CS Disco, Inc. (NYSE:LAW - Get Free Report) saw a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 609,900 shares, a drop of 20.2% from the October 15th total of 763,900 shares. Based on an average daily volume of 123,200 shares, the short-interest ratio is presently 5.0 days. Approximately 2.8% of the shares of the company are short sold.
Hedge Funds Weigh In On CS Disco
A number of institutional investors and hedge funds have recently bought and sold shares of LAW. Vanguard Group Inc. lifted its position in CS Disco by 4.2% during the 1st quarter. Vanguard Group Inc. now owns 2,031,257 shares of the company's stock worth $16,514,000 after buying an additional 82,549 shares in the last quarter. ArrowMark Colorado Holdings LLC grew its stake in shares of CS Disco by 9.2% during the third quarter. ArrowMark Colorado Holdings LLC now owns 954,328 shares of the company's stock valued at $5,611,000 after purchasing an additional 80,496 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of CS Disco by 34.4% in the second quarter. Dimensional Fund Advisors LP now owns 666,437 shares of the company's stock valued at $3,972,000 after purchasing an additional 170,496 shares in the last quarter. State Street Corp raised its position in CS Disco by 0.4% in the 3rd quarter. State Street Corp now owns 507,626 shares of the company's stock worth $2,985,000 after purchasing an additional 1,995 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in 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 buying an additional 7,551 shares during the last quarter. Institutional investors and hedge funds own 58.05% of the company's stock.
Analyst Ratings Changes
A number of research firms have issued reports on LAW. Jefferies Financial Group upped their price target on shares of CS Disco from $5.50 to $6.00 and gave the company a "hold" rating in a report on Tuesday, October 29th. Needham & Company LLC reissued a "buy" rating and issued a $8.00 price objective on shares of CS Disco in a research report on Thursday, November 7th.
View Our Latest Report on LAW
CS Disco Stock Performance
Shares of NYSE:LAW traded down $0.20 on Friday, hitting $5.48. The stock had a trading volume of 200,062 shares, compared to its average volume of 213,553. The company has a market capitalization of $328.30 million, a price-to-earnings ratio of -9.17 and a beta of 2.07. The firm's 50 day moving average price is $5.84 and its 200-day moving average price is $5.92. CS Disco has a twelve month low of $4.71 and a twelve month high of $8.80.
CS Disco (NYSE:LAW - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.06). The firm had revenue of $36.27 million for the quarter, compared to the consensus estimate of $36.33 million. CS Disco had a negative return on equity of 19.20% and a negative net margin of 25.36%. CS Disco's quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.02) earnings per share. As a group, sell-side analysts predict that CS Disco will post -0.69 EPS for the current year.
CS Disco Company Profile
(
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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.
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