10,749 Shares in CS Disco, Inc. (NYSE:LAW) Acquired by Virtu Financial LLC

Virtu Financial LLC purchased a new position in shares of CS Disco, Inc. (NYSE:LAW) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,749 shares of the company’s stock, valued at approximately $54,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of CS Disco during the third quarter worth $158,000. Charles Schwab Investment Management Inc. raised its stake in shares of CS Disco by 3.6% during the 3rd 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 last quarter. ArrowMark Colorado Holdings LLC lifted its holdings in shares of CS Disco by 9.2% in the 3rd 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 boosted its stake in shares of CS Disco by 0.4% in the third quarter. State Street Corp now owns 507,626 shares of the company’s stock worth $2,985,000 after buying an additional 1,995 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in CS Disco by 44.2% during the third quarter. Jane Street Group LLC now owns 45,339 shares of the company’s stock worth $267,000 after acquiring an additional 13,894 shares during the period. 58.05% of the stock is currently owned by institutional investors and hedge funds.

CS Disco Stock Down 1.2 %

Shares of NYSE LAW opened at $4.09 on Tuesday. The firm has a market cap of $246.97 million, a price-to-earnings ratio of -4.45 and a beta of 2.05. The company’s 50-day simple moving average is $4.85 and its 200-day simple moving average is $5.38. CS Disco, Inc. has a 52-week low of $3.98 and a 52-week high of $8.57.

CS Disco (NYSE:LAW) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $37.00 million during the quarter, compared to analyst estimates of $36.03 million. Equities research analysts anticipate that CS Disco, Inc. will post -0.64 EPS for the current fiscal year.

Insider Activity at CS Disco

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on LAW shares. Jefferies Financial Group lowered their price objective 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. Needham & Company LLC reissued a “buy” rating and set a $8.00 price target on shares of CS Disco in a report on Friday, February 21st.

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.