Connor Clark & Lunn Investment Management Ltd. Makes New $158,000 Investment in CS Disco, Inc. (NYSE:LAW)

Connor Clark & Lunn Investment Management Ltd. bought a new stake in CS Disco, Inc. (NYSE:LAW) in the 3rd quarter, Holdings Channel.com reports. The firm bought 26,828 shares of the company’s stock, valued at approximately $158,000.

A number of other large investors have also recently made changes to their positions in the company. California State Teachers Retirement System increased its position in CS Disco by 6.9% during the first quarter. California State Teachers Retirement System now owns 26,808 shares of the company’s stock worth $218,000 after buying an additional 1,730 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of CS Disco by 27.0% in the second quarter. The Manufacturers Life Insurance Company now owns 13,498 shares of the company’s stock valued at $80,000 after acquiring an additional 2,871 shares during the period. Rhumbline Advisers grew its position in shares of CS Disco by 8.4% during the second quarter. Rhumbline Advisers now owns 38,105 shares of the company’s stock worth $227,000 after acquiring an additional 2,946 shares during the last quarter. American Century Companies Inc. raised its position in CS Disco by 16.8% in the 2nd quarter. American Century Companies Inc. now owns 32,180 shares of the company’s stock valued at $192,000 after purchasing an additional 4,632 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in CS Disco in the 2nd quarter valued at $36,000. 58.05% of the stock is owned by institutional investors and hedge funds.

CS Disco Price Performance

Shares of NYSE LAW opened at $5.92 on Monday. The company has a market cap of $354.66 million, a PE ratio of -9.87 and a beta of 2.07. The stock has a fifty day moving average price of $5.86 and a 200 day moving average price of $5.77. CS Disco, Inc. has a 1-year low of $4.71 and a 1-year high of $8.80.

CS Disco (NYSE:LAW) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). CS Disco had a negative return on equity of 19.20% and a negative net margin of 25.36%. The firm had revenue of $36.27 million for the quarter, compared to analysts’ expectations of $36.33 million. During the same quarter in the previous year, the company posted ($0.02) EPS. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. Analysts anticipate that CS Disco, Inc. will post -0.69 earnings per share for the current fiscal year.

Insider Buying and Selling at CS Disco

In other CS Disco news, CFO Michael Lafair sold 12,042 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $5.40, for a total transaction of $65,026.80. Following the transaction, the chief financial officer now owns 781,060 shares in the company, valued at approximately $4,217,724. The trade was a 1.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 15.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

LAW has been the topic of several research reports. Jefferies Financial Group raised their price objective on shares of CS Disco from $5.50 to $6.00 and gave the stock a “hold” rating in a research report on Tuesday, October 29th. Needham & Company LLC restated a “buy” rating and issued a $8.00 price target on shares of CS Disco in a research report on Thursday, November 7th.

About CS Disco

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.