1,774,256 Shares in CS Disco, Inc. (NYSE:LAW) Purchased by Norges Bank

Norges Bank bought a new stake in CS Disco, Inc. (NYSE:LAW - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,774,256 shares of the company's stock, valued at approximately $8,854,000. Norges Bank owned 2.96% of CS Disco at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its position in shares of CS Disco by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 218,990 shares of the company's stock valued at $1,288,000 after acquiring an additional 7,551 shares during the period. State Street Corp increased its stake in CS Disco by 0.4% in the third quarter. State Street Corp now owns 507,626 shares of the company's stock valued at $2,985,000 after purchasing an additional 1,995 shares in the last quarter. Jane Street Group LLC raised its holdings in CS Disco by 44.2% in the third 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 period. Barclays PLC boosted its position in shares of CS Disco by 291.1% during the third quarter. Barclays PLC now owns 40,919 shares of the company's stock worth $241,000 after purchasing an additional 30,456 shares in the last quarter. Finally, M&T Bank Corp grew its holdings in shares of CS Disco by 19.1% in the 3rd quarter. M&T Bank Corp now owns 102,898 shares of the company's stock valued at $606,000 after buying an additional 16,535 shares during the period. Institutional investors own 58.05% of the company's stock.

Insider Buying and Selling at CS Disco

In other 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 completion of 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders have sold 22,995 shares of company stock worth $118,818. Corporate insiders own 15.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on LAW shares. Needham & Company LLC reaffirmed a "buy" rating and set a $8.00 price objective on shares of CS Disco in a research note on Friday, February 21st. Jefferies Financial Group dropped their price target 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.

CS Disco Stock Down 0.7 %

Shares of NYSE:LAW traded down $0.03 during midday trading on Friday, reaching $3.50. 98,868 shares of the company were exchanged, compared to its average volume of 182,505. The firm has a market cap of $211.04 million, a PE ratio of -3.80 and a beta of 2.04. CS Disco, Inc. has a fifty-two week low of $3.42 and a fifty-two week high of $8.20. The stock has a fifty day simple moving average of $4.56 and a two-hundred day simple moving average of $5.23.

CS Disco (NYSE:LAW - Get Free Report) last released 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 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%. As a group, analysts forecast that CS Disco, Inc. will post -0.64 earnings per share for the current year.

CS Disco Company 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.