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

Key Points

• CS Disco EVP Melanie Antoon sold 8,514 shares at an average price of $4.18, generating $35,588.52. The sale was made to cover tax withholding tied to vested equity awards, leaving her with 267,507 shares.
• CS Disco shares recently traded around $4.38, with a market capitalization of approximately $284 million and a 52-week range of $2.45 to $9.11. The company reported quarterly revenue of $43.15 million and an adjusted loss of $0.06 per share, in line with analyst expectations.
• Analyst sentiment is mixed, with the stock carrying an overall “Hold” rating and an average price target of $8.00. Institutional investors own approximately 58.05% of CS Disco’s outstanding shares.

CS Disco, Inc. (NYSE:LAW - Get Free Report) EVP Melanie Antoon sold 8,514 shares of CS Disco stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $4.18, for a total value of $35,588.52. Following the transaction, the executive vice president directly 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

CS Disco Stock Performance

NYSE LAW traded down $0.04 on Wednesday, reaching $4.38. The company's stock had a trading volume of 277,412 shares, compared to its average volume of 345,653. The firm's 50 day moving average is $3.91 and its two-hundred day moving average is $3.98. CS Disco, Inc. has a twelve month low of $2.45 and a twelve month high of $9.11. The stock has a market cap of $284.02 million, a PE ratio of -6.94 and a beta of 1.90.

CS Disco (NYSE:LAW - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.06). CS Disco had a negative return on equity of 26.58% and a negative net margin of 24.20%.The business had revenue of $43.15 million for the quarter, compared to analysts' expectations of $43.10 million.

Institutional Trading of CS Disco

Several large investors have recently made changes to their positions in LAW. Cubist Systematic Strategies LLC acquired a new stake in shares of CS Disco in the first quarter valued at about $216,000. Jane Street Group LLC grew its stake in shares of CS Disco by 51.6% in the 1st quarter. Jane Street Group LLC now owns 44,628 shares of the company's stock valued at $183,000 after purchasing an additional 15,187 shares during the period. Acadian Asset Management LLC bought a new stake in shares of CS Disco in the 1st quarter worth about $195,000. XTX Topco Ltd acquired a new stake in shares of CS Disco during the 2nd quarter worth about $139,000. Finally, Occudo Quantitative Strategies LP bought a new position in shares of CS Disco in the second quarter valued at approximately $75,000. Institutional investors own 58.05% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Weiss Ratings raised 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 downgraded CS Disco from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $8.00.

About CS Disco

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.

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