Occudo Quantitative Strategies LP Makes New $88,000 Investment in CS Disco, Inc. (NYSE:LAW)

Occudo Quantitative Strategies LP purchased a new position in shares of CS Disco, Inc. (NYSE:LAW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,673 shares of the company’s stock, valued at approximately $88,000.

Other large investors also recently bought and sold shares of the company. Deutsche Bank AG increased its holdings in shares of CS Disco by 61.3% in the 4th quarter. Deutsche Bank AG now owns 22,614 shares of the company’s stock valued at $113,000 after acquiring an additional 8,590 shares during the last quarter. D. E. Shaw & Co. Inc. increased its holdings in shares of CS Disco by 6.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 76,174 shares of the company’s stock valued at $380,000 after acquiring an additional 4,855 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in shares of CS Disco in the 4th quarter valued at about $139,000. Northern Trust Corp increased its holdings in shares of CS Disco by 6.0% in the 4th quarter. Northern Trust Corp now owns 258,228 shares of the company’s stock valued at $1,289,000 after acquiring an additional 14,681 shares during the last quarter. Finally, Two Sigma Securities LLC purchased a new position in shares of CS Disco in the 4th quarter valued at about $99,000. Hedge funds and other institutional investors own 58.05% of the company’s stock.

Insider Activity at CS Disco

In other CS Disco news, CFO Michael Lafair sold 13,146 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 approximately $4,493,465.67. This trade represents a 1.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 22,995 shares of company stock valued at $118,818 in the last three months. 16.10% of the stock is currently owned by company insiders.

CS Disco Stock Down 0.5%

Shares of NYSE LAW opened at $4.14 on Monday. The stock has a market cap of $251.68 million, a PE ratio of -4.50 and a beta of 2.05. CS Disco, Inc. has a 52-week low of $3.31 and a 52-week high of $6.64. The business has a 50-day moving average price of $3.91 and a 200 day moving average price of $4.84.

CS Disco (NYSE:LAW) last announced 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 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%. Sell-side analysts anticipate that CS Disco, Inc. will post -0.64 earnings per share for the current year.

Analyst Ratings Changes

Separately, Needham & Company LLC reiterated a “buy” rating and issued a $8.00 price objective on shares of CS Disco in a report on Thursday, May 8th.

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.