Traders Purchase High Volume of FiscalNote Call Options (NYSE:NOTE)

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

Analyst Upgrades and Downgrades

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

FiscalNote Trading Up 20.5 %

NYSE NOTE opened at $1.09 on Friday. The firm has a market capitalization of $153.22 million, a PE ratio of -4.80 and a beta of 0.48. The stock’s 50 day moving average is $0.97 and its 200 day moving average is $1.26. FiscalNote has a twelve month low of $0.75 and a twelve month 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.

Insider Buying and Selling at FiscalNote

In other news, CEO Tim Hwang sold 22,186 shares of FiscalNote stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $1.18, for a total value of $26,179.48. Following the sale, the chief executive officer now directly owns 2,471,867 shares in the company, valued at approximately $2,916,803.06. This trade represents a 0.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 55,910 shares of company stock valued at $66,825 in the last quarter. Company insiders own 47.59% of the company’s stock.

Hedge Funds Weigh In On FiscalNote

Several institutional investors and hedge funds have recently added to or reduced their stakes in NOTE. AQR Capital Management LLC purchased a new position in shares of FiscalNote during the second quarter valued at approximately $26,000. Virtu Financial LLC bought a new position in FiscalNote during the 3rd quarter valued at approximately $47,000. Barclays PLC raised its stake in FiscalNote by 318.2% during the third quarter. Barclays PLC now owns 86,286 shares of the company’s stock valued at $110,000 after buying an additional 65,655 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in FiscalNote by 35.1% in the third 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. Finally, Squarepoint Ops LLC grew its stake in shares of FiscalNote by 181.9% in the second quarter. Squarepoint Ops LLC now owns 149,490 shares of the company’s stock worth $218,000 after acquiring an additional 96,457 shares during 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.