Tim Hwang Sells 5,785 Shares of FiscalNote (NYSE:NOTE) Stock

FiscalNote Holdings, Inc. (NYSE:NOTE) Director Tim Hwang sold 5,785 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $4.24, for a total transaction of $24,528.40. Following the completion of the transaction, the director owned 219,256 shares of the company’s stock, valued at approximately $929,645.44. This represents a 2.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Friday, August 1st, Tim Hwang sold 4,679 shares of FiscalNote stock. The stock was sold at an average price of $6.96, for a total transaction of $32,565.84.

FiscalNote Trading Up 4.0%

NOTE stock opened at $5.17 on Friday. FiscalNote Holdings, Inc. has a 52-week low of $3.80 and a 52-week high of $24.36. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.23. The firm has a market cap of $74.14 million, a P/E ratio of -1.35 and a beta of 0.56. The company’s 50-day simple moving average is $5.67 and its 200-day simple moving average is $7.32.

FiscalNote (NYSE:NOTE) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.96) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.08) by $0.12. The company had revenue of $23.26 million during the quarter, compared to analysts’ expectations of $22.83 million. FiscalNote had a negative return on equity of 61.31% and a negative net margin of 41.79%. FiscalNote has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts forecast that FiscalNote Holdings, Inc. will post -0.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on NOTE shares. D. Boral Capital reissued a “buy” rating and issued a $45.00 price target on shares of FiscalNote in a research note on Tuesday, August 12th. Weiss Ratings reiterated a “sell (e+)” rating on shares of FiscalNote in a research report on Saturday, September 27th. Finally, Wall Street Zen downgraded shares of FiscalNote from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.25.

Institutional Investors Weigh In On FiscalNote

A number of large investors have recently modified their holdings of NOTE. R Squared Ltd purchased a new position in shares of FiscalNote in the second quarter worth about $27,000. Jefferies Financial Group Inc. acquired a new stake in FiscalNote in the 1st quarter valued at about $40,000. Bank of America Corp DE lifted its stake in FiscalNote by 51.5% in the 4th quarter. Bank of America Corp DE now owns 49,042 shares of the company’s stock worth $52,000 after purchasing an additional 16,675 shares in the last quarter. XTX Topco Ltd boosted its holdings in shares of FiscalNote by 338.3% during the 1st quarter. XTX Topco Ltd now owns 71,219 shares of the company’s stock worth $58,000 after purchasing an additional 54,970 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of FiscalNote by 25.2% in the second quarter. International Assets Investment Management LLC now owns 158,835 shares of the company’s stock valued at $85,000 after purchasing an additional 32,000 shares in the last quarter. Hedge funds and other 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.