Swiss National Bank Decreases Position in CS Disco, Inc. (NYSE:LAW)

Swiss National Bank lessened its position in CS Disco, Inc. (NYSE:LAWFree Report) by 9.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 47,400 shares of the company’s stock after selling 5,100 shares during the period. Swiss National Bank owned about 0.08% of CS Disco worth $360,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC increased its holdings in CS Disco by 26.5% in the 4th quarter. SG Americas Securities LLC now owns 12,788 shares of the company’s stock worth $97,000 after buying an additional 2,681 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in CS Disco by 29.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,778 shares of the company’s stock worth $120,000 after buying an additional 3,600 shares in the last quarter. Nisa Investment Advisors LLC bought a new stake in CS Disco in the 4th quarter worth about $27,000. Fox Run Management L.L.C. bought a new stake in CS Disco in the 3rd quarter worth about $73,000. Finally, Worth Venture Partners LLC bought a new stake in CS Disco in the 3rd quarter worth about $89,000. Hedge funds and other institutional investors own 58.05% of the company’s stock.

CS Disco Stock Down 3.9 %

Shares of CS Disco stock opened at $5.85 on Monday. The stock’s fifty day moving average is $7.41 and its two-hundred day moving average is $7.37. CS Disco, Inc. has a 52 week low of $5.07 and a 52 week high of $10.77. The company has a market capitalization of $350.88 million, a PE ratio of -10.83 and a beta of 2.23.

CS Disco (NYSE:LAWGet Free Report) last issued its earnings results on Thursday, May 9th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.05). The company had revenue of $35.60 million for the quarter, compared to analysts’ expectations of $35.52 million. CS Disco had a negative net margin of 23.03% and a negative return on equity of 15.04%. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.32) earnings per share. As a group, research analysts anticipate that CS Disco, Inc. will post -0.69 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on LAW. Needham & Company LLC cut their price target on CS Disco from $15.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, May 10th. JPMorgan Chase & Co. began coverage on CS Disco in a research note on Monday, March 25th. They set a “neutral” rating and a $9.00 price target for the company. Finally, Piper Sandler boosted their price target on CS Disco from $6.50 to $7.50 and gave the company a “neutral” rating in a research note on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, CS Disco has an average rating of “Hold” and a consensus target price of $9.81.

Check Out Our Latest Stock Analysis on CS Disco

CS Disco Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for CS Disco (NYSE:LAW)

Receive News & Ratings for CS Disco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CS Disco and related companies with MarketBeat.com's FREE daily email newsletter.