FiscalNote Holdings, Inc. (NYSE:NOTE) Director Sells $26,238.72 in Stock

FiscalNote Holdings, Inc. (NYSE:NOTE - Get Free Report) Director Tim Hwang sold 40,998 shares of FiscalNote stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $0.64, for a total transaction of $26,238.72. Following the transaction, the director now directly owns 2,793,762 shares of the company's stock, valued at approximately $1,788,007.68. This trade represents a 1.45% decrease in their ownership of the stock. The transaction 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 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.
• 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 transaction of $23,201.60.

FiscalNote Price Performance

NOTE stock traded down $0.00 during midday trading on Friday, reaching $0.61. The company had a trading volume of 1,741,043 shares, compared to its average volume of 1,638,879. The company has a market capitalization of $96.67 million, a price-to-earnings ratio of -2.78 and a beta of 0.61. The stock has a 50 day moving average price of $0.65 and a 200-day moving average price of $0.99. FiscalNote Holdings, Inc. has a 1-year low of $0.56 and a 1-year high of $2.07. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.81 and a quick ratio of 0.81.

FiscalNote (NYSE:NOTE - Get Free Report) last posted 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). The company had revenue of $27.51 million during the quarter, compared to analyst estimates of $26.43 million. FiscalNote had a negative net margin of 22.27% and a negative return on equity of 88.72%. Equities research analysts expect that FiscalNote Holdings, Inc. will post -0.43 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on NOTE. Wall Street Zen raised shares of FiscalNote from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. B. Riley reduced 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. 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. Roth Mkm reduced their target price on shares of FiscalNote from $3.00 to $2.00 and set a "buy" rating for the company in a research report on Friday, March 14th. Finally, LADENBURG THALM/SH SH assumed coverage on shares of FiscalNote in a research report on Thursday, May 1st. They issued a "buy" rating and a $2.50 target price for the company. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $2.63.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NOTE. SG Americas Securities LLC raised its stake in FiscalNote by 83.2% in the fourth quarter. SG Americas Securities LLC now owns 25,285 shares of the company's stock valued at $27,000 after purchasing an additional 11,486 shares in the last quarter. Fortis Group Advisors LLC acquired a new position in FiscalNote during the fourth quarter worth about $51,000. Virtu Financial LLC raised its stake in FiscalNote by 47.9% during the fourth quarter. Virtu Financial LLC now owns 54,432 shares of the company's stock worth $58,000 after acquiring an additional 17,631 shares in the last quarter. LPL Financial LLC raised its stake 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 acquiring an additional 75,000 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in FiscalNote by 1.6% during 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. Institutional investors and hedge funds own 54.31% of the company's stock.

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.