Los Angeles Capital Management LLC Acquires Shares of 74,125 CS Disco, Inc. $LAW

Los Angeles Capital Management LLC bought a new stake in CS Disco, Inc. (NYSE:LAW) during the second quarter, HoldingsChannel.com reports. The firm bought 74,125 shares of the company’s stock, valued at approximately $324,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. R Squared Ltd raised its holdings in shares of CS Disco by 113.2% during the 1st quarter. R Squared Ltd now owns 20,033 shares of the company’s stock worth $82,000 after buying an additional 10,637 shares in the last quarter. Williams & Novak LLC grew its position in CS Disco by 25.0% in the second quarter. Williams & Novak LLC now owns 22,025 shares of the company’s stock valued at $96,000 after acquiring an additional 4,405 shares during the last quarter. Jane Street Group LLC grew its position in CS Disco by 51.6% in the first quarter. Jane Street Group LLC now owns 44,628 shares of the company’s stock valued at $183,000 after acquiring an additional 15,187 shares during the last quarter. Acadian Asset Management LLC acquired a new position in CS Disco during the first quarter worth about $195,000. Finally, Nuveen LLC bought a new position in shares of CS Disco in the first quarter worth about $200,000. Institutional investors own 58.05% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on LAW shares. Wall Street Zen raised shares of CS Disco from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings restated a “sell (d-)” rating on shares of CS Disco in a research report on Wednesday, October 8th. Finally, Needham & Company LLC upped their price target on shares of CS Disco from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, CS Disco currently has a consensus rating of “Hold” and a consensus price target of $7.75.

CS Disco Price Performance

NYSE:LAW opened at $6.88 on Monday. The firm’s 50 day simple moving average is $6.37 and its 200 day simple moving average is $5.05. CS Disco, Inc. has a one year low of $3.31 and a one year high of $7.35. The company has a market cap of $429.62 million, a PE ratio of -6.81 and a beta of 2.12.

CS Disco (NYSE:LAW) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.05. The firm had revenue of $40.92 million during the quarter, compared to analysts’ expectations of $38.52 million. CS Disco had a negative net margin of 40.00% and a negative return on equity of 26.05%. CS Disco has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts expect that CS Disco, Inc. will post -0.64 EPS for the current year.

Insiders Place Their Bets

In related news, Director Thomas F. Bogan bought 7,001 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was acquired at an average cost of $5.98 per share, with a total value of $41,865.98. Following the transaction, the director directly owned 171,090 shares in the company, valued at approximately $1,023,118.20. This trade represents a 4.27% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders acquired 93,500 shares of company stock valued at $552,604 in the last three months. Corporate insiders own 16.10% of the company’s stock.

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.