FiscalNote Sees Unusually Large Options Volume (NYSE:NOTE)

FiscalNote Holdings, Inc. (NYSE:NOTE) was the recipient of some unusual options trading activity on Monday. Investors purchased 2,452 call options on the company. This is an increase of 63% compared to the average volume of 1,501 call options.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. EF Hutton Acquisition Co. I raised shares of FiscalNote to a “strong-buy” rating in a research report on Monday, October 28th. D. Boral Capital reissued a “buy” rating and set a $3.50 price target on shares of FiscalNote in a research report on Thursday, January 16th. Finally, B. Riley reduced their price target 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. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $2.83.

FiscalNote Stock Up 4.6 %

Shares of NYSE:NOTE traded up $0.07 during midday trading on Monday, reaching $1.47. 5,379,453 shares of the company were exchanged, compared to its average volume of 4,971,379. FiscalNote has a fifty-two week low of $0.75 and a fifty-two week high of $2.27. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.44. The stock has a fifty day simple moving average of $1.33 and a two-hundred day simple moving average of $1.18. The firm has a market cap of $206.88 million, a PE ratio of -6.63 and a beta of 0.41.

Insider Buying and Selling at FiscalNote

In other FiscalNote news, Director Tim Hwang sold 56,795 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 2,237,129 shares of the company’s stock, valued at approximately $2,729,297.38. This trade represents a 2.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders have sold 71,582 shares of company stock valued at $88,314. 41.75% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FiscalNote

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Kennedy Capital Management LLC raised its holdings in shares of FiscalNote by 154.9% during the fourth quarter. Kennedy Capital Management LLC now owns 2,272,722 shares of the company’s stock worth $2,432,000 after acquiring an additional 1,381,166 shares during the period. Geode Capital Management LLC raised its holdings in shares of FiscalNote by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 1,576,432 shares of the company’s stock worth $1,687,000 after acquiring an additional 25,501 shares during the period. State Street Corp raised its holdings in shares of FiscalNote by 1.4% during the third quarter. State Street Corp now owns 1,261,429 shares of the company’s stock worth $1,615,000 after acquiring an additional 17,624 shares during the period. Stonehill Capital Management LLC acquired a new stake in shares of FiscalNote during the third quarter worth $995,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of FiscalNote by 4.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 566,144 shares of the company’s stock worth $725,000 after acquiring an additional 21,811 shares during the period. 54.31% of the stock is currently owned by institutional investors and hedge funds.

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.