M&T Bank Corp Has $606,000 Holdings in CS Disco, Inc. (NYSE:LAW)

M&T Bank Corp boosted its position in shares of CS Disco, Inc. (NYSE:LAW) by 19.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,898 shares of the company’s stock after purchasing an additional 16,535 shares during the period. M&T Bank Corp owned about 0.17% of CS Disco worth $606,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ArrowMark Colorado Holdings LLC grew its holdings in shares of CS Disco by 9.2% during the third quarter. ArrowMark Colorado Holdings LLC now owns 954,328 shares of the company’s stock worth $5,611,000 after buying an additional 80,496 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in CS Disco by 34.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 666,437 shares of the company’s stock worth $3,972,000 after acquiring an additional 170,496 shares during the last quarter. State Street Corp grew its stake in shares of CS Disco by 0.4% during the 3rd quarter. State Street Corp now owns 507,626 shares of the company’s stock worth $2,985,000 after acquiring an additional 1,995 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of CS Disco by 3.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 218,990 shares of the company’s stock valued at $1,288,000 after purchasing an additional 7,551 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of CS Disco by 188.9% in the second quarter. Renaissance Technologies LLC now owns 145,600 shares of the company’s stock worth $868,000 after purchasing an additional 95,200 shares in the last quarter. Institutional investors and hedge funds own 58.05% of the company’s stock.

CS Disco Trading Up 0.3 %

NYSE LAW opened at $5.90 on Wednesday. CS Disco, Inc. has a 12 month low of $4.71 and a 12 month high of $8.80. The stock has a 50 day moving average of $5.92 and a 200-day moving average of $5.74. The company has a market cap of $353.46 million, a PE ratio of -9.83 and a beta of 2.04.

CS Disco (NYSE:LAW) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). The firm had revenue of $36.27 million during the quarter, compared to analyst estimates of $36.33 million. CS Disco had a negative net margin of 25.36% and a negative return on equity of 19.20%. The business’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.02) EPS. As a group, sell-side analysts predict that CS Disco, Inc. will post -0.69 EPS for the current fiscal year.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $8.00 target price on shares of CS Disco in a research report on Monday, December 9th. Jefferies Financial Group raised their price objective on CS Disco from $5.50 to $6.00 and gave the company a “hold” rating in a report on Tuesday, October 29th.

CS Disco Company Profile

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.