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

JPMorgan Chase & Co. lifted its holdings in CS Disco, Inc. (NYSE:LAW - Free Report) by 104.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 198,746 shares of the company's stock after purchasing an additional 101,391 shares during the quarter. JPMorgan Chase & Co. owned about 0.33% of CS Disco worth $1,169,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its stake in CS Disco by 34.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 666,437 shares of the company's stock worth $3,972,000 after acquiring an additional 170,496 shares during the last quarter. Renaissance Technologies LLC raised its stake in CS Disco by 188.9% in the 2nd quarter. Renaissance Technologies LLC now owns 145,600 shares of the company's stock worth $868,000 after acquiring an additional 95,200 shares during the last quarter. ArrowMark Colorado Holdings LLC raised its stake in CS Disco by 9.2% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 954,328 shares of the company's stock worth $5,611,000 after acquiring an additional 80,496 shares during the last quarter. Franklin Resources Inc. raised its stake in CS Disco by 2.0% in the 3rd quarter. Franklin Resources Inc. now owns 1,790,930 shares of the company's stock worth $10,710,000 after acquiring an additional 34,351 shares during the last quarter. Finally, Barclays PLC raised its stake in CS Disco by 291.1% in the 3rd quarter. Barclays PLC now owns 40,919 shares of the company's stock worth $241,000 after acquiring an additional 30,456 shares during the last quarter. Institutional investors and hedge funds own 58.05% of the company's stock.

CS Disco Trading Down 1.2 %

Shares of NYSE LAW traded down $0.06 during trading on Friday, reaching $4.91. 64,448 shares of the company traded hands, compared to its average volume of 120,855. CS Disco, Inc. has a 12-month low of $4.67 and a 12-month high of $8.69. The firm's fifty day simple moving average is $5.41 and its 200 day simple moving average is $5.60. The stock has a market cap of $294.16 million, a P/E ratio of -8.18 and a beta of 2.06.

CS Disco (NYSE:LAW - Get Free Report) last announced its quarterly earnings results 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). CS Disco had a negative net margin of 25.36% and a negative return on equity of 19.20%. The business had revenue of $36.27 million during the quarter, compared to analysts' expectations of $36.33 million. During the same quarter in the prior year, the firm earned ($0.02) EPS. CS Disco's revenue for the quarter was up 3.8% on a year-over-year basis. As a group, research analysts expect that CS Disco, Inc. will post -0.69 EPS for the current year.

Insider Activity at CS Disco

In related news, CFO Michael Lafair sold 12,042 shares of CS Disco stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $5.40, for a total value of $65,026.80. Following the sale, the chief financial officer now directly owns 781,060 shares in the company, valued at approximately $4,217,724. The trade was a 1.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 15.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Jefferies Financial Group reduced their target price on CS Disco from $6.00 to $5.50 and set a "hold" rating for the company in a research note on Monday, January 6th. Needham & Company LLC reiterated a "buy" rating and set a $8.00 price objective on shares of CS Disco in a research note on Monday, December 9th.

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.