JPMorgan Chase & Co. Acquires 101,391 Shares of CS Disco, Inc. (NYSE:LAW)

JPMorgan Chase & Co. lifted its holdings in CS Disco, Inc. (NYSE:LAW) by 104.1% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 198,746 shares of the company’s stock after acquiring an additional 101,391 shares during the quarter. JPMorgan Chase & Co. owned 0.33% of CS Disco worth $1,169,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC boosted its position in 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 buying an additional 95,200 shares during the period. Barclays PLC grew its position in CS Disco by 291.1% during the 3rd quarter. Barclays PLC now owns 40,919 shares of the company’s stock worth $241,000 after acquiring an additional 30,456 shares during the last quarter. Jane Street Group LLC increased its stake in CS Disco by 44.2% in the 3rd quarter. Jane Street Group LLC now owns 45,339 shares of the company’s stock worth $267,000 after purchasing an additional 13,894 shares during the period. Bleakley Financial Group LLC purchased a new position in CS Disco in the 3rd quarter worth approximately $67,000. Finally, Dimensional Fund Advisors LP lifted its position in CS Disco by 34.4% in the second quarter. Dimensional Fund Advisors LP now owns 666,437 shares of the company’s stock valued at $3,972,000 after purchasing an additional 170,496 shares during the last quarter. Hedge funds and other institutional investors own 58.05% of the company’s stock.

Insiders Place Their Bets

In other CS Disco news, CFO Michael Lafair sold 12,042 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was 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 owns 781,060 shares of the company’s stock, valued at approximately $4,217,724. This trade represents a 1.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 15.60% of the company’s stock.

CS Disco Stock Down 1.2 %

Shares of LAW stock opened at $4.91 on Friday. The firm has a market capitalization of $294.16 million, a price-to-earnings ratio of -8.18 and a beta of 2.06. The stock has a fifty day moving average of $5.41 and a 200 day moving average of $5.60. CS Disco, Inc. has a 52 week low of $4.67 and a 52 week high of $8.69.

CS Disco (NYSE:LAW) last posted its earnings results on Wednesday, November 6th. The company reported ($0.15) 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 company had revenue of $36.27 million during the quarter, compared to analysts’ expectations of $36.33 million. During the same period in the prior year, the business posted ($0.02) earnings per share. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. Equities research analysts anticipate that CS Disco, Inc. will post -0.69 earnings per share for the current year.

Analysts Set New Price Targets

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

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.