FiscalNote Holdings, Inc. (NYSE:NOTE) Director Sells $24,180.65 in Stock

FiscalNote Holdings, Inc. (NYSE:NOTE - Get Free Report) Director Tim Hwang sold 37,201 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $0.65, for a total value of $24,180.65. Following the sale, the director directly owned 2,756,561 shares in the company, valued at approximately $1,791,764.65. This represents a 1.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, June 2nd, Tim Hwang sold 40,998 shares of FiscalNote stock. The shares were sold at an average price of $0.64, for a total value of $26,238.72.
• On Wednesday, May 7th, Tim Hwang sold 9,515 shares of FiscalNote stock. The stock was 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.

FiscalNote Price Performance

FiscalNote stock traded up $0.04 during mid-day trading on Friday, reaching $0.75. The company had a trading volume of 7,668,570 shares, compared to its average volume of 1,852,631. The company has a market cap of $118.67 million, a P/E ratio of -2.27 and a beta of 0.58. FiscalNote Holdings, Inc. has a fifty-two week low of $0.48 and a fifty-two week high of $2.07. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.20. The business has a fifty day simple moving average of $0.61 and a 200 day simple moving average of $0.94.

FiscalNote (NYSE:NOTE - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.02). FiscalNote had a negative return on equity of 59.01% and a negative net margin of 39.19%. The business had revenue of $27.51 million for the quarter, compared to analyst estimates of $26.43 million. On average, equities research analysts predict that FiscalNote Holdings, Inc. will post -0.43 earnings per share for the current year.

Institutional Investors Weigh In On FiscalNote

Several large investors have recently modified their holdings of the company. Virtu Financial LLC increased its holdings in FiscalNote by 47.9% in the fourth quarter. Virtu Financial LLC now owns 54,432 shares of the company's stock worth $58,000 after purchasing an additional 17,631 shares in the last quarter. LPL Financial LLC raised its holdings in FiscalNote by 255.6% during the fourth quarter. LPL Financial LLC now owns 104,348 shares of the company's stock worth $112,000 after buying an additional 75,000 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of FiscalNote by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 1,576,432 shares of the company's stock valued at $1,687,000 after buying an additional 25,501 shares during the last quarter. Wells Fargo & Company MN lifted its position in FiscalNote by 58.0% in the 4th quarter. Wells Fargo & Company MN now owns 29,315 shares of the company's stock valued at $31,000 after acquiring an additional 10,765 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of FiscalNote by 27.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 28,621 shares of the company's stock valued at $31,000 after buying an additional 6,090 shares during the last quarter. 54.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Roth Mkm cut their target price 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. D. Boral Capital reaffirmed a "buy" rating and issued a $3.75 price objective on shares of FiscalNote in a report on Tuesday, May 13th. LADENBURG THALM/SH SH assumed coverage on shares of FiscalNote in a report on Thursday, May 1st. They set a "buy" rating and a $2.50 target price on the stock. B. Riley dropped their price objective on FiscalNote from $1.75 to $1.50 and set a "buy" rating for the company in a report on Friday, March 14th. Finally, Wall Street Zen raised shares of FiscalNote from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $2.63.

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.