CS Disco, Inc. (NYSE:LAW) Shares Bought by JPMorgan Chase & Co.

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

Several other institutional investors also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. grew its stake in CS Disco by 457.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 149,531 shares of the company's stock worth $746,000 after buying an additional 122,703 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of 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 acquiring an additional 34,351 shares in the last quarter. Barclays PLC raised its position in shares of CS Disco by 291.1% in the 3rd quarter. Barclays PLC now owns 40,919 shares of the company's stock valued at $241,000 after purchasing an additional 30,456 shares during the last quarter. Intech Investment Management LLC acquired a new stake in CS Disco in the 4th quarter worth approximately $73,000. Finally, Jane Street Group LLC grew its position in CS Disco by 44.2% during the 3rd quarter. Jane Street Group LLC now owns 45,339 shares of the company's stock worth $267,000 after purchasing an additional 13,894 shares during the last quarter. 58.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CS Disco

In other news, CFO Michael Lafair sold 13,146 shares of CS Disco stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 22,995 shares of company stock worth $118,818. 15.60% of the stock is owned by corporate insiders.

CS Disco Trading Down 1.3 %

NYSE LAW traded down $0.05 on Wednesday, hitting $3.71. 21,380 shares of the company's stock traded hands, compared to its average volume of 164,902. The firm's 50-day moving average price is $4.15 and its two-hundred day moving average price is $5.04. The firm has a market capitalization of $224.02 million, a PE ratio of -4.03 and a beta of 2.04. CS Disco, Inc. has a 1-year low of $3.30 and a 1-year high of $8.20.

CS Disco (NYSE:LAW - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.05). The business had revenue of $37.00 million for 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, research analysts anticipate that CS Disco, Inc. will post -0.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on LAW shares. Jefferies Financial Group decreased their price target on shares of CS Disco from $6.00 to $5.50 and set a "hold" rating for the company in a report on Monday, January 6th. Needham & Company LLC reaffirmed 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 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.