Tim Hwang Sells 54,329 Shares of FiscalNote Holdings, Inc. (NYSE:NOTE) Stock

FiscalNote Holdings, Inc. (NYSE:NOTE) CEO Tim Hwang sold 54,329 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $1.42, for a total transaction of $77,147.18. Following the transaction, the chief executive officer now owns 2,662,043 shares in the company, valued at approximately $3,780,101.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

FiscalNote Stock Performance

NYSE:NOTE traded up $0.20 during midday trading on Wednesday, hitting $1.67. The company’s stock had a trading volume of 1,975,442 shares, compared to its average volume of 845,704. FiscalNote Holdings, Inc. has a fifty-two week low of $0.65 and a fifty-two week high of $4.51. The firm’s 50 day moving average is $1.36 and its 200-day moving average is $1.35. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $223.74 million, a P/E ratio of -4.53 and a beta of 0.45.

FiscalNote (NYSE:NOTE) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.05. FiscalNote had a negative net margin of 48.89% and a negative return on equity of 141.98%. The company had revenue of $32.11 million for the quarter, compared to the consensus estimate of $30.89 million. During the same quarter in the prior year, the company earned ($0.11) EPS. Equities analysts anticipate that FiscalNote Holdings, Inc. will post -0.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On FiscalNote

Hedge funds have recently bought and sold shares of the stock. Natixis purchased a new stake in FiscalNote in the 1st quarter worth approximately $40,000. PFG Investments LLC purchased a new stake in FiscalNote in the 1st quarter worth approximately $61,000. International Assets Investment Management LLC boosted its position in FiscalNote by 196.7% in the 4th quarter. International Assets Investment Management LLC now owns 82,194 shares of the company’s stock worth $94,000 after purchasing an additional 54,494 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position 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 valued at $5,529,000 after buying an additional 12,853 shares in the last quarter. Hedge funds and other institutional investors own 54.31% of the company’s stock.

Analysts Set New Price Targets

NOTE has been the topic of several recent analyst reports. B. Riley upped their price objective on shares of FiscalNote from $1.75 to $2.25 and gave the company a “buy” rating in a report on Wednesday, March 13th. DA Davidson increased their price target on shares of FiscalNote from $0.65 to $1.75 and gave the stock a “neutral” rating in a report on Wednesday, March 13th.

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.