SG Americas Securities LLC Purchases Shares of 12,934 CS Disco, Inc. (NYSE:LAW)

SG Americas Securities LLC purchased a new stake in CS Disco, Inc. (NYSE:LAW) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 12,934 shares of the company’s stock, valued at approximately $65,000.

Other hedge funds have also recently bought and sold shares of the company. Bleakley Financial Group LLC bought a new position in CS Disco in the third quarter valued at approximately $67,000. The Manufacturers Life Insurance Company grew its stake in CS Disco by 27.0% in the second quarter. The Manufacturers Life Insurance Company now owns 13,498 shares of the company’s stock valued at $80,000 after purchasing an additional 2,871 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in CS Disco in the third quarter valued at approximately $158,000. Barclays PLC grew its stake in CS Disco by 291.1% in the third quarter. Barclays PLC now owns 40,919 shares of the company’s stock valued at $241,000 after purchasing an additional 30,456 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in 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 purchasing an additional 13,894 shares in the last quarter. 58.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on LAW shares. Needham & Company LLC reiterated a “buy” rating and set a $8.00 target price on shares of CS Disco in a research note on Monday, December 9th. Jefferies Financial Group reduced their target price on CS Disco from $6.00 to $5.50 and set a “hold” rating for the company in a research note on Monday, January 6th.

CS Disco Trading Up 3.5 %

NYSE:LAW opened at $5.49 on Friday. The stock has a market cap of $328.79 million, a P/E ratio of -9.15 and a beta of 2.06. The stock has a 50 day simple moving average of $5.25 and a 200 day simple moving average of $5.56. CS Disco, Inc. has a 1-year low of $4.67 and a 1-year high of $8.57.

Insider Buying and Selling

In other CS Disco news, CFO Michael Lafair sold 12,042 shares of CS Disco stock in a transaction on Monday, November 18th. The stock was sold at an average price of $5.40, for a total value of $65,026.80. Following the completion of the transaction, the chief financial officer now directly owns 781,060 shares of the company’s stock, valued at $4,217,724. The trade was a 1.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 15.60% of the stock is currently owned by insiders.

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.