Rhumbline Advisers Sells 10,156 Shares of FiscalNote Holdings, Inc. (NYSE:NOTE)

Rhumbline Advisers decreased its stake in shares of FiscalNote Holdings, Inc. (NYSE:NOTE) by 15.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 54,729 shares of the company’s stock after selling 10,156 shares during the quarter. Rhumbline Advisers’ holdings in FiscalNote were worth $80,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in NOTE. Vanguard Group Inc. boosted its stake in FiscalNote by 0.3% during the first quarter. Vanguard Group Inc. now owns 4,157,496 shares of the company’s stock worth $5,529,000 after buying an additional 12,853 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of FiscalNote by 51.5% in the 1st quarter. International Assets Investment Management LLC now owns 109,200 shares of the company’s stock valued at $136,000 after buying an additional 37,100 shares during the period. Finally, Natixis bought a new position in FiscalNote in the first quarter valued at approximately $40,000. Institutional investors and hedge funds own 54.31% of the company’s stock.

Insider Buying and Selling at FiscalNote

In other FiscalNote news, CEO Tim Hwang sold 64,211 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $1.27, for a total transaction of $81,547.97. Following the transaction, the chief executive officer now owns 2,541,513 shares of the company’s stock, valued at $3,227,721.51. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders sold a total of 139,058 shares of company stock worth $188,274 over the last ninety days. 47.59% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

NOTE has been the subject of a number of analyst reports. Northland Securities decreased their price objective on shares of FiscalNote from $6.00 to $5.00 and set an “outperform” rating for the company in a report on Monday, August 12th. DA Davidson reduced their price target 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. Finally, B. Riley reduced their price target on shares of FiscalNote from $2.25 to $2.00 and set a “buy” rating for the company in a report on Monday, August 12th.

FiscalNote Stock Performance

Shares of FiscalNote stock opened at $1.27 on Tuesday. The firm has a market cap of $170.66 million, a price-to-earnings ratio of -3.56 and a beta of 0.43. FiscalNote Holdings, Inc. has a one year low of $0.65 and a one year high of $2.28. The stock’s 50-day moving average is $1.35 and its 200-day moving average is $1.40. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.01 and a quick ratio of 1.01.

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. Equities analysts predict that FiscalNote Holdings, Inc. will post -0.43 earnings per share for the current fiscal year.

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.