FiscalNote (NYSE:NOTE) Director Sells $19,930.05 in Stock

FiscalNote Holdings, Inc. (NYSE:NOTE) Director Tim Hwang sold 7,695 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $2.59, for a total transaction of $19,930.05. Following the sale, the director directly owned 206,795 shares in the company, valued at approximately $535,599.05. The trade was a 3.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, October 1st, Tim Hwang sold 4,766 shares of FiscalNote stock. The shares were sold at an average price of $4.80, for a total transaction of $22,876.80.
• On Wednesday, September 3rd, Tim Hwang sold 5,785 shares of FiscalNote stock. The stock was sold at an average price of $4.24, for a total transaction of $24,528.40.

FiscalNote Stock Down 2.0%

Shares of NYSE NOTE opened at $2.70 on Thursday. The firm’s 50-day moving average price is $4.36 and its 200-day moving average price is $6.27. The company has a current ratio of 1.01, a quick ratio of 1.25 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $38.78 million, a price-to-earnings ratio of -0.64 and a beta of 0.55. FiscalNote Holdings, Inc. has a 12-month low of $2.50 and a 12-month high of $24.36.

FiscalNote (NYSE:NOTE) last released its quarterly earnings results on Thursday, November 6th. The company reported ($1.73) EPS for the quarter, missing the consensus estimate of ($0.84) by ($0.89). FiscalNote had a negative return on equity of 75.96% and a negative net margin of 54.31%.The company had revenue of $22.43 million during the quarter, compared to analysts’ expectations of $22.83 million. FiscalNote has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts anticipate that FiscalNote Holdings, Inc. will post -0.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NOTE. Weiss Ratings reissued a “sell (e+)” rating on shares of FiscalNote in a research report on Wednesday, October 8th. D. Boral Capital restated a “buy” rating and issued a $45.00 price target on shares of FiscalNote in a research report on Tuesday, August 12th. Finally, Wall Street Zen cut shares of FiscalNote from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, FiscalNote presently has an average rating of “Moderate Buy” and an average target price of $29.25.

Institutional Investors Weigh In On FiscalNote

A number of institutional investors and hedge funds have recently modified their holdings of NOTE. Bank of America Corp DE boosted its holdings in FiscalNote by 51.5% during the 4th quarter. Bank of America Corp DE now owns 49,042 shares of the company’s stock valued at $52,000 after acquiring an additional 16,675 shares during the period. R Squared Ltd bought a new stake in shares of FiscalNote during the second quarter worth $27,000. Jefferies Financial Group Inc. bought a new stake in shares of FiscalNote during the first quarter worth $40,000. XTX Topco Ltd boosted its stake in shares of FiscalNote by 338.3% during the first quarter. XTX Topco Ltd now owns 71,219 shares of the company’s stock valued at $58,000 after purchasing an additional 54,970 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of FiscalNote by 26.9% in the first quarter. Bank of New York Mellon Corp now owns 143,153 shares of the company’s stock worth $116,000 after purchasing an additional 30,362 shares during the last quarter. 54.31% of the stock is owned by institutional investors.

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.