Barclays PLC Grows Position in CS Disco, Inc. (NYSE:LAW)

Barclays PLC grew its stake in CS Disco, Inc. (NYSE:LAWFree Report) by 291.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,919 shares of the company’s stock after acquiring an additional 30,456 shares during the quarter. Barclays PLC owned about 0.07% of CS Disco worth $241,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bleakley Financial Group LLC acquired a new position in CS Disco in the 3rd quarter valued at about $67,000. The Manufacturers Life Insurance Company grew its holdings in shares of CS Disco by 27.0% during the second quarter. The Manufacturers Life Insurance Company now owns 13,498 shares of the company’s stock worth $80,000 after buying an additional 2,871 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of CS Disco in the third quarter valued at approximately $158,000. American Century Companies Inc. lifted its stake in shares of CS Disco by 16.8% during the second quarter. American Century Companies Inc. now owns 32,180 shares of the company’s stock valued at $192,000 after buying an additional 4,632 shares during the period. Finally, Rhumbline Advisers boosted its position in CS Disco by 8.4% during the second quarter. Rhumbline Advisers now owns 38,105 shares of the company’s stock worth $227,000 after acquiring an additional 2,946 shares during the last quarter. 58.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Jefferies Financial Group cut their price target on CS Disco from $6.00 to $5.50 and set a “hold” rating for the company in a report on Monday, January 6th. Needham & Company LLC reiterated a “buy” rating and set a $8.00 target price on shares of CS Disco in a research report on Monday, December 9th.

Check Out Our Latest Analysis on CS Disco

Insider Buying and Selling

In related news, CFO Michael Lafair sold 12,042 shares of CS Disco stock in a transaction 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 transaction, the chief financial officer now owns 781,060 shares in the company, valued at approximately $4,217,724. The trade was a 1.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 15.60% of the company’s stock.

CS Disco Stock Down 0.3 %

NYSE:LAW opened at $4.92 on Tuesday. CS Disco, Inc. has a fifty-two week low of $4.67 and a fifty-two week high of $8.80. The firm’s 50 day moving average is $5.47 and its two-hundred day moving average is $5.62. The company has a market cap of $294.52 million, a P/E ratio of -8.19 and a beta of 2.06.

CS Disco (NYSE:LAWGet Free Report) last issued its earnings results on Wednesday, November 6th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). The firm had revenue of $36.27 million during the quarter, compared to analyst estimates of $36.33 million. CS Disco had a negative net margin of 25.36% and a negative return on equity of 19.20%. CS Disco’s 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) EPS. Research analysts forecast that CS Disco, Inc. will post -0.69 earnings per share for the current fiscal year.

CS Disco Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CS Disco (NYSE:LAW)

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