FiscalNote (NYSE:NOTE) Director Sells $24,528.40 in Stock

Key Points

• FiscalNote Director Tim Hwang sold 5,785 shares of stock for $24,528.40 on September 3rd, decreasing his ownership by 2.57%.
• On Friday, the company's stock increased by 4.0% to reach $5.17, with a trading volume significantly above its average.
• FiscalNote reported a quarterly revenue of $23.26 million, exceeding expectations, with an EPS of ($0.96), beating the consensus estimate of ($1.08).

FiscalNote Holdings, Inc. (NYSE:NOTE - Get Free Report) Director Tim Hwang sold 5,785 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $4.24, for a total value of $24,528.40. Following the completion of the transaction, the director owned 219,256 shares of the company's stock, valued at $929,645.44. The trade was a 2.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, October 1st, Tim Hwang sold 4,766 shares of FiscalNote stock. The stock was sold at an average price of $4.80, for a total transaction of $22,876.80.
• On Friday, August 1st, Tim Hwang sold 4,679 shares of FiscalNote stock. The shares were sold at an average price of $6.96, for a total value of $32,565.84.

FiscalNote Stock Up 4.0%

Shares of NYSE:NOTE traded up $0.20 during trading on Friday, hitting $5.17. The company's stock had a trading volume of 507,881 shares, compared to its average volume of 251,914. FiscalNote Holdings, Inc. has a fifty-two week low of $3.80 and a fifty-two week high of $24.36. The company has a market capitalization of $74.16 million, a PE ratio of -1.35 and a beta of 0.56. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.25 and a current ratio of 1.25. The business has a 50 day moving average price of $5.75 and a two-hundred day moving average price of $7.33.

FiscalNote (NYSE:NOTE - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($0.96) earnings per share for the quarter, topping the consensus estimate of ($1.08) by $0.12. FiscalNote had a negative return on equity of 61.31% and a negative net margin of 41.79%.The company had revenue of $23.26 million for the quarter, compared to the consensus estimate of $22.83 million. FiscalNote has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts expect that FiscalNote Holdings, Inc. will post -0.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NOTE. D. Boral Capital reiterated a "buy" rating and set a $45.00 price target on shares of FiscalNote in a research note on Tuesday, August 12th. Weiss Ratings restated a "sell (e+)" rating on shares of FiscalNote in a research report on Saturday, September 27th. Finally, Wall Street Zen cut shares of FiscalNote from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, FiscalNote has a consensus rating of "Moderate Buy" and an average price target of $29.25.

Institutional Investors Weigh In On FiscalNote

A number of large investors have recently added to or reduced their stakes in NOTE. Bank of America Corp DE raised its position in FiscalNote by 51.5% during the fourth quarter. Bank of America Corp DE now owns 49,042 shares of the company's stock worth $52,000 after acquiring an additional 16,675 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in FiscalNote by 26.9% in the 1st quarter. Bank of New York Mellon Corp now owns 143,153 shares of the company's stock valued at $116,000 after buying an additional 30,362 shares in the last quarter. International Assets Investment Management LLC grew its holdings in FiscalNote by 25.2% during the 2nd quarter. International Assets Investment Management LLC now owns 158,835 shares of the company's stock valued at $85,000 after buying an additional 32,000 shares during the last quarter. Goldman Sachs Group Inc. increased its position in FiscalNote by 8.2% during the first quarter. Goldman Sachs Group Inc. now owns 475,798 shares of the company's stock worth $384,000 after buying an additional 35,984 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of FiscalNote in the second quarter valued at $27,000. 54.31% of the stock is owned by institutional investors and hedge funds.

FiscalNote Company Profile

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.

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