Stock Traders Purchase Large Volume of FiscalNote Call Options (NYSE:NOTE)

FiscalNote Holdings, Inc. (NYSE:NOTE) was the target of some unusual options trading on Monday. Stock traders purchased 2,452 call options on the company. This represents an increase of 63% compared to the average daily volume of 1,501 call options.

FiscalNote Stock Performance

Shares of FiscalNote stock opened at $1.35 on Tuesday. The stock’s fifty day moving average is $1.33 and its two-hundred day moving average is $1.18. The company has a market capitalization of $189.94 million, a PE ratio of -6.11 and a beta of 0.41. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.44. FiscalNote has a 52 week low of $0.75 and a 52 week high of $2.27.

Insider Buying and Selling at FiscalNote

In other FiscalNote news, Director Tim Hwang sold 56,795 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $1.22, for a total transaction of $69,289.90. Following the completion of the sale, the director now directly owns 2,237,129 shares in the company, valued at $2,729,297.38. The trade was a 2.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 71,582 shares of company stock worth $88,314 in the last three months. 41.75% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On FiscalNote

Several hedge funds have recently bought and sold shares of NOTE. Stonehill Capital Management LLC bought a new position in shares of FiscalNote during the 3rd quarter worth $995,000. International Assets Investment Management LLC grew its position in shares of FiscalNote by 35.1% during the 3rd quarter. International Assets Investment Management LLC now owns 134,656 shares of the company’s stock worth $172,000 after buying an additional 34,956 shares in the last quarter. State Street Corp grew its position in shares of FiscalNote by 1.4% during the 3rd quarter. State Street Corp now owns 1,261,429 shares of the company’s stock worth $1,615,000 after buying an additional 17,624 shares in the last quarter. Geode Capital Management LLC grew its position in shares of FiscalNote by 7.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,550,931 shares of the company’s stock worth $1,986,000 after buying an additional 108,320 shares in the last quarter. Finally, Barclays PLC grew its position in shares of FiscalNote by 318.2% during the 3rd quarter. Barclays PLC now owns 86,286 shares of the company’s stock worth $110,000 after buying an additional 65,655 shares in the last quarter. Institutional investors own 54.31% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on NOTE shares. D. Boral Capital reiterated a “buy” rating and set a $3.50 price objective on shares of FiscalNote in a research note on Thursday, January 16th. EF Hutton Acquisition Co. I upgraded FiscalNote to a “strong-buy” rating in a research note on Monday, October 28th. Finally, B. Riley cut their price objective on FiscalNote from $2.00 to $1.75 and set a “buy” rating for the company in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, FiscalNote has an average rating of “Buy” and a consensus price target of $2.83.

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.