FiscalNote Holdings, Inc. (NYSE:NOTE) Director Tim Hwang Sells 34,120 Shares

FiscalNote Holdings, Inc. (NYSE:NOTE) Director Tim Hwang sold 34,120 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $0.68, for a total value of $23,201.60. Following the completion of the sale, the director now owns 2,621,872 shares of the company’s stock, valued at approximately $1,782,872.96. This trade represents a 1.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Tim Hwang also recently made the following trade(s):

• On Monday, March 3rd, Tim Hwang sold 51,137 shares of FiscalNote stock. The shares were sold at an average price of $1.13, for a total value of $57,784.81.
• On Monday, February 3rd, Tim Hwang sold 56,795 shares of FiscalNote stock. The stock was sold at an average price of $1.22, for a total value of $69,289.90.

FiscalNote Stock Up 3.5 %

NYSE NOTE traded up $0.02 during trading hours on Monday, reaching $0.73. 1,350,365 shares of the company’s stock traded hands, compared to its average volume of 1,500,398. The firm has a market cap of $103.65 million, a PE ratio of -3.34 and a beta of 0.59. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.81 and a quick ratio of 0.81. FiscalNote Holdings, Inc. has a 52-week low of $0.57 and a 52-week high of $2.07. The firm has a 50-day simple moving average of $1.19 and a 200 day simple moving average of $1.12.

FiscalNote (NYSE:NOTE) last released its earnings results on Thursday, March 13th. The company reported ($0.10) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.10). The firm had revenue of $29.47 billion during the quarter, compared to analyst estimates of $29.02 million. FiscalNote had a negative net margin of 22.27% and a negative return on equity of 88.72%. Sell-side analysts anticipate that FiscalNote Holdings, Inc. will post -0.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NOTE has been the subject of several research analyst reports. B. Riley dropped their target price on shares of FiscalNote from $1.75 to $1.50 and set a “buy” rating for the company in a research report on Friday, March 14th. Roth Mkm decreased their price target on shares of FiscalNote from $3.00 to $2.00 and set a “buy” rating for the company in a research note on Friday, March 14th. Finally, D. Boral Capital reaffirmed a “buy” rating and set a $3.75 price objective on shares of FiscalNote in a research report on Monday, March 17th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $2.66.

Institutional Investors Weigh In On FiscalNote

A number of institutional investors have recently modified their holdings of the stock. Kennedy Capital Management LLC boosted its stake in FiscalNote by 154.9% in the 4th quarter. Kennedy Capital Management LLC now owns 2,272,722 shares of the company’s stock worth $2,432,000 after purchasing an additional 1,381,166 shares in the last quarter. Deutsche Bank AG increased its position in FiscalNote by 425.0% during the fourth quarter. Deutsche Bank AG now owns 139,997 shares of the company’s stock valued at $150,000 after acquiring an additional 113,333 shares during the last quarter. Geode Capital Management LLC increased its position in FiscalNote by 7.5% during the third quarter. Geode Capital Management LLC now owns 1,550,931 shares of the company’s stock valued at $1,986,000 after acquiring an additional 108,320 shares during the last quarter. Squarepoint Ops LLC bought a new position in FiscalNote in the fourth quarter valued at about $87,000. Finally, LPL Financial LLC boosted its position in FiscalNote by 255.6% in the fourth quarter. LPL Financial LLC now owns 104,348 shares of the company’s stock worth $112,000 after purchasing an additional 75,000 shares during the last quarter. 54.31% of the stock is owned by hedge funds and other institutional investors.

FiscalNote Company Profile

FiscalNote Holdings, Inc operates as technology company North America, Europe, Australia, and Asia. It combines artificial intelligence technology, machine learning, and other technologies with analytics, workflow tools, and expert research. The company also delivers that intelligence through its suite of public policy and issues management products, as well as powerful tools to manage workflows, advocacy campaigns, and constituent relationships.