Insider Selling: FiscalNote Holdings, Inc. (NYSE:NOTE) CEO Sells 22,186 Shares of Stock

FiscalNote Holdings, Inc. (NYSE:NOTE - Get Free Report) CEO Tim Hwang sold 22,186 shares of the business's stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $1.18, for a total transaction of $26,179.48. Following the completion of the sale, the chief executive officer now directly owns 2,471,867 shares in the company, valued at approximately $2,916,803.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, October 1st, Tim Hwang sold 25,000 shares of FiscalNote stock. The shares were sold at an average price of $1.24, for a total transaction of $31,000.00.
• On Tuesday, September 3rd, Tim Hwang sold 64,211 shares of FiscalNote stock. The stock was sold at an average price of $1.27, for a total value of $81,547.97.
• On Thursday, August 1st, Tim Hwang sold 56,319 shares of FiscalNote stock. The shares were sold at an average price of $1.41, for a total value of $79,409.79.

FiscalNote Price Performance

FiscalNote stock traded down $0.02 during midday trading on Monday, hitting $1.17. 428,846 shares of the company's stock were exchanged, compared to its average volume of 689,056. The stock has a 50-day moving average price of $1.29 and a two-hundred day moving average price of $1.38. FiscalNote Holdings, Inc. has a 52-week low of $0.65 and a 52-week high of $2.27. The company has a market cap of $157.22 million, a P/E ratio of -3.25 and a beta of 0.43. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.01 and a current ratio of 1.01.

FiscalNote (NYSE:NOTE - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.04. The company had revenue of $29.25 million for the quarter, compared to analysts' expectations of $29.05 million. FiscalNote had a negative net margin of 36.20% and a negative return on equity of 115.06%. During the same period in the prior year, the business earned ($0.23) earnings per share. On average, equities research analysts forecast that FiscalNote Holdings, Inc. will post -0.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on NOTE shares. DA Davidson cut their target price on FiscalNote from $1.35 to $1.05 and set a "neutral" rating for the company in a research note on Friday, August 9th. Northland Securities reduced their price objective on shares of FiscalNote from $6.00 to $5.00 and set an "outperform" rating for the company in a research note on Monday, August 12th. Finally, B. Riley decreased their target price on shares of FiscalNote from $2.25 to $2.00 and set a "buy" rating on the stock in a report on Monday, August 12th.

Institutional Trading of FiscalNote

Several institutional investors and hedge funds have recently made changes to their positions in NOTE. International Assets Investment Management LLC increased its stake in FiscalNote by 51.5% in the first quarter. International Assets Investment Management LLC now owns 109,200 shares of the company's stock valued at $136,000 after acquiring an additional 37,100 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of FiscalNote by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 4,157,496 shares of the company's stock worth $5,529,000 after purchasing an additional 12,853 shares in the last quarter. Natixis bought a new position in shares of FiscalNote during the 1st quarter valued at about $40,000. Marshall Wace LLP purchased a new position in shares of FiscalNote during the 2nd quarter valued at about $608,000. Finally, Squarepoint Ops LLC lifted its position in FiscalNote by 181.9% in the 2nd quarter. Squarepoint Ops LLC now owns 149,490 shares of the company's stock worth $218,000 after buying an additional 96,457 shares during the last quarter. Hedge funds and other institutional investors own 54.31% of the company's stock.

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.

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