Insider Selling: FiscalNote Holdings, Inc. (NYSE:NOTE) Director Sells 37,201 Shares of 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 transaction of $24,180.65. Following the sale, the director directly owned 2,756,561 shares in the company, valued at $1,791,764.65. This represents a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, June 2nd, Tim Hwang sold 40,998 shares of FiscalNote stock. The stock was sold at an average price of $0.64, for a total transaction 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 transaction 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 transaction of $18,627.20.

FiscalNote Trading Up 5.7%

NOTE stock traded up $0.04 during midday trading on Friday, reaching $0.75. 7,668,570 shares of the company's stock traded hands, compared to its average volume of 1,849,978. The company has a market capitalization of $118.66 million, a P/E ratio of -2.27 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.28 and a quick ratio of 1.28. FiscalNote Holdings, Inc. has a fifty-two week low of $0.48 and a fifty-two week high of $2.07. The business has a 50-day moving average price of $0.61 and a two-hundred day moving average price of $0.94.

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

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wall Street Zen raised shares of FiscalNote from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. LADENBURG THALM/SH SH began coverage on shares of FiscalNote in a research report on Thursday, May 1st. They issued a "buy" rating and a $2.50 target price on the stock. 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 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 research report on Tuesday, May 13th. Finally, B. Riley decreased their target price on shares of FiscalNote from $1.75 to $1.50 and set a "buy" rating on the stock in a research report on Friday, March 14th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $2.63.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC raised its stake 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 purchasing an additional 25,501 shares during the period. Northern Trust Corp raised its stake in shares of FiscalNote by 7.9% during the fourth 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 period. Mariner LLC raised its stake in shares of FiscalNote by 85.3% during the fourth quarter. Mariner LLC now owns 35,662 shares of the company's stock valued at $38,000 after purchasing an additional 16,418 shares during the period. Squarepoint Ops LLC purchased a new stake in shares of FiscalNote during the fourth quarter valued at approximately $87,000. Finally, Deutsche Bank AG raised its stake in shares of 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 purchasing an additional 113,333 shares during the period. 54.31% of the stock is owned by institutional investors and hedge funds.

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.