FiscalNote Holdings, Inc. (NYSE:NOTE) Shares Bought by Squarepoint Ops LLC

Squarepoint Ops LLC lifted its stake in shares of FiscalNote Holdings, Inc. (NYSE:NOTE) by 181.9% in the second quarter, Holdings Channel reports. The institutional investor owned 149,490 shares of the company’s stock after buying an additional 96,457 shares during the quarter. Squarepoint Ops LLC’s holdings in FiscalNote were worth $218,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in NOTE. Marshall Wace LLP bought a new stake in shares of FiscalNote in the 2nd quarter worth about $608,000. International Assets Investment Management LLC increased its holdings in FiscalNote by 51.5% in the first 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 during the last quarter. Natixis bought a new position in FiscalNote during the 1st quarter worth approximately $40,000. Finally, Vanguard Group Inc. grew its position in shares of 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 acquiring an additional 12,853 shares in the last quarter. Institutional investors own 54.31% of the company’s stock.

FiscalNote Price Performance

Shares of NYSE:NOTE opened at $1.23 on Friday. The firm’s 50 day moving average is $1.25 and its two-hundred day moving average is $1.37. The firm has a market capitalization of $165.28 million, a P/E ratio of -3.42 and a beta of 0.43. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.36. FiscalNote Holdings, Inc. has a 52 week low of $0.65 and a 52 week high of $2.27.

FiscalNote (NYSE:NOTE) last issued 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. The business had revenue of $29.25 million during the quarter, compared to analyst estimates of $29.05 million. FiscalNote had a negative return on equity of 115.06% and a negative net margin of 36.20%. During the same period in the prior year, the company posted ($0.23) EPS. Analysts anticipate that FiscalNote Holdings, Inc. will post -0.43 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NOTE. DA Davidson reduced their price objective on 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 lowered their price objective on shares of FiscalNote from $2.25 to $2.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Finally, Northland Securities cut their price target on FiscalNote from $6.00 to $5.00 and set an “outperform” rating on the stock in a report on Monday, August 12th.

Insider Activity at FiscalNote

In related news, CEO Tim Hwang sold 22,186 shares of the stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $1.18, for a total value of $26,179.48. Following the completion of the transaction, the chief executive officer now owns 2,471,867 shares in the company, valued at $2,916,803.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 189,284 shares of company stock worth $247,769 over the last ninety days. 47.59% of the stock is currently owned by corporate insiders.

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.