FiscalNote Holdings, Inc. (NYSE:NOTE) Director Tim Hwang Sells 40,998 Shares

FiscalNote Holdings, Inc. (NYSE:NOTE - Get Free Report) Director Tim Hwang sold 40,998 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $0.64, for a total value of $26,238.72. Following the transaction, the director now directly owns 2,793,762 shares in the company, valued at approximately $1,788,007.68. This represents a 1.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Wednesday, May 7th, Tim Hwang sold 9,515 shares of FiscalNote stock. The shares were 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 shares were sold at an average price of $0.64, for a total value of $18,627.20.
• On Thursday, April 3rd, Tim Hwang sold 34,120 shares of FiscalNote stock. The shares were sold at an average price of $0.68, for a total value of $23,201.60.

FiscalNote Trading Up 0.0%

NOTE stock traded up $0.00 during midday trading on Friday, hitting $0.62. The stock had a trading volume of 1,306,982 shares, compared to its average volume of 1,629,459. The company's 50-day moving average price is $0.66 and its 200 day moving average price is $0.99. 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 Holdings, Inc. has a 12-month low of $0.56 and a 12-month high of $2.07. The firm has a market cap of $99.43 million, a PE ratio of -2.84 and a beta of 0.62.

FiscalNote (NYSE:NOTE - Get Free Report) last issued its quarterly earnings data 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 88.72% and a negative net margin of 22.27%. The company 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 fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its stake in FiscalNote by 83.2% during the 4th 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 during the period. Envestnet Asset Management Inc. lifted its holdings in shares of FiscalNote by 27.0% in 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 period. Wells Fargo & Company MN grew its holdings in FiscalNote by 58.0% during the fourth quarter. Wells Fargo & Company MN now owns 29,315 shares of the company's stock worth $31,000 after acquiring an additional 10,765 shares during the period. Wolverine Trading LLC boosted its position in shares of FiscalNote by 95.1% during the 4th quarter. Wolverine Trading LLC now owns 34,137 shares of the company's stock valued at $39,000 after purchasing an additional 16,637 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of FiscalNote by 250.0% in the 4th quarter. NewEdge Advisors LLC now owns 35,000 shares of the company's stock worth $37,000 after purchasing an additional 25,000 shares during the last quarter. Institutional investors and hedge funds own 54.31% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NOTE. B. Riley dropped their price target on shares of FiscalNote from $1.75 to $1.50 and set a "buy" rating on the stock in a research note on Friday, March 14th. LADENBURG THALM/SH SH assumed coverage on FiscalNote in a research note on Thursday, May 1st. They issued a "buy" rating and a $2.50 price target on the stock. D. Boral Capital reaffirmed a "buy" rating and set a $3.75 price objective on shares of FiscalNote in a research note on Tuesday, May 13th. Roth Mkm cut their target price on FiscalNote from $3.00 to $2.00 and set a "buy" rating for the company in a research note on Friday, March 14th. Finally, Wall Street Zen upgraded FiscalNote from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target 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.