Essex Investment Management Co. LLC Acquires New Stake in CS Disco, Inc. $LAW

Essex Investment Management Co. LLC bought a new position in CS Disco, Inc. (NYSE:LAW) during the 3rd quarter, Holdings Channel.com reports. The fund bought 443,942 shares of the company’s stock, valued at approximately $2,868,000.

Other large investors have also made changes to their positions in the company. Cubist Systematic Strategies LLC purchased a new stake in shares of CS Disco during the 1st quarter valued at about $216,000. Jane Street Group LLC lifted its position in shares of CS Disco by 51.6% during the 1st quarter. Jane Street Group LLC now owns 44,628 shares of the company’s stock valued at $183,000 after buying an additional 15,187 shares in the last quarter. Acadian Asset Management LLC bought a new stake in CS Disco during the 1st quarter worth approximately $195,000. R Squared Ltd lifted its holdings in CS Disco by 136.9% during the second quarter. R Squared Ltd now owns 47,456 shares of the company’s stock valued at $207,000 after purchasing an additional 27,423 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of CS Disco in the second quarter worth approximately $324,000. 58.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wall Street Zen upgraded shares of CS Disco from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Needham & Company LLC raised their price target on CS Disco from $8.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Weiss Ratings restated a “sell (d-)” rating on shares of CS Disco in a research report on Wednesday, January 21st. Finally, Jefferies Financial Group increased their target price on CS Disco from $6.00 to $8.00 and gave the stock a “hold” rating in a research report on Monday, January 5th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $9.00.

CS Disco Stock Performance

Shares of NYSE LAW opened at $4.01 on Tuesday. The company has a market cap of $250.58 million, a P/E ratio of -3.97 and a beta of 2.09. CS Disco, Inc. has a 52-week low of $3.31 and a 52-week high of $9.11. The firm’s fifty day moving average is $7.18 and its two-hundred day moving average is $6.34.

CS Disco Profile

CS Disco, Inc is a provider of cloud-native, artificial intelligence-driven legal applications designed to streamline e-discovery, document review and compliance processes for law firms and corporate legal departments. The Austin, Texas–based company offers a unified platform that automates labor-intensive tasks using machine learning and predictive analytics, enabling legal professionals to process, search and review large volumes of data with greater speed and accuracy.

At the core of CS Disco’s product suite is its flagship e-discovery application, which supports early case assessment, data processing, review analytics and production workflows.