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Melanie Antoon, Executive Vice President and Chief Customer Officer at CS Disco (OTC:DSCSY), Inc. (NYSE:LAW), recently sold 2,824 shares of the company’s common stock. The transaction, which took place on February 26, 2025, was valued at approximately $14,430, with the shares sold at a price of $5.11 each. Following this sale, Antoon retains ownership of 253,834 shares. The stock, currently trading at $4.82, is near its 52-week low of $4.67, though InvestingPro analysis suggests the company may be undervalued.
The sale was conducted to cover taxes and fees due upon the release and settlement of restricted stock units, as indicated in the filing. Antoon did not sell or dispose of any shares for reasons other than to cover these obligations. The company maintains a strong financial position, with more cash than debt on its balance sheet and liquid assets exceeding short-term obligations. For deeper insights into LAW’s financial health and additional analysis, check out the comprehensive research report available on InvestingPro.
In other recent news, CS Disco Inc. reported its fourth-quarter and full-year 2024 financial results, 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 FY 2024 reaching $144.8 million, marking a 5% increase year-over-year. Software (ETR:SOWGn) revenue grew by 7% to $120.1 million, while services revenue decreased by 4% to $24.7 million. Needham analysts maintained a Buy rating on CS Disco, with an $8.00 price target, citing revenue figures at the upper end of projected guidance and adjusted EBITDA surpassing expectations. The company has set a goal to achieve breakeven adjusted EBITDA by the fourth quarter of 2026, focusing on expanding enterprise sales and enhancing AI capabilities. Despite the positive earnings surprise, CS Disco’s stock experienced a decline in regular and aftermarket trading. The company’s initial fiscal year 2025 guidance aligns closely with consensus estimates, reflecting a cautious outlook designed to support recent changes in its go-to-market strategy.
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