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

Essex Investment Management Co. LLC bought a new stake in shares of CS Disco, Inc. (NYSE:LAW) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 443,942 shares of the company’s stock, valued at approximately $2,868,000. Essex Investment Management Co. LLC owned about 0.72% of CS Disco as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Topline Capital Management LLC raised its stake in CS Disco by 66.2% during the second quarter. Topline Capital Management LLC now owns 2,965,268 shares of the company’s stock valued at $12,958,000 after buying an additional 1,181,046 shares during the last quarter. Norges Bank bought a new position in shares of CS Disco during the second quarter valued at $2,863,000. Bridgeway Capital Management LLC raised its position in shares of CS Disco by 50.3% in the 2nd quarter. Bridgeway Capital Management LLC now owns 243,652 shares of the company’s stock worth $1,065,000 after purchasing an additional 81,500 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in CS Disco in the 2nd quarter worth about $324,000. Finally, Cubist Systematic Strategies LLC bought a new position in CS Disco in the 1st quarter worth about $216,000. Hedge funds and other institutional investors own 58.05% of the company’s stock.

CS Disco Stock Down 0.7%

LAW opened at $4.01 on Tuesday. The stock has a market capitalization of $250.58 million, a price-to-earnings ratio of -3.97 and a beta of 2.09. The firm has a 50 day moving average price of $7.18 and a 200-day moving average price of $6.34. CS Disco, Inc. has a twelve month low of $3.31 and a twelve month high of $9.11.

Analysts Set New Price Targets

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

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.