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

CS Disco, Inc. (NYSE:LAW - Get Free Report) EVP Melanie Antoon sold 2,824 shares of the firm's stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Up 4.5 %

LAW traded up $0.21 during trading hours on Tuesday, reaching $4.85. 93,986 shares of the company's stock traded hands, compared to its average volume of 140,317. The firm has a 50-day moving average price of $5.06 and a 200 day moving average price of $5.52. CS Disco, Inc. has a 52-week low of $4.50 and a 52-week high of $8.57. The firm has a market capitalization of $292.92 million, a PE ratio of -5.27 and a beta of 2.06.

CS Disco (NYSE:LAW - Get Free Report) 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). The company had revenue of $37.00 million for the quarter, compared to analysts' expectations of $36.03 million. CS Disco had a negative net margin of 38.51% and a negative return on equity of 22.30%. Equities analysts predict that CS Disco, Inc. will post -0.64 EPS for the current fiscal year.

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Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On CS Disco

Hedge funds have recently added to or reduced their stakes in the stock. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of CS Disco in the fourth quarter valued at approximately $43,000. R Squared Ltd purchased a new stake in shares of CS Disco in the 4th quarter worth $47,000. Virtu Financial LLC bought a new position in shares of CS Disco during the 4th quarter worth $54,000. Meeder Asset Management Inc. increased its stake in shares of CS Disco by 50.7% during the fourth quarter. Meeder Asset Management Inc. now owns 10,847 shares of the company's stock valued at $54,000 after buying an additional 3,650 shares during the period. Finally, Two Sigma Investments LP bought a new stake in shares of CS Disco in the fourth quarter valued at about $55,000. 58.05% of the stock is currently owned by 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.