Noel Bertram Watson Sells 15,000 Shares of LegalZoom.com (NASDAQ:LZ) Stock

Posted by Geri Gentry on May 21st, 2026

LegalZoom.com, Inc. (NASDAQ:LZ – Get Free Report) CFO Noel Bertram Watson sold 15,000 shares of LegalZoom.com stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $6.45, for a total transaction of $96,750.00. Following the sale, the chief financial officer owned 2,041,847 shares in the company, valued at approximately $13,169,913.15. This trade represents a 0.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Noel Bertram Watson also recently made the following trade(s):

On Wednesday, February 18th, Noel Bertram Watson sold 15,000 shares of LegalZoom.com stock. The shares were sold at an average price of $6.96, for a total transaction of $104,400.00.

LegalZoom.com Stock Up 0.9%

Shares of LZ stock opened at $6.43 on Thursday. LegalZoom.com, Inc. has a 12-month low of $5.28 and a 12-month high of $12.40. The company has a market capitalization of $1.10 billion, a P/E ratio of 107.18, a P/E/G ratio of 1.12 and a beta of 1.33. The firm has a 50-day moving average price of $6.14 and a 200 day moving average price of $7.96.

LegalZoom.com (NASDAQ:LZ – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01). LegalZoom.com had a net margin of 1.46% and a return on equity of 11.53%. The firm had revenue of $206.78 million for the quarter, compared to the consensus estimate of $202.14 million. During the same period in the prior year, the business earned $0.13 earnings per share. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. As a group, research analysts expect that LegalZoom.com, Inc. will post 0.32 earnings per share for the current year.

LegalZoom.com declared that its Board of Directors has initiated a stock repurchase plan on Thursday, February 19th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to purchase up to 8.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of LegalZoom.com from $14.00 to $11.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. UBS Group cut their price target on shares of LegalZoom.com from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Barclays reissued an “underweight” rating and set a $6.00 price target (down from $9.00) on shares of LegalZoom.com in a report on Wednesday, March 4th. Zacks Research raised shares of LegalZoom.com from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. Finally, Weiss Ratings downgraded shares of LegalZoom.com from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 6th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $9.25.

Check Out Our Latest Stock Report on LZ

Hedge Funds Weigh In On LegalZoom.com

A number of institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its stake in shares of LegalZoom.com by 187.4% in the first quarter. Bank of America Corp DE now owns 2,509,891 shares of the company’s stock worth $14,231,000 after acquiring an additional 1,636,487 shares during the last quarter. Arkadios Wealth Advisors raised its stake in shares of LegalZoom.com by 5.6% during the first quarter. Arkadios Wealth Advisors now owns 74,819 shares of the company’s stock worth $424,000 after buying an additional 3,953 shares during the last quarter. Amundi raised its stake in shares of LegalZoom.com by 83.2% during the first quarter. Amundi now owns 101,925 shares of the company’s stock worth $578,000 after buying an additional 46,285 shares during the last quarter. Royal Bank of Canada raised its stake in shares of LegalZoom.com by 1,656.5% during the first quarter. Royal Bank of Canada now owns 188,505 shares of the company’s stock worth $1,069,000 after buying an additional 177,773 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of LegalZoom.com during the first quarter worth approximately $2,918,000. 81.99% of the stock is owned by institutional investors.

About LegalZoom.com

(Get Free Report)

LegalZoom.com, Inc (NASDAQ: LZ) operates as a leading online legal technology company that provides a broad range of legal and business services to individuals, families and small businesses. Through its digital platform, the company offers customized legal documents and filing services, including business formation (LLCs, corporations and nonprofits), estate planning (wills and trusts), intellectual property protection (trademarks and copyrights), and ongoing compliance support. LegalZoom also connects customers with independent attorneys for consultations on matters such as family law, immigration and real estate.

Founded in 2001 by entrepreneurs Brian Lee, Brian P.