FiscalNote Holdings, Inc. (NYSE:NOTE) CEO Tim Hwang Sells 25,000 Shares

FiscalNote Holdings, Inc. (NYSE:NOTE) CEO Tim Hwang sold 25,000 shares of FiscalNote stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $1.24, for a total value of $31,000.00. Following the transaction, the chief executive officer now owns 2,516,513 shares in the company, valued at approximately $3,120,476.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• 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 transaction 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 transaction of $79,409.79.

FiscalNote Stock Down 1.7 %

NOTE traded down $0.02 during trading hours on Thursday, hitting $1.19. 178,663 shares of the company’s stock were exchanged, compared to its average volume of 692,921. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.36. FiscalNote Holdings, Inc. has a 1-year low of $0.65 and a 1-year high of $2.28. The stock’s 50-day moving average is $1.31 and its two-hundred day moving average is $1.39. The stock has a market cap of $159.91 million, a price-to-earnings ratio of -3.31 and a beta of 0.43.

FiscalNote (NYSE:NOTE) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.04. The company had revenue of $29.25 million during the quarter, compared to the consensus estimate 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 posted ($0.23) EPS. Sell-side analysts predict that FiscalNote Holdings, Inc. will post -0.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of FiscalNote by 0.3% during 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. Marshall Wace LLP bought a new position in shares of FiscalNote in the second quarter valued at $608,000. Squarepoint Ops LLC raised its position in FiscalNote by 181.9% during the second quarter. Squarepoint Ops LLC now owns 149,490 shares of the company’s stock worth $218,000 after acquiring an additional 96,457 shares in the last quarter. International Assets Investment Management LLC lifted 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. Finally, Natixis bought a new position in shares of FiscalNote in the 1st quarter valued at about $40,000. 54.31% of the stock is currently owned by 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.