Jacobs Levy Equity Management Inc. Has $1.09 Million Stock Holdings in CS Disco, Inc. (NYSE:LAW)

Jacobs Levy Equity Management Inc. cut its stake in CS Disco, Inc. (NYSE:LAW - Free Report) by 27.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 219,221 shares of the company's stock after selling 84,313 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.37% of CS Disco worth $1,094,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Deutsche Bank AG increased its position in CS Disco by 61.3% during the fourth quarter. Deutsche Bank AG now owns 22,614 shares of the company's stock worth $113,000 after buying an additional 8,590 shares during the last quarter. D. E. Shaw & Co. Inc. increased its position in CS Disco by 6.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 76,174 shares of the company's stock worth $380,000 after buying an additional 4,855 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in CS Disco during the fourth quarter worth $139,000. Northern Trust Corp increased its position in CS Disco by 6.0% during the fourth quarter. Northern Trust Corp now owns 258,228 shares of the company's stock worth $1,289,000 after buying an additional 14,681 shares during the last quarter. Finally, Two Sigma Securities LLC acquired a new position in CS Disco during the fourth quarter worth $99,000. 58.05% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Eric Friedrichsen sold 118,054 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $3.93, for a total value of $463,952.22. Following the sale, the chief executive officer now directly owns 1,136,317 shares of the company's stock, valued at approximately $4,465,725.81. This trade represents a 9.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Melanie Antoon sold 7,155 shares of the firm's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $3.93, for a total value of $28,119.15. Following the completion of the sale, the executive vice president now directly owns 246,679 shares in the company, valued at approximately $969,448.47. This represents a 2.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 153,050 shares of company stock valued at $609,240. 16.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Needham & Company LLC reissued a "buy" rating and set a $8.00 target price on shares of CS Disco in a research report on Thursday, May 8th.

CS Disco Stock Performance

Shares of NYSE:LAW traded up $0.08 during midday trading on Thursday, hitting $3.95. The company's stock had a trading volume of 48,678 shares, compared to its average volume of 141,067. The stock has a market capitalization of $240.19 million, a price-to-earnings ratio of -4.29 and a beta of 2.05. The stock's 50 day simple moving average is $3.88 and its 200 day simple moving average is $4.81. CS Disco, Inc. has a fifty-two week low of $3.31 and a fifty-two week high of $6.64.

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). The business 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%. As a group, analysts anticipate that CS Disco, Inc. will post -0.64 EPS 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.