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

CS Disco, Inc. (NYSE:LAW) EVP Melanie Antoon sold 2,824 shares of the company’s 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 sale, the executive vice president now owns 253,834 shares in the company, valued at approximately $1,297,091.74. The trade was a 1.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 Stock Performance

Shares of NYSE:LAW opened at $4.81 on Friday. The business’s 50 day simple moving average is $5.07 and its two-hundred day simple moving average is $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, Inc. has a 52-week low of $4.67 and a 52-week high of $8.57.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LAW. Pilgrim Partners Asia Pte Ltd bought a new position in shares of CS Disco in the fourth quarter valued at approximately $43,000. R Squared Ltd bought a new position in shares of CS Disco in the fourth quarter valued at approximately $47,000. Virtu Financial LLC bought a new position in shares of CS Disco in the fourth quarter valued at approximately $54,000. Meeder Asset Management Inc. lifted its holdings in shares of CS Disco by 50.7% in the fourth quarter. Meeder Asset Management Inc. now owns 10,847 shares of the company’s stock valued at $54,000 after purchasing an additional 3,650 shares in the last quarter. Finally, Two Sigma Investments LP bought a new position in shares of CS Disco in the fourth quarter valued at approximately $55,000. Institutional investors own 58.05% of the company’s stock.

Wall Street Analysts Forecast Growth

LAW has been the topic of several research analyst reports. Needham & Company LLC restated a “buy” rating and set a $8.00 target price on shares of CS Disco in a research report on Friday, February 21st. Jefferies Financial Group cut their target price on CS Disco from $6.00 to $5.50 and set a “hold” rating on the stock in a research report on Monday, January 6th.

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.