M&T Bank Corp Has $606,000 Stock Position in CS Disco, Inc. (NYSE:LAW)

M&T Bank Corp grew its stake in shares of CS Disco, Inc. (NYSE:LAW) by 19.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 102,898 shares of the company’s stock after acquiring an additional 16,535 shares during the period. M&T Bank Corp’s holdings in CS Disco were worth $606,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in LAW. Barclays PLC grew its holdings in CS Disco by 291.1% in the 3rd quarter. Barclays PLC now owns 40,919 shares of the company’s stock valued at $241,000 after buying an additional 30,456 shares in the last quarter. Jane Street Group LLC boosted its position in shares of CS Disco by 44.2% in the third quarter. Jane Street Group LLC now owns 45,339 shares of the company’s stock valued at $267,000 after acquiring an additional 13,894 shares during the period. State Street Corp grew its stake in shares of CS Disco by 0.4% in the third quarter. State Street Corp now owns 507,626 shares of the company’s stock valued at $2,985,000 after acquiring an additional 1,995 shares in the last quarter. ArrowMark Colorado Holdings LLC increased its position in CS Disco by 9.2% during the third quarter. ArrowMark Colorado Holdings LLC now owns 954,328 shares of the company’s stock worth $5,611,000 after acquiring an additional 80,496 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in CS Disco by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 218,990 shares of the company’s stock valued at $1,288,000 after purchasing an additional 7,551 shares during the period. Institutional investors own 58.05% of the company’s stock.

Insiders Place Their Bets

In other CS Disco news, CFO Michael Lafair sold 12,042 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $5.40, for a total value of $65,026.80. Following the sale, the chief financial officer now owns 781,060 shares in the company, valued at $4,217,724. This trade represents a 1.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 15.60% of the company’s stock.

Analyst Upgrades and Downgrades

LAW has been the topic of several recent research reports. Jefferies Financial Group lifted their price target on shares of CS Disco from $5.50 to $6.00 and gave the company a “hold” rating in a research report on Tuesday, October 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $8.00 price objective on shares of CS Disco in a report on Monday, December 9th.

CS Disco Price Performance

Shares of NYSE:LAW opened at $5.90 on Wednesday. CS Disco, Inc. has a 1 year low of $4.71 and a 1 year high of $8.80. The stock has a market capitalization of $353.46 million, a price-to-earnings ratio of -9.83 and a beta of 2.04. The company’s 50 day simple moving average is $5.92 and its 200 day simple moving average is $5.74.

CS Disco (NYSE:LAW) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.06). CS Disco had a negative net margin of 25.36% and a negative return on equity of 19.20%. The business had revenue of $36.27 million during the quarter, compared to the consensus estimate of $36.33 million. During the same quarter in the previous year, the business posted ($0.02) EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, analysts anticipate that CS Disco, Inc. will post -0.69 EPS for the current fiscal year.

CS Disco 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.