Meeder Asset Management Inc. Acquires 3,650 Shares of CS Disco, Inc. (NYSE:LAW)

Meeder Asset Management Inc. raised its position in CS Disco, Inc. (NYSE:LAW) by 50.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,847 shares of the company’s stock after buying an additional 3,650 shares during the quarter. Meeder Asset Management Inc.’s holdings in CS Disco were worth $54,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in LAW. R Squared Ltd purchased a new stake in CS Disco in the 4th quarter worth about $47,000. Virtu Financial LLC purchased a new position in shares of CS Disco in the fourth quarter worth about $54,000. Raymond James Financial Inc. bought a new stake in shares of CS Disco in the fourth quarter valued at approximately $60,000. SG Americas Securities LLC bought a new stake in shares of CS Disco in the fourth quarter valued at approximately $65,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of CS Disco during the 4th quarter valued at approximately $67,000. Hedge funds and other institutional investors own 58.05% of the company’s stock.

CS Disco Trading Up 2.0 %

LAW stock opened at $4.17 on Wednesday. The firm has a 50 day moving average of $4.83 and a 200-day moving average of $5.37. The firm has a market capitalization of $251.80 million, a P/E ratio of -4.53 and a beta of 2.05. CS Disco, Inc. has a 12 month low of $3.98 and a 12 month high of $8.57.

CS Disco (NYSE:LAW) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.05). The firm had revenue of $37.00 million during the quarter, compared to the consensus estimate of $36.03 million. CS Disco had a negative net margin of 38.51% and a negative return on equity of 22.30%. Sell-side analysts predict that CS Disco, Inc. will post -0.64 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on LAW shares. Needham & Company LLC reissued a “buy” rating and set a $8.00 target price on shares of CS Disco in a report on Friday, February 21st. Jefferies Financial Group reduced their price target on CS Disco from $6.00 to $5.50 and set a “hold” rating for the company in a research report on Monday, January 6th.

Insider Activity at CS Disco

In other CS Disco news, CFO Michael Lafair sold 13,146 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $5.19, for a total value of $68,227.74. Following the sale, the chief financial officer now owns 865,793 shares of the company’s stock, valued at $4,493,465.67. This trade represents a 1.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last quarter, insiders sold 22,995 shares of company stock valued at $118,818. Company insiders own 15.60% of the company’s stock.

About CS Disco

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.