CS Disco, Inc. (NYSE:LAW) EVP Melanie Antoon Sells 2,824 Shares of Stock

CS Disco, Inc. (NYSE:LAW) EVP Melanie Antoon sold 2,824 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $5.11, for a total value of $14,430.64. Following the sale, the executive vice president now owns 253,834 shares of the company’s stock, valued at approximately $1,297,091.74. The trade was a 1.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Melanie Antoon also recently made the following trade(s):

• On Tuesday, February 18th, Melanie Antoon sold 3,278 shares of CS Disco stock. The stock was sold at an average price of $5.19, for a total value of $17,012.82.

CS Disco Stock Down 2.2 %

Shares of LAW opened at $4.81 on Friday. CS Disco, Inc. has a 12-month low of $4.67 and a 12-month high of $8.57. The business has a 50-day simple moving average of $5.07 and a two-hundred day simple moving average of $5.52. The stock has a market cap of $290.44 million, a PE ratio of -5.23 and a beta of 2.06.

CS Disco (NYSE:LAW) last issued its earnings results on Thursday, February 20th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). CS Disco had a negative return on equity of 22.30% and a negative net margin of 38.51%. The firm had revenue of $37.00 million during the quarter, compared to analyst estimates of $36.03 million. On average, equities research analysts expect that CS Disco, Inc. will post -0.64 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on LAW shares. Needham & Company LLC reissued a “buy” rating and set a $8.00 price target on shares of CS Disco in a report on Friday, February 21st. Jefferies Financial Group lowered their target price on CS Disco from $6.00 to $5.50 and set a “hold” rating for the company in a report on Monday, January 6th.

Institutional Investors Weigh In On CS Disco

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Topline Capital Management LLC acquired a new stake in shares of CS Disco in the fourth quarter valued at about $9,530,000. Franklin Resources Inc. increased its stake in shares of CS Disco by 2.0% in the third quarter. Franklin Resources Inc. now owns 1,790,930 shares of the company’s stock valued at $10,710,000 after buying an additional 34,351 shares during the period. Norges Bank acquired a new stake in shares of CS Disco in the fourth quarter valued at about $8,854,000. ArrowMark Colorado Holdings LLC increased its stake in shares of CS Disco by 9.2% in the third quarter. ArrowMark Colorado Holdings LLC now owns 954,328 shares of the company’s stock valued at $5,611,000 after buying an additional 80,496 shares during the period. Finally, Formula Growth Ltd. increased its stake in shares of CS Disco by 23.0% in the fourth quarter. Formula Growth Ltd. now owns 750,000 shares of the company’s stock valued at $3,742,000 after buying an additional 140,000 shares during the period. Institutional investors and hedge funds own 58.05% of the company’s stock.

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.