FiscalNote Target of Unusually Large Options Trading (NYSE:NOTE)

FiscalNote Holdings, Inc. (NYSE:NOTE) was the recipient of some unusual options trading activity on Friday. Traders acquired 2,364 call options on the stock. This represents an increase of 1,718% compared to the average daily volume of 130 call options.

Insider Buying and Selling at FiscalNote

In other FiscalNote news, CEO Tim Hwang sold 25,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $1.24, for a total transaction of $31,000.00. Following the completion of the transaction, the chief executive officer now owns 2,516,513 shares of the company’s stock, valued at approximately $3,120,476.12. This trade represents a 0.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last three months, insiders sold 55,910 shares of company stock worth $66,825. 47.59% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FiscalNote

Several institutional investors have recently bought and sold shares of NOTE. Vanguard Group Inc. lifted its holdings 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 acquiring an additional 12,853 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of FiscalNote in the second quarter worth about $608,000. Squarepoint Ops LLC grew its stake in shares of FiscalNote by 181.9% in the second quarter. Squarepoint Ops LLC now owns 149,490 shares of the company’s stock valued at $218,000 after buying an additional 96,457 shares in the last quarter. AQR Capital Management LLC purchased a new stake in shares of FiscalNote during the 2nd quarter valued at about $26,000. Finally, International Assets Investment Management LLC lifted its position in 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 acquiring an additional 34,956 shares in the last quarter. 54.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. B. Riley decreased their target price on shares of FiscalNote from $2.00 to $1.75 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. EF Hutton Acquisition Co. I upgraded FiscalNote to a “strong-buy” rating in a research note on Monday, October 28th.

FiscalNote Stock Up 4.6 %

NOTE stock traded up $0.04 during trading on Friday, reaching $0.94. 728,397 shares of the stock traded hands, compared to its average volume of 680,720. FiscalNote has a 52-week low of $0.75 and a 52-week high of $2.27. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.81 and a quick ratio of 0.81. The business’s 50 day moving average price is $0.97 and its 200-day moving average price is $1.26.

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.