FiscalNote (NYSE:NOTE) Director Tim Hwang Sells 5,590 Shares

FiscalNote Holdings, Inc. (NYSE:NOTE) Director Tim Hwang sold 5,590 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $1.91, for a total transaction of $10,676.90. Following the sale, the director directly owned 201,205 shares in the company, valued at $384,301.55. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, November 6th, Tim Hwang sold 7,695 shares of FiscalNote stock. The shares were sold at an average price of $2.59, for a total transaction of $19,930.05.
• On Wednesday, October 1st, Tim Hwang sold 4,766 shares of FiscalNote stock. The shares were sold at an average price of $4.80, for a total transaction of $22,876.80.

FiscalNote Trading Up 5.0%

NYSE NOTE traded up $0.10 during mid-day trading on Thursday, reaching $2.11. 320,763 shares of the stock were exchanged, compared to its average volume of 250,900. The stock has a market capitalization of $33.15 million, a PE ratio of -0.50 and a beta of 0.58. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.01 and a current ratio of 1.01. FiscalNote Holdings, Inc. has a 1-year low of $1.88 and a 1-year high of $24.36. The business’s fifty day simple moving average is $3.60 and its 200 day simple moving average is $5.66.

FiscalNote (NYSE:NOTE) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($1.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.84) by ($0.89). FiscalNote had a negative return on equity of 75.96% and a negative net margin of 54.31%.The business had revenue of $22.43 million for the quarter, compared to analyst estimates of $22.83 million. On average, research analysts anticipate that FiscalNote Holdings, Inc. will post -0.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of FiscalNote in a research report on Wednesday, October 8th. D. Boral Capital reiterated a “buy” rating and set a $45.00 target price on shares of FiscalNote in a report on Tuesday, August 12th. Finally, Wall Street Zen lowered shares of FiscalNote from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.25.

Institutional Trading of FiscalNote

Hedge funds and other institutional investors have recently modified their holdings of the business. Yorkville Advisors Global LP purchased a new position in shares of FiscalNote during the 3rd quarter valued at approximately $440,000. Raymond James Financial Inc. raised its holdings in FiscalNote by 4,900.0% in the third quarter. Raymond James Financial Inc. now owns 15,000 shares of the company’s stock valued at $69,000 after acquiring an additional 14,700 shares in the last quarter. Two Sigma Investments LP bought a new position in FiscalNote during the 3rd quarter valued at $64,000. Marex Group plc acquired a new position in FiscalNote during the 2nd quarter worth $89,000. Finally, NewEdge Advisors LLC grew its holdings in FiscalNote by 617.6% during the 2nd quarter. NewEdge Advisors LLC now owns 268,094 shares of the company’s stock worth $144,000 after acquiring an additional 230,733 shares in the last quarter. 54.31% of the stock is owned by hedge funds and other institutional investors.

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.