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

ArrowMark Colorado Holdings LLC cut its stake in shares of CS Disco, Inc. (NYSE:LAW - Free Report) by 20.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 760,656 shares of the company's stock after selling 193,672 shares during the period. ArrowMark Colorado Holdings LLC owned about 1.27% of CS Disco worth $3,796,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Topline Capital Management LLC acquired a new position in CS Disco during the fourth quarter worth $9,530,000. Franklin Resources Inc. grew its holdings in CS Disco by 2.0% during the 3rd quarter. Franklin Resources Inc. now owns 1,790,930 shares of the company's stock worth $10,710,000 after acquiring an additional 34,351 shares during the last quarter. Norges Bank acquired a new stake in CS Disco in the 4th quarter valued at about $8,854,000. Formula Growth Ltd. raised its stake in shares of CS Disco by 23.0% in the fourth quarter. Formula Growth Ltd. now owns 750,000 shares of the company's stock worth $3,742,000 after acquiring an additional 140,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of CS Disco by 6.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 727,192 shares of the company's stock valued at $3,629,000 after purchasing an additional 41,631 shares in the last quarter. 58.05% of the stock is owned by hedge funds and other institutional investors.

CS Disco Stock Down 2.0 %

NYSE LAW traded down $0.08 on Friday, hitting $3.91. The company's stock had a trading volume of 45,671 shares, compared to its average volume of 154,889. The firm has a market cap of $237.76 million, a PE ratio of -4.25 and a beta of 2.05. CS Disco, Inc. has a 1-year low of $3.31 and a 1-year high of $8.20. The company's 50-day moving average is $3.97 and its 200 day moving average is $4.93.

CS Disco (NYSE:LAW - Get Free Report) last released its 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). The firm had revenue of $37.00 million during the quarter, compared to analyst estimates of $36.03 million. CS Disco had a negative net margin of 38.51% and a negative return on equity of 22.30%. On average, equities analysts expect that CS Disco, Inc. will post -0.64 EPS for the current year.

Insider Buying and Selling

In other CS Disco news, CFO Michael Lafair sold 13,146 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $5.19, for a total value of $68,227.74. Following the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders have sold 22,995 shares of company stock valued at $118,818. 15.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reiterated a "buy" rating and issued a $8.00 price target on shares of CS Disco in a research report on Thursday.

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.