FiscalNote (NYSE:NOTE) Director Tim Hwang Sells 4,766 Shares

Key Points

• Tim Hwang, the Director of FiscalNote, sold 4,766 shares at an average price of $4.80, decreasing his ownership by 2.17% to a total of 214,490 shares valued at approximately $1,029,552.
• FiscalNote's stock rose 4.0% to $5.17 during midday trading, with a market cap of $74.16 million and a PE ratio of -1.35.
• The company reported negative earnings of ($0.96) EPS, beating analyst estimates, while projecting -0.43 EPS for the current year amidst high institutional investor interest.

FiscalNote Holdings, Inc. (NYSE:NOTE - Get Free Report) Director Tim Hwang sold 4,766 shares of FiscalNote stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $4.80, for a total transaction of $22,876.80. Following the sale, the director owned 214,490 shares of the company's stock, valued at approximately $1,029,552. This represents a 2.17% decrease in their position. The sale 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 Wednesday, September 3rd, Tim Hwang sold 5,785 shares of FiscalNote stock. The shares were sold at an average price of $4.24, for a total transaction of $24,528.40.
• On Friday, August 1st, Tim Hwang sold 4,679 shares of FiscalNote stock. The stock was 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 midday trading on Friday, reaching $5.17. 507,881 shares of the company were exchanged, compared to its average volume of 251,914. The firm has a market cap of $74.16 million, a PE ratio of -1.35 and a beta of 0.56. FiscalNote Holdings, Inc. has a fifty-two week low of $3.80 and a fifty-two week high of $24.36. The stock has a fifty day simple moving average of $5.75 and a two-hundred day simple moving average of $7.33. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.23.

FiscalNote (NYSE:NOTE - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.96) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.08) by $0.12. FiscalNote had a negative net margin of 41.79% and a negative return on equity of 61.31%. 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, sell-side analysts forecast that FiscalNote Holdings, Inc. will post -0.43 earnings per share for the current year.

Institutional Investors Weigh In On FiscalNote

A number of large investors have recently bought and sold shares of NOTE. Bank of New York Mellon Corp boosted its position in shares of FiscalNote by 26.9% during the 1st quarter. Bank of New York Mellon Corp now owns 143,153 shares of the company's stock worth $116,000 after acquiring an additional 30,362 shares in the last quarter. XTX Topco Ltd boosted its holdings in shares of FiscalNote by 338.3% during the 1st quarter. XTX Topco Ltd now owns 71,219 shares of the company's stock valued at $58,000 after acquiring an additional 54,970 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of FiscalNote during the fourth quarter valued at about $87,000. Jefferies Financial Group Inc. bought a new position in FiscalNote in the 1st quarter valued at approximately $40,000. Finally, Citizens Financial Group Inc. RI bought a new position in FiscalNote in the 1st quarter valued at approximately $154,000. 54.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.

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