CS Disco, Inc. (NYSE:LAW) EVP Sells $14,430.64 in Stock

CS Disco, Inc. (NYSE:LAW) EVP Melanie Antoon sold 2,824 shares of CS Disco stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $5.11, for a total value of $14,430.64. Following the completion of the transaction, the executive vice president now owns 253,834 shares of the company’s stock, valued at approximately $1,297,091.74. This represents a 1.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

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

CS Disco Trading Down 2.2 %

NYSE: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 stock has a 50 day moving average of $5.07 and a two-hundred day moving average of $5.52. The firm has a market cap of $290.44 million, a P/E ratio of -5.23 and a beta of 2.06.

CS Disco (NYSE:LAW) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $36.03 million. On average, research analysts forecast that CS Disco, Inc. will post -0.64 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on LAW. Jefferies Financial Group cut their price target on CS Disco from $6.00 to $5.50 and set a “hold” rating for the company in a research note on Monday, January 6th. Needham & Company LLC restated a “buy” rating and issued a $8.00 price target on shares of CS Disco in a research note on Friday, February 21st.

Institutional Investors Weigh In On CS Disco

Several large investors have recently bought and sold shares of the company. Topline Capital Management LLC purchased a new stake in CS Disco during the 4th quarter worth approximately $9,530,000. Franklin Resources Inc. increased its stake in CS Disco by 2.0% during the 3rd quarter. Franklin Resources Inc. now owns 1,790,930 shares of the company’s stock worth $10,710,000 after buying an additional 34,351 shares in the last quarter. Norges Bank purchased a new stake in shares of CS Disco in the fourth quarter valued at approximately $8,854,000. ArrowMark Colorado Holdings LLC grew its position 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 purchasing an additional 80,496 shares in the last quarter. Finally, Formula Growth Ltd. grew its position 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 purchasing an additional 140,000 shares in the last quarter. 58.05% of the stock is currently owned by hedge funds and other institutional investors.

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.