Charles Schwab Investment Management Inc. Acquires 7,551 Shares of CS Disco, Inc. (NYSE:LAW)

Charles Schwab Investment Management Inc. increased its holdings in shares of CS Disco, Inc. (NYSE:LAW) by 3.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 218,990 shares of the company’s stock after buying an additional 7,551 shares during the period. Charles Schwab Investment Management Inc.’s holdings in CS Disco were worth $1,288,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. nVerses Capital LLC bought a new stake in shares of CS Disco during the 2nd quarter valued at $36,000. Meeder Asset Management Inc. bought a new stake in CS Disco in the second quarter valued at about $37,000. Bleakley Financial Group LLC acquired a new position in CS Disco in the third quarter valued at about $67,000. The Manufacturers Life Insurance Company boosted its holdings in CS Disco by 27.0% during the second quarter. The Manufacturers Life Insurance Company now owns 13,498 shares of the company’s stock worth $80,000 after buying an additional 2,871 shares during the last quarter. Finally, California State Teachers Retirement System grew its position in shares of CS Disco by 6.9% during the 1st 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. 58.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LAW. Needham & Company LLC reiterated a “buy” rating and issued a $8.00 price target on shares of CS Disco in a research report on Monday, December 9th. Jefferies Financial Group upped their target price on shares of CS Disco from $5.50 to $6.00 and gave the company a “hold” rating in a research note on Tuesday, October 29th.

Insider Transactions at CS Disco

In other CS Disco news, CFO Michael Lafair sold 12,042 shares of CS Disco stock in a transaction on Monday, November 18th. The shares were sold at an average price of $5.40, for a total value of $65,026.80. Following the sale, the chief financial officer now directly owns 781,060 shares in the company, valued at approximately $4,217,724. The trade was a 1.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 15.60% of the stock is owned by insiders.

CS Disco Trading Up 0.3 %

NYSE:LAW opened at $5.90 on Wednesday. The stock has a market cap of $353.46 million, a price-to-earnings ratio of -9.83 and a beta of 2.04. The stock has a 50-day moving average price of $5.92 and a two-hundred day moving average price of $5.74. CS Disco, Inc. has a 1 year low of $4.71 and a 1 year high of $8.80.

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

CS Disco 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.