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 firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $5.11, for a total value of $14,430.64. Following the completion of the sale, the executive vice president now directly owns 253,834 shares of the company’s stock, valued at $1,297,091.74. The trade was a 1.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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 Performance

Shares of LAW opened at $4.81 on Friday. The stock has a 50-day moving average of $5.07 and a two-hundred day moving average of $5.52. CS Disco, Inc. has a one year low of $4.67 and a one year high of $8.57. The stock 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 issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.16) 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 for the quarter, compared to analyst estimates of $36.03 million. Analysts predict that CS Disco, Inc. will post -0.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LAW has been the subject of a number of recent analyst reports. Jefferies Financial Group lowered their price objective on CS Disco from $6.00 to $5.50 and set a “hold” rating for the company in a research report on Monday, January 6th. Needham & Company LLC reissued a “buy” rating and issued a $8.00 price objective on shares of CS Disco in a research report on Friday, February 21st.

Institutional Trading of CS Disco

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mackenzie Financial Corp acquired a new position in shares of CS Disco in the 4th quarter valued at about $103,000. Two Sigma Investments LP acquired a new position in shares of CS Disco in the 4th quarter valued at about $55,000. Two Sigma Advisers LP acquired a new position in shares of CS Disco in the 4th quarter valued at about $86,000. Occudo Quantitative Strategies LP acquired a new position in shares of CS Disco in the 4th quarter valued at about $88,000. Finally, Deutsche Bank AG lifted its holdings in shares of CS Disco by 61.3% in the 4th quarter. Deutsche Bank AG now owns 22,614 shares of the company’s stock valued at $113,000 after buying an additional 8,590 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.