Jane Street Group LLC Sells 15,898 Shares of CS Disco, Inc. (NYSE:LAW)

Jane Street Group LLC lessened its holdings in shares of CS Disco, Inc. (NYSE:LAW) by 35.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,441 shares of the company’s stock after selling 15,898 shares during the quarter. Jane Street Group LLC’s holdings in CS Disco were worth $147,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of LAW. Wells Fargo & Company MN lifted its position in CS Disco by 13.6% in the 4th quarter. Wells Fargo & Company MN now owns 23,210 shares of the company’s stock worth $116,000 after buying an additional 2,781 shares during the last quarter. Rhumbline Advisers lifted its stake in CS Disco by 8.8% in 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 period. Meeder Asset Management Inc. lifted its stake in CS Disco by 50.7% in the fourth quarter. Meeder Asset Management Inc. now owns 10,847 shares of the company’s stock worth $54,000 after acquiring an additional 3,650 shares during the period. Barclays PLC lifted its stake in CS Disco by 10.4% in the fourth quarter. Barclays PLC now owns 45,188 shares of the company’s stock worth $226,000 after acquiring an additional 4,269 shares during the period. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in CS Disco during the fourth quarter valued at $43,000. Institutional investors own 58.05% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In other CS Disco news, EVP Melanie Antoon sold 7,155 shares of the stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $3.93, for a total value of $28,119.15. Following the completion of the sale, the executive vice president now directly owns 246,679 shares in the company, valued at approximately $969,448.47. This trade represents a 2.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Eric Friedrichsen sold 118,054 shares of the firm’s stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $3.93, for a total value of $463,952.22. Following the completion of the transaction, the chief executive officer now owns 1,136,317 shares of the company’s stock, valued at approximately $4,465,725.81. The trade was a 9.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 146,479 shares of company stock worth $575,662 in the last three months. 16.10% of the stock is owned by insiders.

CS Disco Trading Up 5.6%

NYSE LAW opened at $4.45 on Friday. CS Disco, Inc. has a 12 month low of $3.31 and a 12 month high of $6.64. The company’s 50-day moving average price is $3.80 and its 200-day moving average price is $4.66. The stock has a market cap of $270.29 million, a PE ratio of -4.83 and a beta of 2.04.

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.