Insider Selling: FiscalNote Holdings, Inc. (NYSE:NOTE) Director Sells $23,201.60 in Stock

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 transaction of $23,201.60. Following the completion of the transaction, the director now owns 2,621,872 shares in the company, valued at $1,782,872.96. The trade was a 1.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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 transaction 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 Price Performance

Shares of NYSE:NOTE traded up $0.02 during trading on Monday, hitting $0.73. 1,350,365 shares of the company’s stock were exchanged, compared to its average volume of 1,500,398. The business’s 50-day simple moving average is $1.19 and its 200 day simple moving average is $1.12. The company has a market cap of $103.65 million, a price-to-earnings ratio of -3.34 and a beta of 0.59. FiscalNote Holdings, Inc. has a 52-week low of $0.57 and a 52-week high of $2.07. 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 (NYSE:NOTE) last announced its quarterly earnings data on Thursday, March 13th. The company reported ($0.10) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.10). FiscalNote had a negative net margin of 22.27% and a negative return on equity of 88.72%. The business had revenue of $29.47 billion during the quarter, compared to analyst estimates of $29.02 million. As a group, equities analysts predict that FiscalNote Holdings, Inc. will post -0.43 EPS for the current year.

Institutional Trading of FiscalNote

Institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp grew its position in shares of FiscalNote by 1.4% during the third quarter. State Street Corp now owns 1,261,429 shares of the company’s stock valued at $1,615,000 after purchasing an additional 17,624 shares in the last quarter. Barclays PLC boosted its stake in FiscalNote by 318.2% during the third 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 last quarter. Geode Capital Management LLC grew 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 valued at $1,986,000 after buying an additional 108,320 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in FiscalNote by 4.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 566,144 shares of the company’s stock worth $725,000 after acquiring an additional 21,811 shares during the last quarter. Finally, Arkadios Wealth Advisors bought a new position in shares of FiscalNote during the 4th quarter valued at approximately $40,000. 54.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NOTE has been the subject of a number of analyst reports. B. Riley reduced their price target on FiscalNote from $1.75 to $1.50 and set a “buy” rating for the company in a research report on Friday, March 14th. D. Boral Capital reissued a “buy” rating and issued a $3.75 target price on shares of FiscalNote in a report on Monday, March 17th. Finally, Roth Mkm decreased their target price on shares of FiscalNote from $3.00 to $2.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, FiscalNote currently has an average rating of “Buy” and a consensus target price of $2.66.

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.