

Shares of LAW stock opened at $5.79 on Monday. The firm has a fifty day simple moving average of $5.86 and a 200-day simple moving average of $5.80. The company has a market capitalization of $346.87 million, a PE ratio of -9.65 and a beta of 2.07. CS Disco, Inc. has a twelve month low of $4.71 and a twelve month high of $8.80.

CS Disco (NYSE:LAW) last announced 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). CS Disco had a negative return on equity of 19.20% and a negative net margin of 25.36%. The firm had revenue of $36.27 million for the quarter, compared to the consensus estimate of $36.33 million. During the same quarter last year, the business earned ($0.02) earnings per share. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities research analysts predict that CS Disco, Inc. will post -0.69 EPS for the current year.

Wall Street Analyst Weigh In

LAW has been the subject of several recent research reports. Needham & Company LLC restated a “buy” rating and set a $8.00 target price on shares of CS Disco in a report on Thursday, November 7th. 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.

Insider Activity

In related news, CFO Michael Lafair sold 12,042 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 781,060 shares of the company’s stock, valued at approximately $4,217,724. This trade represents a 1.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company 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.