Barclays PLC Acquires 30,456 Shares of CS Disco, Inc. (NYSE:LAW)

Barclays PLC boosted its holdings in shares of CS Disco, Inc. (NYSE:LAW) by 291.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,919 shares of the company’s stock after acquiring an additional 30,456 shares during the period. Barclays PLC owned about 0.07% of CS Disco worth $241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. ArrowMark Colorado Holdings LLC grew its holdings in CS Disco by 9.2% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 954,328 shares of the company’s stock worth $5,611,000 after acquiring an additional 80,496 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 buying an additional 170,496 shares in the last quarter. State Street Corp boosted its holdings in shares of CS Disco by 0.4% in the 3rd quarter. State Street Corp now owns 507,626 shares of the company’s stock valued at $2,985,000 after buying an additional 1,995 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of CS Disco by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 218,990 shares of the company’s stock valued at $1,288,000 after buying an additional 7,551 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of CS Disco by 188.9% in the 2nd quarter. Renaissance Technologies LLC now owns 145,600 shares of the company’s stock valued at $868,000 after buying an additional 95,200 shares in the last quarter. 58.05% of the stock is currently owned by institutional investors.

Insider Activity at CS Disco

In other CS Disco news, CFO Michael Lafair sold 12,042 shares of the firm’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 transaction of $65,026.80. Following the completion of the transaction, the chief financial officer now directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. 15.60% of the stock is currently owned by insiders.

CS Disco Stock Up 2.1 %

Shares of CS Disco stock opened at $4.95 on Monday. The firm has a market capitalization of $296.55 million, a P/E ratio of -8.25 and a beta of 2.04. The company has a 50 day moving average price of $5.70 and a 200 day moving average price of $5.67. CS Disco, Inc. has a 52 week low of $4.71 and a 52 week high of $8.80.

CS Disco (NYSE:LAW) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.06). The company had revenue of $36.27 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.02) earnings per share. As a group, research analysts anticipate that CS Disco, Inc. will post -0.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Jefferies Financial Group raised 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. Needham & Company LLC restated a “buy” rating and issued a $8.00 price target on shares of CS Disco in a report on Monday, December 9th.

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.