FiscalNote Holdings, Inc. (NYSE:NOTE) Director Tim Hwang Sells 56,795 Shares

FiscalNote Holdings, Inc. (NYSE:NOTE) Director Tim Hwang sold 56,795 shares of FiscalNote stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $1.22, for a total value of $69,289.90. Following the completion of the transaction, the director now directly owns 2,237,129 shares of the company’s stock, valued at $2,729,297.38. This represents a 2.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, November 25th, Tim Hwang sold 100 shares of FiscalNote stock. The shares were sold at an average price of $1.00, for a total value of $100.00.

FiscalNote Price Performance

Shares of NYSE:NOTE opened at $1.29 on Friday. FiscalNote Holdings, Inc. has a one year low of $0.75 and a one year 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 company has a market cap of $181.47 million, a price-to-earnings ratio of -5.84 and a beta of 0.41. The firm has a 50 day simple moving average of $1.17 and a 200 day simple moving average of $1.18.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. D. Boral Capital reiterated a “buy” rating and set a $3.50 price objective on shares of FiscalNote in a research note on Thursday, January 16th. B. Riley decreased their price objective on shares of FiscalNote from $2.00 to $1.75 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Finally, EF Hutton Acquisition Co. I upgraded FiscalNote to a “strong-buy” rating in a research note on Monday, October 28th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $2.83.

Institutional Investors Weigh In On FiscalNote

A number of hedge funds and other institutional investors have recently bought and sold shares of NOTE. Stonehill Capital Management LLC acquired a new stake in shares of FiscalNote during the third quarter valued at about $995,000. Marshall Wace LLP acquired a new stake in FiscalNote during the 2nd quarter worth approximately $608,000. Geode Capital Management LLC increased its position in 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 acquiring an additional 108,320 shares during the period. 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 worth $218,000 after purchasing an additional 96,457 shares during the last quarter. Finally, Barclays PLC raised its position in FiscalNote by 318.2% during the 3rd quarter. Barclays PLC now owns 86,286 shares of the company’s stock worth $110,000 after purchasing an additional 65,655 shares during the last quarter. Institutional investors own 54.31% of the company’s stock.

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.