SG Americas Securities LLC Purchases New Stake in CS Disco, Inc. (NYSE:LAW)

SG Americas Securities LLC purchased a new stake in CS Disco, Inc. (NYSE:LAW) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 12,934 shares of the company’s stock, valued at approximately $65,000.

Several other hedge funds have also added to or reduced their stakes in the company. Franklin Resources Inc. boosted its holdings in CS Disco by 2.0% in the third quarter. Franklin Resources Inc. now owns 1,790,930 shares of the company’s stock valued at $10,710,000 after acquiring an additional 34,351 shares during the last quarter. ArrowMark Colorado Holdings LLC lifted its stake in CS Disco by 9.2% in the third quarter. ArrowMark Colorado Holdings LLC now owns 954,328 shares of the company’s stock valued at $5,611,000 after buying an additional 80,496 shares during the period. State Street Corp lifted its stake in CS Disco by 0.4% in the third 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 during the period. Charles Schwab Investment Management Inc. lifted its stake in CS Disco by 3.6% in the third 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 during the period. Finally, JPMorgan Chase & Co. lifted its stake in CS Disco by 104.1% in the third quarter. JPMorgan Chase & Co. now owns 198,746 shares of the company’s stock valued at $1,169,000 after buying an additional 101,391 shares during the period. Institutional investors own 58.05% of the company’s stock.

Insider Activity at CS Disco

In related news, CFO Michael Lafair sold 12,042 shares of CS Disco 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

CS Disco Price Performance

NYSE LAW opened at $5.49 on Friday. The firm has a market cap of $328.79 million, a P/E ratio of -9.15 and a beta of 2.06. The stock’s 50-day moving average is $5.25 and its 200-day moving average is $5.56. CS Disco, Inc. has a one year low of $4.67 and a one year high of $8.57.

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.