Insider Selling: FiscalNote Holdings, Inc. (NYSE:NOTE) Director Sells 40,998 Shares of Stock

FiscalNote Holdings, Inc. (NYSE:NOTE) Director Tim Hwang sold 40,998 shares of the business’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $0.64, for a total transaction of $26,238.72. Following the sale, the director now directly owns 2,793,762 shares of the company’s stock, valued at approximately $1,788,007.68. The trade was a 1.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, May 7th, Tim Hwang sold 9,515 shares of FiscalNote stock. The shares were sold at an average price of $0.64, for a total value of $6,089.60.
• On Thursday, May 1st, Tim Hwang sold 29,105 shares of FiscalNote stock. The stock was sold at an average price of $0.64, for a total value of $18,627.20.
• On Thursday, April 3rd, Tim Hwang sold 34,120 shares of FiscalNote stock. The stock was sold at an average price of $0.68, for a total value of $23,201.60.

FiscalNote Stock Up 3.4%

Shares of NOTE opened at $0.67 on Thursday. 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 has a market capitalization of $107.55 million, a price-to-earnings ratio of -3.03 and a beta of 0.62. FiscalNote Holdings, Inc. has a 1 year low of $0.56 and a 1 year high of $2.07. The business’s 50 day simple moving average is $0.66 and its 200-day simple moving average is $0.99.

FiscalNote (NYSE:NOTE) last released its quarterly earnings results on Monday, May 12th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.02). FiscalNote had a negative net margin of 22.27% and a negative return on equity of 88.72%. The business had revenue of $27.51 million for the quarter, compared to analysts’ expectations of $26.43 million. As a group, equities analysts expect that FiscalNote Holdings, Inc. will post -0.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NOTE has been the subject of a number of recent analyst reports. Roth Mkm dropped their price objective on FiscalNote from $3.00 to $2.00 and set a “buy” rating for the company in a research note on Friday, March 14th. D. Boral Capital restated a “buy” rating and issued a $3.75 price target on shares of FiscalNote in a research note on Tuesday, May 13th. Wall Street Zen upgraded shares of FiscalNote from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd. LADENBURG THALM/SH SH began coverage on shares of FiscalNote in a report on Thursday, May 1st. They issued a “buy” rating and a $2.50 target price on the stock. Finally, 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. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, FiscalNote presently has an average rating of “Moderate Buy” and an average target price of $2.63.

Institutional Trading of FiscalNote

Hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC grew its position in FiscalNote by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 1,576,432 shares of the company’s stock worth $1,687,000 after acquiring an additional 25,501 shares in the last quarter. Northern Trust Corp lifted its stake in shares of FiscalNote by 7.9% in the 4th quarter. Northern Trust Corp now owns 564,004 shares of the company’s stock valued at $603,000 after purchasing an additional 41,137 shares during the last quarter. Mariner LLC boosted its holdings in shares of FiscalNote by 85.3% in the 4th quarter. Mariner LLC now owns 35,662 shares of the company’s stock worth $38,000 after purchasing an additional 16,418 shares during the period. Kennedy Capital Management LLC increased its position in shares of FiscalNote by 154.9% during the 4th quarter. Kennedy Capital Management LLC now owns 2,272,722 shares of the company’s stock valued at $2,432,000 after purchasing an additional 1,381,166 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in FiscalNote by 425.0% during the 4th quarter. Deutsche Bank AG now owns 139,997 shares of the company’s stock valued at $150,000 after buying an additional 113,333 shares during the period. 54.31% of the stock is currently owned by hedge funds and other institutional investors.

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.