CS Disco (NYSE:LAW) EVP Melanie Antoon Sells 8,514 Shares of Stock

CS Disco, Inc. (NYSE:LAW) EVP Melanie Antoon sold 8,514 shares of CS Disco stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $4.18, for a total transaction of $35,588.52. Following the transaction, the executive vice president owned 267,507 shares in the company, valued at approximately $1,118,179.26. The trade was a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

CS Disco Price Performance

Shares of LAW stock opened at $4.38 on Thursday. The firm has a market cap of $284.02 million, a P/E ratio of -6.94 and a beta of 1.90. The stock’s 50-day moving average is $3.92 and its two-hundred day moving average is $3.96. CS Disco, Inc. has a fifty-two week low of $2.45 and a fifty-two week high of $9.11.

CS Disco (NYSE:LAW) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.06) EPS for the quarter, meeting analysts’ consensus estimates of ($0.06). CS Disco had a negative net margin of 24.20% and a negative return on equity of 26.58%. The company had revenue of $43.15 million for the quarter, compared to analyst estimates of $43.10 million.

Hedge Funds Weigh In On CS Disco

Hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its stake in shares of CS Disco by 87.1% during the second quarter. Tower Research Capital LLC TRC now owns 9,968 shares of the company’s stock worth $44,000 after buying an additional 4,639 shares during the last quarter. Algert Global LLC bought a new stake in shares of CS Disco in the 3rd quarter valued at about $70,000. Mercer Global Advisors Inc. ADV acquired a new position in CS Disco during the fourth quarter valued at approximately $99,000. CIBC Asset Management Inc acquired a new stake in CS Disco in the fourth quarter worth $102,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of CS Disco by 242.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 13,450 shares of the company’s stock valued at $87,000 after buying an additional 9,523 shares during the period. Institutional investors own 58.05% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on LAW shares. Weiss Ratings upgraded shares of CS Disco from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 2nd. Wall Street Zen cut shares of CS Disco from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $8.00.

CS Disco Company Profile

CS Disco, Inc is a provider of cloud-native, artificial intelligence-driven legal applications designed to streamline e-discovery, document review and compliance processes for law firms and corporate legal departments. The Austin, Texas–based company offers a unified platform that automates labor-intensive tasks using machine learning and predictive analytics, enabling legal professionals to process, search and review large volumes of data with greater speed and accuracy.

At the core of CS Disco’s product suite is its flagship e-discovery application, which supports early case assessment, data processing, review analytics and production workflows.