Topline Capital Management LLC Buys Shares of 1,909,829 CS Disco, Inc. (NYSE:LAW)

Topline Capital Management LLC purchased a new position in shares of CS Disco, Inc. (NYSE:LAW - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,909,829 shares of the company's stock, valued at approximately $9,530,000. CS Disco accounts for about 1.8% of Topline Capital Management LLC's portfolio, making the stock its 12th biggest holding. Topline Capital Management LLC owned about 3.19% of CS Disco at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. State Street Corp increased its holdings in CS Disco by 0.4% in the 3rd quarter. State Street Corp now owns 507,626 shares of the company's stock worth $2,985,000 after buying an additional 1,995 shares during the period. Jane Street Group LLC increased its stake in shares of CS Disco by 44.2% in the third quarter. Jane Street Group LLC now owns 45,339 shares of the company's stock worth $267,000 after acquiring an additional 13,894 shares during the period. Barclays PLC increased its stake in shares of CS Disco by 291.1% in the third quarter. Barclays PLC now owns 40,919 shares of the company's stock worth $241,000 after acquiring an additional 30,456 shares during the period. Franklin Resources Inc. lifted its position in CS Disco by 2.0% during the third quarter. Franklin Resources Inc. now owns 1,790,930 shares of the company's stock valued at $10,710,000 after purchasing an additional 34,351 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in CS Disco by 104.1% in the third quarter. JPMorgan Chase & Co. now owns 198,746 shares of the company's stock valued at $1,169,000 after purchasing an additional 101,391 shares during the last quarter. 58.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on LAW shares. Jefferies Financial Group reduced their price objective on CS Disco from $6.00 to $5.50 and set a "hold" rating for the company in a research note on Monday, January 6th. Needham & Company LLC reiterated a "buy" rating and set a $8.00 price target on shares of CS Disco in a research report on Friday, February 21st.

CS Disco Trading Down 2.4 %

LAW traded down $0.09 on Wednesday, reaching $3.67. The stock had a trading volume of 17,796 shares, compared to its average volume of 164,883. The business's 50-day moving average price is $4.15 and its two-hundred day moving average price is $5.04. CS Disco, Inc. has a 12-month low of $3.30 and a 12-month high of $8.20. The company has a market cap of $221.61 million, a P/E ratio of -3.99 and a beta of 2.04.

CS Disco (NYSE:LAW - Get Free Report) last released its quarterly 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 business had revenue of $37.00 million during the quarter, compared to analyst estimates of $36.03 million. As a group, analysts predict that CS Disco, Inc. will post -0.64 earnings per share for the current year.

Insider Buying and Selling

In other CS Disco news, CFO Michael Lafair sold 13,146 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $5.19, for a total transaction of $68,227.74. Following the completion of the transaction, the chief financial officer now owns 865,793 shares of the company's stock, valued at $4,493,465.67. This represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 22,995 shares of company stock worth $118,818 in the last 90 days. Insiders own 15.60% of the company's stock.

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.