Legato Capital Management LLC Takes Position in CS Disco, Inc. $LAW

Legato Capital Management LLC acquired a new stake in CS Disco, Inc. (NYSE:LAW) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 129,115 shares of the company’s stock, valued at approximately $834,000. Legato Capital Management LLC owned 0.21% of CS Disco as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. CWM LLC lifted its stake in CS Disco by 73.5% in the third quarter. CWM LLC now owns 4,804 shares of the company’s stock valued at $31,000 after buying an additional 2,035 shares in the last quarter. PDT Partners LLC lifted its position in CS Disco by 7.6% in the 2nd quarter. PDT Partners LLC now owns 33,795 shares of the company’s stock valued at $148,000 after acquiring an additional 2,388 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in CS Disco by 19.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 15,472 shares of the company’s stock worth $100,000 after purchasing an additional 2,504 shares during the period. Jane Street Group LLC increased its holdings in CS Disco by 5.9% during the 2nd quarter. Jane Street Group LLC now owns 47,260 shares of the company’s stock worth $207,000 after purchasing an additional 2,632 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its holdings in CS Disco by 28.8% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 14,988 shares of the company’s stock worth $97,000 after purchasing an additional 3,347 shares in the last quarter. 58.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on LAW. Wall Street Zen cut CS Disco from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CS Disco in a research report on Wednesday, January 21st. Canaccord Genuity Group decreased their price target on shares of CS Disco from $9.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Needham & Company LLC reissued a “buy” rating and issued a $10.00 price objective on shares of CS Disco in a research report on Thursday, February 26th. Finally, Jefferies Financial Group raised their target price on shares of CS Disco from $6.00 to $8.00 and gave the company a “hold” rating in a research report on Monday, January 5th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $8.00.

CS Disco Stock Up 12.2%

Shares of CS Disco stock opened at $3.95 on Wednesday. The stock has a market cap of $250.15 million, a P/E ratio of -5.49 and a beta of 2.15. CS Disco, Inc. has a 12-month low of $2.45 and a 12-month high of $9.11. The business’s 50 day moving average is $5.64 and its 200-day moving average is $6.23.

Insider Activity

In other CS Disco news, EVP Karen Herckis sold 8,171 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $3.07, for a total transaction of $25,084.97. Following the sale, the executive vice president directly owned 132,259 shares of the company’s stock, valued at approximately $406,035.13. This represents a 5.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Eric Friedrichsen purchased 15,500 shares of the business’s stock in a transaction on Friday, February 27th. The stock was purchased at an average price of $2.90 per share, with a total value of $44,950.00. Following the purchase, the chief executive officer owned 1,508,172 shares of the company’s stock, valued at approximately $4,373,698.80. The trade was a 1.04% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders purchased 1,090,200 shares of company stock valued at $3,475,943 and sold 27,711 shares valued at $85,073. 16.10% of the stock is owned by insiders.

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.