Insider Selling: FiscalNote Holdings, Inc. (NYSE:NOTE) Director Sells 56,795 Shares of Stock

FiscalNote Holdings, Inc. (NYSE:NOTE) Director Tim Hwang sold 56,795 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $1.22, for a total value of $69,289.90. Following the sale, the director now owns 2,237,129 shares in the company, valued at approximately $2,729,297.38. This represents a 2.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, November 25th, Tim Hwang sold 100 shares of FiscalNote stock. The stock was sold at an average price of $1.00, for a total transaction of $100.00.

FiscalNote Price Performance

Shares of NOTE stock traded up $0.05 during trading hours on Wednesday, hitting $1.33. 2,354,656 shares of the company’s stock were exchanged, compared to its average volume of 4,402,732. FiscalNote Holdings, Inc. has a 52 week low of $0.75 and a 52 week high of $2.27. The stock has a market cap of $187.12 million, a price-to-earnings ratio of -6.02 and a beta of 0.41. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.81 and a quick ratio of 0.81. The stock’s 50-day moving average is $1.15 and its 200-day moving average is $1.18.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. B. Riley decreased their price target on FiscalNote from $2.00 to $1.75 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. D. Boral Capital reaffirmed a “buy” rating and issued a $3.50 target price on shares of FiscalNote in a report on Thursday, January 16th. Finally, EF Hutton Acquisition Co. I raised shares of FiscalNote to a “strong-buy” rating in a report on Monday, October 28th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $2.83.

Institutional Investors Weigh In On FiscalNote

Hedge funds have recently added to or reduced their stakes in the stock. Stonehill Capital Management LLC bought a new position in shares of FiscalNote in the third quarter worth about $995,000. Marshall Wace LLP bought a new position in FiscalNote in the 2nd quarter worth approximately $608,000. Geode Capital Management LLC lifted its holdings in FiscalNote by 7.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,550,931 shares of the company’s stock worth $1,986,000 after buying an additional 108,320 shares in the last quarter. Squarepoint Ops LLC boosted its position in FiscalNote by 181.9% in the 2nd quarter. Squarepoint Ops LLC now owns 149,490 shares of the company’s stock valued at $218,000 after buying an additional 96,457 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of FiscalNote by 318.2% in the 3rd quarter. Barclays PLC now owns 86,286 shares of the company’s stock valued at $110,000 after buying an additional 65,655 shares during the period. Institutional investors own 54.31% of the company’s stock.

About FiscalNote

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.