CS Disco (LAW)

• Market cap: $298M
• 1 day: 0.81%
• 5 days: -2.35%
• 1 month: -4.23%
• 3 months: -16.16%
• 6 months: -13.54%
• Year to date: 2.68%
• 1 year: -40.14%
• 5 years: -87.85%
• 10 years: -87.85%
• Sector: Information Technology
• Industry: Prepackaged Software

About: CS Disco Inc provides a cloud-native, artificial intelligence-powered legal solution that simplifies discovery, legal document review, and case management for enterprises, law firms, legal services providers, and governments. Its revenue-generating activities directly relate to the sale and support of legal solutions. It has two primary types of contractual arrangements: usage-based and subscription solutions. The usage-based revenue is derived from contracts under which customers are billed monthly based on their usage. Subscription revenue is derived from contracts where customers are contractually committed to a minimum data volume over a period of time.

Employees: 543

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

20% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 25

9% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 11

0% more funds holding

Funds holding: 89 [Q2] → 89 (+0) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]

2.91% less ownership

Funds ownership: 55.28% [Q2] → 52.37% (-2.91%) [Q3]

7% less capital invested

Capital invested by funds: $198M [Q2] → $183M (-$14.3M) [Q3]

43% less call options, than puts

Call options by funds: $55K | Put options by funds: $97K

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $5.50 10% upside
• Avg. target: $6.75 36% upside
• High target: $8 61% upside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

Jefferies Brent Thill 65% 1-year accuracy 36 / 55 met price target	10% upside $5.50	Hold Maintained	6 Jan 2025
Needham Scott Berg 60% 1-year accuracy 96 / 159 met price target	61% upside $8	Buy Maintained	9 Dec 2024