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CS Disco (OTC:DSCSY), Inc. (NYSE:LAW), currently trading at $4.82 and near its 52-week low of $4.67, recently reported that its Executive Vice President and Chief Financial Officer, Michael Lafair, sold shares in a transaction dated February 26, 2025. According to InvestingPro analysis, the company appears undervalued based on its Fair Value metrics. Lafair sold a total of 3,747 shares of common stock at a price of $5.11 per share, resulting in a total transaction value of $19,147.
The sale was conducted to cover taxes and fees related to the release and settlement of restricted stock units, as noted in the filing. Following this transaction, Lafair retains ownership of 862,046 shares of CS Disco stock.
In other recent news, CS Disco Inc. reported its financial results for the fourth quarter and full year of 2024, showing a narrower net loss compared to the previous year. The company’s earnings per share (EPS) exceeded analyst expectations, although revenue slightly missed forecasts, with total revenue for the year reaching $144.8 million, a 5% increase year-over-year. Software (ETR:SOWGn) revenue showed a robust growth of 7%, totaling $120.1 million, while services revenue decreased by 4% to $24.7 million. The company has set a target to achieve breakeven adjusted EBITDA by the fourth quarter of 2026, focusing on expanding enterprise sales and enhancing AI capabilities.
Needham analysts maintained a Buy rating on CS Disco, with an $8.00 price target, following the company’s financial disclosures. They noted that the revenue figures were at the upper end of projected guidance, and adjusted EBITDA surpassed expectations. The analysts highlighted CS Disco’s enterprise-led go-to-market strategy, which is gaining momentum, and they anticipate improved visibility as new sales compensation plans are implemented. The company also provided guidance for the first quarter of 2025, projecting total revenue between $35 million and $37 million, with a full-year forecast ranging from $145.5 million to $157.5 million.
CS Disco’s management has adopted a cautious tone for its initial fiscal year 2025 guidance, aligning closely with consensus estimates on revenue and adjusted EBITDA. The company aims to become an indispensable partner for its customers, focusing on larger enterprise clients to drive efficient growth. Despite the positive earnings report, CS Disco’s stock experienced a decline in trading, reflecting cautious investor sentiment.
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