State Board of Administration of Florida Retirement System Takes $185,000 Position in CS Disco, Inc. (NYSE:LAW)

State Board of Administration of Florida Retirement System bought a new position in CS Disco, Inc. (NYSE:LAWGet Rating) in the second quarter, HoldingsChannel.com reports. The firm bought 10,270 shares of the company’s stock, valued at approximately $185,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LAW. Quantbot Technologies LP acquired a new position in CS Disco in the 1st quarter worth $33,000. Point72 Hong Kong Ltd acquired a new position in CS Disco in the 1st quarter worth $39,000. Ameritas Investment Partners Inc. boosted its stake in shares of CS Disco by 104.4% during the 1st quarter. Ameritas Investment Partners Inc. now owns 1,212 shares of the company’s stock worth $41,000 after buying an additional 619 shares during the last quarter. Capricorn Investment Group LLC acquired a new position in shares of CS Disco during the 2nd quarter worth about $52,000. Finally, Amalgamated Bank acquired a new position in shares of CS Disco during the 1st quarter worth about $59,000. 61.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LAW has been the subject of a number of recent research reports. Cowen downgraded shares of CS Disco from an “outperform” rating to a “market perform” rating in a research note on Friday, August 12th. Canaccord Genuity Group downgraded shares of CS Disco from a “buy” rating to a “hold” rating in a research note on Friday, August 12th. Citigroup reduced their price objective on shares of CS Disco from $27.00 to $18.00 and set a “buy” rating for the company in a research note on Tuesday, November 1st. Bank of America downgraded shares of CS Disco from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $34.00 to $25.00 in a research note on Friday, August 12th. Finally, Jefferies Financial Group dropped their target price on shares of CS Disco from $12.00 to $11.00 and set a “hold” rating on the stock in a report on Monday, October 31st. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, CS Disco currently has an average rating of “Hold” and a consensus price target of $22.31.

CS Disco Stock Down 0.8 %

CS Disco stock opened at $7.70 on Wednesday. The stock has a market cap of $454.59 million, a P/E ratio of -7.39 and a beta of 2.39. CS Disco, Inc. has a twelve month low of $7.34 and a twelve month high of $40.73. The company’s 50-day moving average price is $10.17 and its two-hundred day moving average price is $17.02.

CS Disco Profile

(Get Rating)

CS Disco, Inc, a legal technology company, provides cloud-native and artificial intelligence-powered legal solutions for ediscovery, legal document review, and case management for enterprises, law firms, legal services providers, and governments. The company offers DISCO Ediscovery, a solution that automates 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.

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Institutional Ownership by Quarter for CS Disco (NYSE:LAW)

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