FiscalNote Holdings, Inc. (NYSE:NOTE) Director Sells $32,569.90 in Stock

Key Points

• Director Tim Hwang sold 56,155 shares of FiscalNote Holdings, Inc. for a total of $32,569.90, reducing his position by 2.04% to 2,700,406 shares.
• FiscalNote reported a quarterly earnings miss with a loss of ($0.12) EPS, below the consensus estimate, while its revenue of $27.51 million exceeded expectations.
• Wall Street analysts have a consensus rating of "Moderate Buy" for FiscalNote, with an average target price of $2.63 per share.

FiscalNote Holdings, Inc. (NYSE:NOTE - Get Free Report) Director Tim Hwang sold 56,155 shares of FiscalNote stock in a transaction on Friday, August 1st. The stock was sold at an average price of $0.58, for a total transaction of $32,569.90. Following the sale, the director directly owned 2,700,406 shares in the company, valued at approximately $1,566,235.48. This trade represents a 2.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, July 1st, Tim Hwang sold 37,201 shares of FiscalNote stock. The stock was sold at an average price of $0.65, for a total transaction of $24,180.65.
• On Monday, June 2nd, Tim Hwang sold 40,998 shares of FiscalNote stock. The shares were sold at an average price of $0.64, for a total value 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 value of $6,089.60.

FiscalNote Trading Down 9.5%

NOTE traded down $0.06 on Friday, hitting $0.57. The company had a trading volume of 3,142,224 shares, compared to its average volume of 3,053,649. The company's fifty day moving average price is $0.63 and its 200 day moving average price is $0.85. FiscalNote Holdings, Inc. has a 1 year low of $0.48 and a 1 year high of $2.03. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.20. The firm has a market cap of $90.22 million, a P/E ratio of -1.78 and a beta of 0.59.

FiscalNote (NYSE:NOTE - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.08) earnings per share for the quarter, beating analysts' consensus estimates of ($0.09) by $0.01. FiscalNote had a negative net margin of 41.79% and a negative return on equity of 60.80%. The business had revenue of $23.26 million during the quarter, compared to analysts' expectations of $22.83 million. As a group, equities analysts expect that FiscalNote Holdings, Inc. will post -0.43 earnings per share for the current year.

Institutional Trading of FiscalNote

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its holdings in 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 purchasing an additional 6,090 shares during the period. Wells Fargo & Company MN raised its position in FiscalNote by 58.0% in the 4th quarter. Wells Fargo & Company MN now owns 29,315 shares of the company's stock valued at $31,000 after purchasing an additional 10,765 shares in the last quarter. Wolverine Trading LLC grew its position in shares of FiscalNote by 95.1% during the fourth quarter. Wolverine Trading LLC now owns 34,137 shares of the company's stock worth $39,000 after buying an additional 16,637 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of FiscalNote by 250.0% during the fourth quarter. NewEdge Advisors LLC now owns 35,000 shares of the company's stock worth $37,000 after buying an additional 25,000 shares in the last quarter. Finally, Mariner LLC raised its holdings in FiscalNote by 85.3% in the fourth quarter. Mariner LLC now owns 35,662 shares of the company's stock valued at $38,000 after acquiring an additional 16,418 shares in the last quarter. Hedge funds and other institutional investors own 54.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Wall Street Zen downgraded FiscalNote from a "hold" rating to a "sell" rating in a research note on Saturday. D. Boral Capital reissued a "buy" rating and issued a $3.75 price objective on shares of FiscalNote in a report on Tuesday, May 13th. Finally, LADENBURG THALM/SH SH began coverage on shares of FiscalNote in a research note on Thursday, May 1st. They set a "buy" rating and a $2.50 target price on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently 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.