First Eagle Investment Management LLC Has $2.55 Million Stock Position in CS Disco, Inc. $LAW

First Eagle Investment Management LLC boosted its position in shares of CS Disco, Inc. (NYSE:LAW) by 100.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 328,719 shares of the company’s stock after buying an additional 164,873 shares during the quarter. First Eagle Investment Management LLC’s holdings in CS Disco were worth $2,551,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. CWM LLC grew its position in shares of CS Disco by 73.5% during the 3rd quarter. CWM LLC now owns 4,804 shares of the company’s stock worth $31,000 after buying an additional 2,035 shares during the period. Tower Research Capital LLC TRC lifted its holdings in CS Disco by 87.1% in the second quarter. Tower Research Capital LLC TRC now owns 9,968 shares of the company’s stock valued at $44,000 after buying an additional 4,639 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new position in CS Disco in the third quarter valued at approximately $62,000. Algert Global LLC bought a new position in CS Disco in the third quarter valued at approximately $70,000. Finally, Occudo Quantitative Strategies LP bought a new position in CS Disco in the second quarter valued at approximately $75,000. 58.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CS Disco

In other CS Disco news, EVP Karen Herckis sold 8,171 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $3.07, for a total value of $25,084.97. Following the completion of the transaction, the executive vice president directly owned 132,259 shares of the company’s stock, valued at approximately $406,035.13. The trade was a 5.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eric Friedrichsen purchased 9,000 shares of the stock in a transaction on Friday, May 8th. The stock was acquired at an average price of $3.97 per share, with a total value of $35,730.00. Following the completion of the acquisition, the chief executive officer directly owned 1,517,172 shares of the company’s stock, valued at approximately $6,023,172.84. This represents a 0.60% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have acquired 1,096,200 shares of company stock worth $3,499,703 and have sold 27,711 shares worth $85,073. 16.10% of the stock is owned by corporate insiders.

CS Disco Stock Performance

Shares of NYSE LAW opened at $3.52 on Thursday. CS Disco, Inc. has a 52-week low of $2.45 and a 52-week high of $9.11. The stock has a market cap of $225.42 million, a P/E ratio of -5.17 and a beta of 1.95. The firm has a 50 day moving average price of $4.08 and a 200 day moving average price of $5.60.

CS Disco (NYSE:LAW) last posted its earnings results on Wednesday, May 6th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.02. The company had revenue of $41.88 million for the quarter, compared to analyst estimates of $40.30 million. CS Disco had a negative net margin of 26.28% and a negative return on equity of 26.12%.

Analysts Set New Price Targets

LAW has been the subject of several recent research reports. Canaccord Genuity Group dropped their target price on shares of CS Disco from $9.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Needham & Company LLC restated a “buy” rating and issued a $10.00 price target on shares of CS Disco in a research report on Thursday, February 26th. Weiss Ratings raised CS Disco from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, April 29th. Finally, Wall Street Zen downgraded CS Disco from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $8.00.

CS Disco Company 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.