11,724 Shares in CS Disco, Inc. (NYSE:LAW) Acquired by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD acquired a new position in shares of CS Disco, Inc. (NYSE:LAW) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 11,724 shares of the company’s stock, valued at approximately $59,000.

Other large investors have also recently bought and sold shares of the company. Barclays PLC increased its position in shares of CS Disco by 291.1% in the 3rd quarter. Barclays PLC now owns 40,919 shares of the company’s stock valued at $241,000 after buying an additional 30,456 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in CS Disco by 104.1% during the third 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 during the period. SG Americas Securities LLC bought a new position in CS Disco during the fourth quarter worth about $65,000. R Squared Ltd bought a new position in CS Disco during the fourth quarter worth about $47,000. Finally, Rhumbline Advisers lifted its position in CS Disco by 8.8% during the fourth 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.

Analyst Ratings Changes

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

CS Disco Price Performance

Shares of LAW opened at $4.14 on Monday. CS Disco, Inc. has a one year low of $3.31 and a one year high of $6.64. The company has a market cap of $251.68 million, a P/E ratio of -4.50 and a beta of 2.05. The firm has a 50 day simple moving average of $3.91 and a two-hundred day simple moving average of $4.84.

CS Disco (NYSE:LAW) last posted its earnings results on Thursday, February 20th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $37.00 million for the quarter, compared to the consensus estimate of $36.03 million. On average, analysts expect that CS Disco, Inc. will post -0.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Michael Lafair sold 13,146 shares of the business’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 transaction, the chief financial officer now owns 865,793 shares in the company, valued at $4,493,465.67. The trade was a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 22,995 shares of company stock valued at $118,818 over the last 90 days. 16.10% of the stock is owned by insiders.

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.