ArrowMark Colorado Holdings LLC Sells 193,672 Shares of CS Disco, Inc. (NYSE:LAW)

ArrowMark Colorado Holdings LLC lessened its stake in CS Disco, Inc. (NYSE:LAW - Free Report) by 20.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 760,656 shares of the company's stock after selling 193,672 shares during the quarter. ArrowMark Colorado Holdings LLC owned approximately 1.27% of CS Disco worth $3,796,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of CS Disco during the 4th quarter worth about $43,000. R Squared Ltd bought a new position in shares of CS Disco during the 4th quarter worth approximately $47,000. Meeder Asset Management Inc. increased its holdings in shares of CS Disco by 50.7% during the 4th 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 last quarter. Virtu Financial LLC bought a new stake in CS Disco in the 4th quarter valued at $54,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in CS Disco during the 4th quarter valued at $59,000. 58.05% of the stock is currently owned by institutional investors and hedge funds.

CS Disco Stock Down 3.1 %

Shares of CS Disco stock traded down $0.11 during trading on Tuesday, reaching $3.54. The company's stock had a trading volume of 45,273 shares, compared to its average volume of 156,876. The firm has a market cap of $215.08 million, a PE ratio of -3.84 and a beta of 2.05. CS Disco, Inc. has a 52 week low of $3.31 and a 52 week high of $8.20. The business's 50-day moving average price is $4.01 and its 200-day moving average price is $4.95.

CS Disco (NYSE:LAW - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.05). CS Disco had a negative net margin of 38.51% and a negative return on equity of 22.30%. The company had revenue of $37.00 million during the quarter, compared to the consensus estimate of $36.03 million. Equities analysts predict that CS Disco, Inc. will post -0.64 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on LAW. Needham & Company LLC reaffirmed a "buy" rating and set a $8.00 target price on shares of CS Disco in a report on Friday, February 21st. Jefferies Financial Group decreased their target price on CS Disco from $6.00 to $5.50 and set a "hold" rating on the stock in a research report on Monday, January 6th.

Insider Buying and Selling

In other CS Disco news, CFO Michael Lafair sold 13,146 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $5.19, for a total transaction of $68,227.74. Following the sale, the chief financial officer now directly owns 865,793 shares in the company, valued at $4,493,465.67. This represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders have sold 22,995 shares of company stock worth $118,818. Company insiders own 15.60% of the company's stock.

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.