Charles Schwab Investment Management Inc. Has $1.02 Million Position in CS Disco, Inc. (NYSE:LAW)

Charles Schwab Investment Management Inc. lessened its position in CS Disco, Inc. (NYSE:LAW) by 6.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 204,034 shares of the company’s stock after selling 14,956 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.34% of CS Disco worth $1,018,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Rhumbline Advisers grew its stake in shares of CS Disco by 8.8% during the 4th quarter. Rhumbline Advisers now owns 41,156 shares of the company’s stock worth $205,000 after acquiring an additional 3,326 shares in the last quarter. R Squared Ltd acquired a new stake in CS Disco during the 4th quarter valued at $47,000. SG Americas Securities LLC acquired a new position in CS Disco in the 4th quarter valued at about $65,000. JPMorgan Chase & Co. grew its position in shares of 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 purchasing an additional 101,391 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in CS Disco by 2.0% in the 3rd quarter. Franklin Resources Inc. now owns 1,790,930 shares of the company’s stock valued at $10,710,000 after buying an additional 34,351 shares in the last quarter. Institutional investors own 58.05% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and set a $8.00 target price on shares of CS Disco in a report on Friday, February 21st. Jefferies Financial Group dropped their price objective on shares of CS Disco from $6.00 to $5.50 and set a “hold” rating for the company in a research note on Monday, January 6th.

CS Disco Price Performance

CS Disco stock opened at $4.14 on Monday. The firm has a market cap of $249.68 million, a PE ratio of -4.49 and a beta of 2.05. The stock’s fifty day moving average price is $4.87 and its two-hundred day moving average price is $5.39. CS Disco, Inc. has a one year low of $4.11 and a one year high of $8.57.

CS Disco (NYSE:LAW) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). CS Disco had a negative return on equity of 22.30% and a negative net margin of 38.51%. The company had revenue of $37.00 million during the quarter, compared to the consensus estimate of $36.03 million. Sell-side analysts expect that CS Disco, Inc. will post -0.64 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Michael Lafair sold 13,146 shares of CS Disco stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $5.19, for a total value of $68,227.74. Following the transaction, the chief financial officer now owns 865,793 shares in the company, valued at approximately $4,493,465.67. This trade represents a 1.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 22,995 shares of company stock worth $118,818. 15.60% of the stock is currently owned by corporate insiders.

CS Disco 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.