ArrowMark Colorado Holdings LLC Acquires 80,496 Shares of CS Disco, Inc. (NYSE:LAW)

ArrowMark Colorado Holdings LLC boosted its holdings in shares of CS Disco, Inc. (NYSE:LAW) by 9.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 954,328 shares of the company’s stock after buying an additional 80,496 shares during the period. ArrowMark Colorado Holdings LLC’s holdings in CS Disco were worth $5,611,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of LAW. Vanguard Group Inc. increased its holdings in shares of CS Disco by 4.2% during the 1st quarter. Vanguard Group Inc. now owns 2,031,257 shares of the company’s stock valued at $16,514,000 after acquiring an additional 82,549 shares during the last quarter. California State Teachers Retirement System lifted its stake in shares of CS Disco by 6.9% in 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 last quarter. nVerses Capital LLC bought a new stake in shares of CS Disco during the 2nd quarter worth $36,000. Rhumbline Advisers grew its stake in CS Disco by 8.4% in the 2nd quarter. Rhumbline Advisers now owns 38,105 shares of the company’s stock valued at $227,000 after buying an additional 2,946 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in CS Disco by 16.8% in the 2nd quarter. American Century Companies Inc. now owns 32,180 shares of the company’s stock worth $192,000 after acquiring an additional 4,632 shares during the period. 58.05% of the stock is currently owned by institutional investors.

Insider Activity at CS Disco

In related news, CFO Michael Lafair sold 12,042 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $5.40, for a total value of $65,026.80. Following the sale, the chief financial officer now owns 781,060 shares of the company’s stock, valued at $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 available through this hyperlink. 15.60% of the stock is currently owned by insiders.

CS Disco Price Performance

Shares of NYSE:LAW opened at $6.01 on Tuesday. CS Disco, Inc. has a 1-year low of $4.71 and a 1-year high of $8.80. The business’s 50 day moving average is $5.86 and its 200-day moving average is $5.76.

CS Disco (NYSE:LAW) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.15) earnings per share 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 business had revenue of $36.27 million for the quarter, compared to analyst estimates of $36.33 million. During the same quarter in the prior year, the firm earned ($0.02) EPS. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, analysts anticipate that CS Disco, Inc. will post -0.69 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LAW. Jefferies Financial Group lifted their price objective on CS Disco from $5.50 to $6.00 and gave the stock a “hold” rating in a research note on Tuesday, October 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $8.00 target price on shares of CS Disco in a research report on Thursday, November 7th.

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.