First Eagle Investment Management LLC Makes New Investment in CS Disco, Inc. $LAW

First Eagle Investment Management LLC bought a new position in CS Disco, Inc. (NYSE:LAW) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 163,846 shares of the company’s stock, valued at approximately $1,058,000. First Eagle Investment Management LLC owned approximately 0.26% of CS Disco as of its most recent SEC filing.

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

Insider Buying and Selling at CS Disco

In related news, Director Robert P. Goodman purchased 1,026,700 shares of the business’s stock in a transaction on Friday, February 27th. The stock was acquired at an average price of $3.19 per share, with a total value of $3,275,173.00. Following the purchase, the director directly owned 1,038,475 shares in the company, valued at approximately $3,312,735.25. This represents a 8,719.32% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Karen Herckis sold 8,171 shares of the firm’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 owned 132,259 shares in the company, valued at approximately $406,035.13. This trade represents a 5.82% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders purchased 1,090,200 shares of company stock valued at $3,475,943 and sold 27,711 shares valued at $85,073. Company insiders own 16.10% of the company’s stock.

CS Disco Trading Up 11.5%

Shares of LAW opened at $4.67 on Friday. CS Disco, Inc. has a 12-month low of $2.45 and a 12-month high of $9.11. The company has a market cap of $295.75 million, a PE ratio of -6.49 and a beta of 2.15. The stock has a 50-day moving average price of $5.50 and a 200-day moving average price of $6.21.

Analyst Ratings Changes

A number of brokerages recently issued reports on LAW. Jefferies Financial Group increased their price objective on CS Disco from $6.00 to $8.00 and gave the stock a “hold” rating in a report on Monday, January 5th. Needham & Company LLC reiterated a “buy” rating and set a $10.00 price target on shares of CS Disco in a research report on Thursday, February 26th. Wall Street Zen lowered shares of CS Disco from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CS Disco in a research note on Wednesday, January 21st. Finally, Canaccord Genuity Group lowered their target price on shares of CS Disco from $9.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $8.00.

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.