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 FiscalNote stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $0.68, for a total transaction of $23,201.60. Following the completion of the sale, the director now owns 2,621,872 shares in the company, valued at approximately $1,782,872.96. This represents a 1.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

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

FiscalNote Trading Up 0.1 %

Shares of FiscalNote stock opened at $0.73 on Wednesday. The business has a fifty day simple moving average of $1.17 and a 200-day simple moving average of $1.12. FiscalNote Holdings, Inc. has a fifty-two week low of $0.61 and a fifty-two week high of $2.07. The firm has a market cap of $102.38 million, a price-to-earnings ratio of -3.30 and a beta of 0.59. 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 (NYSE:NOTE) last issued its quarterly earnings results on Thursday, March 13th. The company reported ($0.10) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.10). The company had revenue of $29.47 billion during the quarter, compared to the consensus estimate of $29.02 million. FiscalNote had a negative net margin of 22.27% and a negative return on equity of 88.72%. On average, equities analysts forecast that FiscalNote Holdings, Inc. will post -0.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. State Street Corp boosted its stake 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 acquiring an additional 17,624 shares in the last quarter. Barclays PLC lifted its holdings in shares of FiscalNote by 318.2% during the third quarter. Barclays PLC now owns 86,286 shares of the company’s stock valued at $110,000 after purchasing an additional 65,655 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of FiscalNote by 7.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,550,931 shares of the company’s stock valued at $1,986,000 after purchasing an additional 108,320 shares during the period. Charles Schwab Investment Management Inc. increased its stake in FiscalNote by 4.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 566,144 shares of the company’s stock worth $725,000 after purchasing an additional 21,811 shares in the last quarter. Finally, Arkadios Wealth Advisors acquired a new stake in FiscalNote during the 4th quarter worth about $40,000. Institutional investors and hedge funds own 54.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NOTE shares. B. Riley reduced their price target on 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 reduced their price objective on shares of FiscalNote from $3.00 to $2.00 and set a “buy” rating for the company in a report on Friday, March 14th. Finally, D. Boral Capital reissued a “buy” rating and set a $3.75 target price on shares of FiscalNote in a research note on Monday, March 17th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, FiscalNote currently has an average rating of “Buy” and an average target price of $2.66.

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.