Charles Schwab Investment Management Inc. Sells 14,956 Shares of CS Disco, Inc. (NYSE:LAW)

Charles Schwab Investment Management Inc. cut its stake in shares of CS Disco, Inc. (NYSE:LAW) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 204,034 shares of the company’s stock after selling 14,956 shares during the period. Charles Schwab Investment Management Inc.’s holdings in CS Disco were worth $1,018,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. R Squared Ltd bought a new position in CS Disco in the fourth quarter valued at about $47,000. SG Americas Securities LLC acquired a new position in shares of CS Disco in the fourth quarter valued at approximately $65,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in CS Disco in the 3rd quarter valued at approximately $158,000. Barclays PLC boosted 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 buying an additional 30,456 shares during the period. Finally, Rhumbline Advisers grew its holdings in 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 during the last quarter. Institutional investors and hedge funds own 58.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and set a $8.00 price target on shares of CS Disco in a report on Friday, February 21st. Jefferies Financial Group lowered their target price on CS Disco from $6.00 to $5.50 and set a “hold” rating for the company in a research report on Monday, January 6th.

Insider Transactions at CS Disco

In other news, CFO Michael Lafair sold 13,146 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $5.19, for a total transaction of $68,227.74. Following the completion of the sale, the chief financial officer now owns 865,793 shares of the company’s stock, valued at $4,493,465.67. This trade represents a 1.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In the last ninety days, insiders sold 22,995 shares of company stock valued at $118,818. Corporate insiders own 15.60% of the company’s stock.

CS Disco Stock Performance

NYSE:LAW opened at $4.14 on Monday. CS Disco, Inc. has a fifty-two week low of $4.11 and a fifty-two week high of $8.57. The company has a 50 day simple moving average of $4.87 and a two-hundred day simple moving average of $5.39. The company has a market capitalization of $249.68 million, a PE ratio of -4.49 and a beta of 2.05.

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

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.