Solel Partners LP Sells 343,547 Shares of CS Disco, Inc. (NYSE:LAW)

Solel Partners LP reduced its position in CS Disco, Inc. (NYSE:LAW - Free Report) by 23.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,148,734 shares of the company's stock after selling 343,547 shares during the period. CS Disco comprises approximately 1.1% of Solel Partners LP's holdings, making the stock its 18th biggest holding. Solel Partners LP owned 1.92% of CS Disco worth $5,732,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LAW. Pilgrim Partners Asia Pte Ltd purchased a new stake in CS Disco in the 4th quarter valued at about $43,000. R Squared Ltd purchased a new stake in CS Disco in the fourth quarter valued at approximately $47,000. Meeder Asset Management Inc. increased its position in CS Disco by 50.7% during the fourth quarter. Meeder Asset Management Inc. now owns 10,847 shares of the company's stock worth $54,000 after purchasing an additional 3,650 shares during the last quarter. Virtu Financial LLC acquired a new position in CS Disco in the fourth quarter valued at $54,000. Finally, Price T Rowe Associates Inc. MD acquired a new position in shares of CS Disco in the 4th quarter valued at about $59,000. 58.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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 Friday, February 21st.

Insider Transactions at CS Disco

In related news, CFO Michael Lafair sold 13,146 shares of the 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 sale, the chief financial officer now directly owns 865,793 shares of the company's stock, valued at $4,493,465.67. This represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders sold 22,995 shares of company stock valued at $118,818. Company insiders own 15.60% of the company's stock.

CS Disco Stock Performance

Shares of NYSE LAW traded up $0.01 during midday trading on Wednesday, reaching $3.55. 15,856 shares of the company's stock were exchanged, compared to its average volume of 156,317. The stock has a market capitalization of $215.87 million, a PE ratio of -3.84 and a beta of 2.05. CS Disco, Inc. has a 52-week low of $3.31 and a 52-week high of $8.20. The business's fifty day moving average price is $4.01 and its two-hundred day moving average price is $4.95.

CS Disco (NYSE:LAW - Get Free Report) last posted 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). CS Disco had a negative net margin of 38.51% and a negative return on equity of 22.30%. The firm had revenue of $37.00 million for the quarter, compared to analyst estimates of $36.03 million. Analysts predict that CS Disco, Inc. will post -0.64 earnings per share for the current fiscal 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.