Legato Capital Management LLC Takes $834,000 Position in CS Disco, Inc. $LAW
Legato Capital Management LLC invested $834,000 in CS Disco, Inc. (LAW) during the third quarter, alongside other institutional investor activity.Summary
Legato Capital Management LLC established a new position in CS Disco, Inc. (NYSE:LAW) during the third quarter, acquiring 129,115 shares valued at approximately $834,000. This investment is part of a broader trend of institutional activity in CS Disco, with firms like CWM LLC, PDT Partners LLC, PNC Financial Services Group Inc., Jane Street Group LLC, and Campbell & CO Investment Adviser LLC all adjusting their holdings. Insider activity also played a role, as CEO Eric Friedrichsen purchased shares, increasing his ownership stake, while EVP Melanie Antoon sold a portion of her shares. Currently, insiders own 16.10% of the company’s stock, and institutional investors and hedge funds collectively own 58.05%. CS Disco’s stock opened at $3.95 on Wednesday, with a 52-week range of $2.45 to $9.11. Analyst ratings are mixed, with a consensus of “Hold” and an average target price of $8.00. CS Disco, Inc. provides cloud-native, AI-driven legal applications for e-discovery, document review, and compliance.
(Source：Bbns)