Insider Selling: FiscalNote Holdings, Inc. (NYSE:NOTE) Director Sells 56,795 Shares of Stock

FiscalNote Holdings, Inc. (NYSE:NOTE) Director Tim Hwang sold 56,795 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 2,237,129 shares of the company’s stock, valued at approximately $2,729,297.38. This trade represents a 2.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, November 25th, Tim Hwang sold 100 shares of FiscalNote stock. The shares were sold at an average price of $1.00, for a total value of $100.00.

FiscalNote Stock Up 3.5 %

FiscalNote stock opened at $1.33 on Thursday. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $187.12 million, a PE ratio of -6.02 and a beta of 0.41. The business has a 50 day simple moving average of $1.15 and a 200-day simple moving average of $1.18. FiscalNote Holdings, Inc. has a 12 month low of $0.75 and a 12 month high of $2.27.

Analysts Set New Price Targets

NOTE has been the topic of several recent research reports. B. Riley lowered their price objective on FiscalNote from $2.00 to $1.75 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. D. Boral Capital reissued a “buy” rating and set a $3.50 price target on shares of FiscalNote in a report on Thursday, January 16th. Finally, EF Hutton Acquisition Co. I raised shares of FiscalNote to a “strong-buy” rating in a report on Monday, October 28th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, FiscalNote currently has an average rating of “Buy” and a consensus price target of $2.83.

Institutional Investors Weigh In On FiscalNote

Institutional investors have recently added to or reduced their stakes in the stock. Stonehill Capital Management LLC acquired a new position in shares of FiscalNote during the third quarter valued at approximately $995,000. Marshall Wace LLP purchased a new stake in FiscalNote in the 2nd quarter valued at $608,000. Geode Capital Management LLC grew its holdings in shares of FiscalNote by 7.5% in the third quarter. Geode Capital Management LLC now owns 1,550,931 shares of the company’s stock valued at $1,986,000 after purchasing an additional 108,320 shares during the period. Squarepoint Ops LLC increased its holdings in shares of FiscalNote by 181.9% during 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. Finally, Barclays PLC lifted its holdings in FiscalNote by 318.2% in the third quarter. Barclays PLC now owns 86,286 shares of the company’s stock valued at $110,000 after acquiring an additional 65,655 shares during the last quarter. Institutional investors and hedge funds 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.