Kennedy Capital Management LLC Purchases 1,381,166 Shares of FiscalNote Holdings, Inc. (NYSE:NOTE)

Kennedy Capital Management LLC boosted its position in FiscalNote Holdings, Inc. (NYSE:NOTE - Free Report) by 154.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,272,722 shares of the company's stock after buying an additional 1,381,166 shares during the quarter. Kennedy Capital Management LLC owned approximately 1.61% of FiscalNote worth $2,432,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of NOTE. Charles Schwab Investment Management Inc. grew its stake in FiscalNote by 4.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 566,144 shares of the company's stock valued at $725,000 after purchasing an additional 21,811 shares in the last quarter. State Street Corp grew its stake in shares of FiscalNote by 1.4% in the third quarter. State Street Corp now owns 1,261,429 shares of the company's stock valued at $1,615,000 after buying an additional 17,624 shares in the last quarter. Barclays PLC increased its holdings in FiscalNote by 318.2% during the third quarter. Barclays PLC now owns 86,286 shares of the company's stock worth $110,000 after buying an additional 65,655 shares during the last quarter. Geode Capital Management LLC raised its position in FiscalNote by 7.5% during the third quarter. Geode Capital Management LLC now owns 1,550,931 shares of the company's stock worth $1,986,000 after acquiring an additional 108,320 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in FiscalNote in the third quarter valued at $47,000. Institutional investors own 54.31% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NOTE. Roth Mkm dropped their target price on shares of FiscalNote from $3.00 to $2.00 and set a "buy" rating on the stock in a report on Friday, March 14th. D. Boral Capital restated a "buy" rating and issued a $3.75 price objective on shares of FiscalNote in a research note on Monday, March 17th. Finally, B. Riley reduced their target price on FiscalNote from $1.75 to $1.50 and set a "buy" rating for the company in a research note on Friday, March 14th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $2.66.

FiscalNote Stock Performance

NOTE stock traded down $0.01 during mid-day trading on Friday, hitting $0.63. 796,935 shares of the company were exchanged, compared to its average volume of 1,526,723. FiscalNote Holdings, Inc. has a 1-year low of $0.60 and a 1-year high of $2.07. The stock has a market capitalization of $101.05 million, a PE ratio of -2.85 and a beta of 0.59. The business has a 50 day simple moving average of $1.04 and a 200-day simple moving average of $1.08. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.44.

FiscalNote (NYSE:NOTE - Get Free Report) last released its quarterly earnings results 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 return on equity of 88.72% and a negative net margin of 22.27%. The business had revenue of $29.47 billion during the quarter, compared to analysts' expectations of $29.02 million. On average, equities analysts forecast that FiscalNote Holdings, Inc. will post -0.43 earnings per share for the current year.

Insider Activity

In other news, Director Tim Hwang sold 56,795 shares of FiscalNote stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $1.22, for a total value of $69,289.90. Following the completion of the sale, the director now directly owns 2,237,129 shares in the company, valued at approximately $2,729,297.38. The trade was a 2.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 155,604 shares of company stock valued at $165,080. 41.75% of the stock is owned by company insiders.

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.