FiscalNote Holdings, Inc. (NYSE:NOTE) Director Tim Hwang Sells 34,120 Shares

FiscalNote Holdings, Inc. (NYSE:NOTE - Get Free Report) Director Tim Hwang sold 34,120 shares of the business's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $0.68, for a total transaction of $23,201.60. Following the transaction, the director now owns 2,621,872 shares in the company, valued at $1,782,872.96. This represents a 1.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, March 3rd, Tim Hwang sold 51,137 shares of FiscalNote stock. The shares were sold at an average price of $1.13, for a total value of $57,784.81.
• On Monday, February 3rd, Tim Hwang sold 56,795 shares of FiscalNote stock. The stock was sold at an average price of $1.22, for a total value of $69,289.90.

FiscalNote Stock Performance

Shares of NOTE traded up $0.00 during midday trading on Friday, reaching $0.67. 853,737 shares of the stock were exchanged, compared to its average volume of 1,508,403. The stock's 50 day simple moving average is $1.12 and its 200 day simple moving average is $1.10. The company has a market cap of $107.51 million, a P/E ratio of -3.03 and a beta of 0.59. FiscalNote Holdings, Inc. has a twelve month low of $0.61 and a twelve month high of $2.07. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.44.

FiscalNote (NYSE:NOTE - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The company reported ($0.10) earnings per share for the quarter, hitting the consensus estimate of ($0.10). FiscalNote had a negative net margin of 22.27% and a negative return on equity of 88.72%. The business had revenue of $29.47 billion during the quarter, compared to analysts' expectations of $29.02 million. On average, sell-side analysts expect that FiscalNote Holdings, Inc. will post -0.43 earnings per share for the current year.

Institutional Investors Weigh In On FiscalNote

Several institutional investors have recently made changes to their positions in NOTE. SG Americas Securities LLC grew its stake in FiscalNote by 83.2% during the fourth quarter. SG Americas Securities LLC now owns 25,285 shares of the company's stock worth $27,000 after buying an additional 11,486 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of FiscalNote by 27.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 28,621 shares of the company's stock worth $31,000 after acquiring an additional 6,090 shares in the last quarter. Wells Fargo & Company MN increased its stake in FiscalNote by 58.0% in the fourth quarter. Wells Fargo & Company MN now owns 29,315 shares of the company's stock valued at $31,000 after acquiring an additional 10,765 shares during the last quarter. NewEdge Advisors LLC increased its stake in FiscalNote by 250.0% in the fourth quarter. NewEdge Advisors LLC now owns 35,000 shares of the company's stock valued at $37,000 after acquiring an additional 25,000 shares during the last quarter. Finally, Mariner LLC raised its position in FiscalNote by 85.3% during the fourth quarter. Mariner LLC now owns 35,662 shares of the company's stock valued at $38,000 after purchasing an additional 16,418 shares in the last quarter. 54.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. D. Boral Capital reaffirmed a "buy" rating and set a $3.75 price objective on shares of FiscalNote in a research report on Monday, March 17th. B. Riley cut their target price on shares of FiscalNote from $1.75 to $1.50 and set a "buy" rating for the company in a research note on Friday, March 14th. Finally, Roth Mkm decreased their price target on shares of FiscalNote from $3.00 to $2.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $2.66.

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.