GSA Capital Partners LLP Purchases New Holdings in CS Disco, Inc. $LAW

GSA Capital Partners LLP acquired a new position in CS Disco, Inc. (NYSE:LAW) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 232,563 shares of the company’s stock, valued at approximately $879,000.

Several other institutional investors have also added to or reduced their stakes in LAW. Tower Research Capital LLC TRC boosted its position in shares of CS Disco by 87.1% during 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. Abel Hall LLC purchased a new stake in shares of CS Disco in the first quarter worth approximately $57,000. Algert Global LLC purchased a new stake in shares of CS Disco in the third quarter worth approximately $70,000. Occudo Quantitative Strategies LP bought a new stake in shares of CS Disco during the 2nd quarter worth approximately $75,000. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of CS Disco by 151.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 22,735 shares of the company’s stock worth $87,000 after acquiring an additional 13,700 shares during the last quarter. Institutional investors own 58.05% of the company’s stock.

Insider Transactions at CS Disco

In other news, CEO Eric Friedrichsen acquired 7,500 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were bought at an average price of $4.26 per share, with a total value of $31,950.00. Following the completion of the purchase, the chief executive officer directly owned 1,481,180 shares in the company, valued at $6,309,826.80. This trade represents a 0.51% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

LAW has been the topic of several research analyst reports. Wall Street Zen downgraded CS Disco from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded CS Disco from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 2nd. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $8.00.

CS Disco Price Performance

CS Disco stock opened at $4.42 on Wednesday. The stock has a market cap of $286.62 million, a price-to-earnings ratio of -7.01 and a beta of 1.90. The firm has a 50-day moving average of $3.91 and a two-hundred day moving average of $3.98. CS Disco, Inc. has a 1 year low of $2.45 and a 1 year high of $9.11.

CS Disco (NYSE:LAW) last issued its earnings results on Wednesday, August 5th. The company reported ($0.06) EPS for the quarter, hitting analysts’ consensus estimates of ($0.06). CS Disco had a negative net margin of 24.20% and a negative return on equity of 26.58%. The business had revenue of $43.15 million for the quarter, compared to analyst estimates of $43.10 million.

About CS Disco

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.