Tim Hwang Sells 34,120 Shares of FiscalNote Holdings, Inc. (NYSE:NOTE) Stock

FiscalNote Holdings, Inc. (NYSE:NOTE) Director Tim Hwang sold 34,120 shares of the stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $0.68, for a total value of $23,201.60. Following the completion of the sale, the director now owns 2,621,872 shares of the company’s stock, valued at $1,782,872.96. The trade was a 1.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, March 3rd, Tim Hwang sold 51,137 shares of FiscalNote stock. The stock was sold at an average price of $1.13, for a total value of $57,784.81.
• On Monday, February 3rd, Tim Hwang sold 56,795 shares of FiscalNote stock. The shares were sold at an average price of $1.22, for a total value of $69,289.90.

FiscalNote Stock Performance

NOTE stock opened at $0.73 on Wednesday. The company has a market capitalization of $102.38 million, a price-to-earnings ratio of -3.30 and a beta of 0.59. The firm has a 50 day moving average of $1.17 and a two-hundred day moving average of $1.12. 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 Holdings, Inc. has a 12 month low of $0.61 and a 12 month high of $2.07.

FiscalNote (NYSE:NOTE) last posted its earnings results on Thursday, March 13th. The company reported ($0.10) EPS for the quarter, hitting the consensus estimate of ($0.10). FiscalNote had a negative net margin of 22.27% and a negative return on equity of 88.72%. The firm had revenue of $29.47 billion for the quarter, compared to the consensus estimate of $29.02 million. As a group, equities analysts anticipate that FiscalNote Holdings, Inc. will post -0.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NOTE. B. Riley reduced their price target on shares of FiscalNote from $1.75 to $1.50 and set a “buy” rating for the company in a research report on Friday, March 14th. Roth Mkm decreased their target price on shares of FiscalNote from $3.00 to $2.00 and set a “buy” rating for the company in a research note on Friday, March 14th. Finally, D. Boral Capital restated a “buy” rating and set a $3.75 price target on shares of FiscalNote in a report on Monday, March 17th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $2.66.

Institutional Investors Weigh In On FiscalNote

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its holdings in FiscalNote by 27.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 28,621 shares of the company’s stock valued at $31,000 after purchasing an additional 6,090 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of FiscalNote by 58.0% during the 4th quarter. Wells Fargo & Company MN now owns 29,315 shares of the company’s stock worth $31,000 after buying an additional 10,765 shares during the period. SG Americas Securities LLC boosted its holdings in shares of FiscalNote by 83.2% during the 4th quarter. SG Americas Securities LLC now owns 25,285 shares of the company’s stock worth $27,000 after buying an additional 11,486 shares during the period. Barclays PLC grew its stake in FiscalNote by 15.1% in the 4th quarter. Barclays PLC now owns 99,341 shares of the company’s stock valued at $106,000 after buying an additional 13,055 shares during the last quarter. Finally, Mariner LLC raised its holdings in FiscalNote by 85.3% in the 4th quarter. Mariner LLC now owns 35,662 shares of the company’s stock worth $38,000 after acquiring an additional 16,418 shares during the period. 54.31% of the stock is currently owned by institutional investors and hedge funds.

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.