AQR Capital Management LLC Takes Position in FiscalNote Holdings, Inc. (NYSE:NOTE)

AQR Capital Management LLC purchased a new position in FiscalNote Holdings, Inc. (NYSE:NOTE) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 17,695 shares of the company’s stock, valued at approximately $26,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Natixis bought a new position in shares of FiscalNote during the first quarter valued at approximately $40,000. International Assets Investment Management LLC increased its position in FiscalNote by 51.5% during the 1st quarter. International Assets Investment Management LLC now owns 109,200 shares of the company’s stock valued at $136,000 after buying an additional 37,100 shares in the last quarter. Squarepoint Ops LLC raised its stake in FiscalNote by 181.9% during 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 during the last quarter. Marshall Wace LLP bought a new stake in FiscalNote in the second quarter worth $608,000. Finally, Vanguard Group Inc. grew its stake in shares of FiscalNote by 0.3% in the first quarter. Vanguard Group Inc. now owns 4,157,496 shares of the company’s stock worth $5,529,000 after acquiring an additional 12,853 shares during the last quarter. Institutional investors own 54.31% of the company’s stock.

Insider Buying and Selling

In other news, CEO Tim Hwang sold 22,186 shares of FiscalNote stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $1.18, for a total transaction of $26,179.48. Following the transaction, the chief executive officer now directly owns 2,471,867 shares of the company’s stock, valued at $2,916,803.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have sold 186,534 shares of company stock valued at $242,434. 47.59% of the stock is owned by company insiders.

FiscalNote Trading Up 2.6 %

Shares of NYSE:NOTE opened at $1.19 on Friday. The stock’s 50-day simple moving average is $1.23 and its two-hundred day simple moving average is $1.37. The stock has a market capitalization of $159.91 million, a price-to-earnings ratio of -3.31 and a beta of 0.43. FiscalNote Holdings, Inc. has a 52-week low of $0.65 and a 52-week high of $2.27. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.01 and a current ratio of 1.01.

FiscalNote (NYSE:NOTE) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.04. FiscalNote had a negative net margin of 36.20% and a negative return on equity of 115.06%. The company had revenue of $29.25 million for the quarter, compared to the consensus estimate of $29.05 million. During the same quarter last year, the firm posted ($0.23) earnings per share. Analysts expect that FiscalNote Holdings, Inc. will post -0.43 EPS for the current year.

Wall Street Analyst Weigh In

NOTE has been the topic of a number of analyst reports. DA Davidson dropped their price target on shares of FiscalNote from $1.35 to $1.05 and set a “neutral” rating on the stock in a research note on Friday, August 9th. B. Riley cut their price target on shares of FiscalNote from $2.25 to $2.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Finally, Northland Securities decreased their price objective on shares of FiscalNote from $6.00 to $5.00 and set an “outperform” rating for the company in a report on Monday, August 12th.

FiscalNote Company Profile

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.