FiscalNote Target of Unusually Large Options Trading (NYSE:NOTE)

FiscalNote Holdings, Inc. (NYSE:NOTE) was the target of some unusual options trading on Friday. Investors acquired 2,364 call options on the stock. This represents an increase of approximately 1,718% compared to the average daily volume of 130 call options.

Insider Activity

In other news, CEO Tim Hwang sold 22,186 shares of the company’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $1.18, for a total transaction of $26,179.48. Following the completion of the sale, the chief executive officer now directly owns 2,471,867 shares of the company’s stock, valued at $2,916,803.06. This represents a 0.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 55,910 shares of company stock worth $66,825 over the last 90 days. 47.59% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in FiscalNote by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 4,157,496 shares of the company’s stock worth $5,529,000 after purchasing an additional 12,853 shares during the last quarter. State Street Corp boosted its stake in shares of FiscalNote by 1.4% during the 3rd 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 in the last quarter. AQR Capital Management LLC bought a new stake in shares of FiscalNote during the 2nd quarter worth about $26,000. Charles Schwab Investment Management Inc. boosted its stake in shares of FiscalNote by 4.0% during the 3rd 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 in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in shares of FiscalNote by 35.1% during the 3rd quarter. International Assets Investment Management LLC now owns 134,656 shares of the company’s stock worth $172,000 after acquiring an additional 34,956 shares in the last quarter. 54.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on NOTE. EF Hutton Acquisition Co. I raised FiscalNote to a “strong-buy” rating in a report on Monday, October 28th. B. Riley dropped their price target on FiscalNote from $2.00 to $1.75 and set a “buy” rating on the stock in a research report on Wednesday, November 13th.

FiscalNote Stock Performance

Shares of NOTE stock opened at $1.08 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.81 and a quick ratio of 0.81. FiscalNote has a fifty-two week low of $0.75 and a fifty-two week high of $2.27. The stock’s 50-day moving average is $0.97 and its two-hundred day moving average is $1.25. The firm has a market cap of $152.52 million, a P/E ratio of -4.91 and a beta of 0.48.

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.