Renaissance Technologies LLC increased its holdings in shares of CS Disco, Inc. (NYSE:LAW – Free Report) by 188.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 145,600 shares of the company’s stock after purchasing an additional 95,200 shares during the quarter. Renaissance Technologies LLC owned approximately 0.24% of CS Disco worth $868,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in LAW. nVerses Capital LLC bought a new position in CS Disco in the 2nd quarter valued at about $36,000. Meeder Asset Management Inc. bought a new stake in CS Disco during the 2nd quarter valued at $37,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of CS Disco in the first quarter valued at about $52,000. State Board of Administration of Florida Retirement System purchased a new stake in shares of CS Disco in the first quarter valued at about $83,000. Finally, American Century Companies Inc. grew its position in 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. Institutional investors and hedge funds own 58.05% of the company’s stock.
Insider Transactions at CS Disco
In related news, Director Scott A. Hill acquired 23,554 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were bought at an average price of $5.39 per share, with a total value of $126,956.06. Following the completion of the transaction, the director now directly owns 187,615 shares in the company, valued at $1,011,244.85. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 22.30% of the company’s stock.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on CS Disco
CS Disco Stock Performance
Shares of NYSE:LAW opened at $5.94 on Tuesday. The business has a 50-day simple moving average of $5.59 and a two-hundred day simple moving average of $6.29. The firm has a market cap of $355.96 million, a price-to-earnings ratio of -10.98 and a beta of 2.09. CS Disco, Inc. has a fifty-two week low of $4.71 and a fifty-two week high of $8.80.
CS Disco (NYSE:LAW – Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.01. CS Disco had a negative return on equity of 14.18% and a negative net margin of 19.88%. The business had revenue of $36.01 million during the quarter, compared to the consensus estimate of $35.52 million. As a group, research analysts predict that CS Disco, Inc. will post -0.71 earnings per share for the current year.
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.
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