CS Disco, Inc. (NYSE:LAW) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP reduced its position in CS Disco, Inc. (NYSE:LAW) by 20.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,160 shares of the company’s stock after selling 8,772 shares during the period. GSA Capital Partners LLP owned about 0.06% of CS Disco worth $207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System acquired a new position in shares of CS Disco during the first quarter valued at approximately $83,000. Vanguard Group Inc. lifted its holdings in CS Disco by 4.2% in the 1st quarter. Vanguard Group Inc. now owns 2,031,257 shares of the company’s stock valued at $16,514,000 after purchasing an additional 82,549 shares in the last quarter. California State Teachers Retirement System grew its holdings in shares of CS Disco by 6.9% during the first quarter. California State Teachers Retirement System now owns 26,808 shares of the company’s stock worth $218,000 after buying an additional 1,730 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of CS Disco in the second quarter valued at about $36,000. Finally, Rhumbline Advisers lifted its stake in shares of CS Disco by 8.4% in the second quarter. Rhumbline Advisers now owns 38,105 shares of the company’s stock worth $227,000 after buying an additional 2,946 shares in the last quarter. 58.05% of the stock is owned by hedge funds and other institutional investors.

CS Disco Price Performance

Shares of NYSE LAW opened at $5.79 on Monday. The company has a market capitalization of $346.87 million, a P/E ratio of -9.65 and a beta of 2.07. The company has a 50 day simple moving average of $5.86 and a 200-day simple moving average of $5.80. CS Disco, Inc. has a 1 year low of $4.71 and a 1 year high of $8.80.

CS Disco (NYSE:LAW) last released its quarterly 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 business had revenue of $36.27 million for the quarter, compared to analysts’ expectations of $36.33 million. CS Disco had a negative return on equity of 19.20% and a negative net margin of 25.36%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.02) earnings per share. As a group, research analysts expect that CS Disco, Inc. will post -0.69 EPS for the current year.

Insider Activity

In other CS Disco news, CFO Michael Lafair sold 12,042 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $5.40, for a total value of $65,026.80. Following the completion of the transaction, the chief financial officer now owns 781,060 shares in the company, valued at $4,217,724. The trade was a 1.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 15.60% of the company’s stock.

Analyst Upgrades and Downgrades

LAW has been the subject of several research reports. Jefferies Financial Group upped their price objective on shares of CS Disco from $5.50 to $6.00 and gave the company a “hold” rating in a research note on Tuesday, October 29th. Needham & Company LLC reiterated a “buy” rating and set a $8.00 price objective on shares of CS Disco in a research report on Thursday, November 7th.

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.