Price T Rowe Associates Inc. MD Takes $59,000 Position in CS Disco, Inc. (NYSE:LAW)

Price T Rowe Associates Inc. MD bought a new position in CS Disco, Inc. (NYSE:LAW) during the fourth quarter, Holdings Channel reports. The firm bought 11,724 shares of the company’s stock, valued at approximately $59,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank bought a new stake in CS Disco in the 4th quarter worth about $8,854,000. Formula Growth Ltd. grew its position in CS Disco by 23.0% in the 4th quarter. Formula Growth Ltd. now owns 750,000 shares of the company’s stock worth $3,742,000 after purchasing an additional 140,000 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in CS Disco by 457.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 149,531 shares of the company’s stock worth $746,000 after purchasing an additional 122,703 shares in the last quarter. JPMorgan Chase & Co. grew its position in CS Disco by 104.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 198,746 shares of the company’s stock worth $1,169,000 after purchasing an additional 101,391 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in CS Disco by 6.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 727,192 shares of the company’s stock worth $3,629,000 after purchasing an additional 41,631 shares in the last quarter. Institutional investors and hedge funds own 58.05% of the company’s stock.

CS Disco Stock Down 0.5%

CS Disco stock opened at $4.14 on Monday. CS Disco, Inc. has a twelve month low of $3.31 and a twelve month high of $6.64. The firm has a 50 day moving average price of $3.91 and a 200-day moving average price of $4.84. The company has a market capitalization of $251.68 million, a P/E ratio of -4.50 and a beta of 2.05.

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

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reaffirmed a “buy” rating and issued a $8.00 price objective on shares of CS Disco in a research report on Thursday, May 8th.

Insider Buying and Selling at CS Disco

In other CS Disco news, CFO Michael Lafair sold 13,146 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $5.19, for a total value of $68,227.74. Following the completion of the transaction, the chief financial officer now directly 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 document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 22,995 shares of company stock valued at $118,818 in the last three months. Company insiders own 16.10% of the company’s stock.

CS Disco Company 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.