JPMorgan Chase & Co. Acquires 73,504 Shares of CS Disco, Inc. (NYSE:LAW)

JPMorgan Chase & Co. grew its stake in CS Disco, Inc. (NYSE:LAW - Free Report) by 37.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 272,250 shares of the company's stock after acquiring an additional 73,504 shares during the quarter. JPMorgan Chase & Co. owned 0.45% of CS Disco worth $1,359,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of LAW. Franklin Resources Inc. increased its stake in CS Disco by 2.0% during the 3rd 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 in the last quarter. State Street Corp increased its position in shares of CS Disco by 0.4% during the third quarter. State Street Corp now owns 507,626 shares of the company's stock valued at $2,985,000 after acquiring an additional 1,995 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in CS Disco by 457.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 149,531 shares of the company's stock worth $746,000 after acquiring an additional 122,703 shares during the last quarter. Jane Street Group LLC raised its holdings in CS Disco by 44.2% in the 3rd 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 last quarter. Finally, Rhumbline Advisers lifted its position in CS Disco by 8.8% in the 4th quarter. Rhumbline Advisers now owns 41,156 shares of the company's stock valued at $205,000 after acquiring an additional 3,326 shares in the last quarter. 58.05% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CS Disco

In other CS Disco news, CFO Michael Lafair sold 13,146 shares of CS Disco stock in a transaction 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 sale, the chief financial officer now directly owns 865,793 shares of the company's stock, valued at $4,493,465.67. The trade was a 1.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 22,995 shares of company stock worth $118,818 in the last 90 days. 15.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

LAW has been the topic of a number of recent analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $8.00 price target on shares of CS Disco in a report on Friday, February 21st. Jefferies Financial Group lowered their price target on CS Disco from $6.00 to $5.50 and set a "hold" rating on the stock in a report on Monday, January 6th.

CS Disco Stock Performance

Shares of CS Disco stock traded down $0.02 during trading hours on Thursday, hitting $3.72. The company's stock had a trading volume of 4,844 shares, compared to its average volume of 163,954. The business has a 50 day moving average price of $4.12 and a two-hundred day moving average price of $5.03. CS Disco, Inc. has a 12-month low of $3.31 and a 12-month high of $8.20. The company has a market cap of $224.32 million, a PE ratio of -4.04 and a beta of 2.04.

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 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 analysts' expectations of $36.03 million. CS Disco had a negative return on equity of 22.30% and a negative net margin of 38.51%. As a group, research analysts anticipate that CS Disco, Inc. will post -0.64 earnings per share for the current year.

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.