Virtu Financial LLC Raises Stock Position in FiscalNote Holdings, Inc. (NYSE:NOTE)

Virtu Financial LLC increased its position in shares of FiscalNote Holdings, Inc. (NYSE:NOTE) by 47.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 54,432 shares of the company’s stock after acquiring an additional 17,631 shares during the period. Virtu Financial LLC’s holdings in FiscalNote were worth $58,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Stonehill Capital Management LLC purchased a new position in shares of FiscalNote during the 3rd quarter valued at $995,000. State Street Corp grew its position in 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 buying an additional 17,624 shares in the last quarter. Barclays PLC increased its stake in FiscalNote by 318.2% in the 3rd quarter. Barclays PLC now owns 86,286 shares of the company’s stock worth $110,000 after acquiring an additional 65,655 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of FiscalNote by 7.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,550,931 shares of the company’s stock valued at $1,986,000 after acquiring an additional 108,320 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position 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 valued at $725,000 after acquiring an additional 21,811 shares during the last quarter. 54.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Roth Mkm decreased their price objective on shares of FiscalNote from $3.00 to $2.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. D. Boral Capital restated a “buy” rating and set a $3.75 price objective on shares of FiscalNote in a research report on Monday, March 17th. Finally, B. Riley dropped their price objective on shares of FiscalNote from $1.75 to $1.50 and set a “buy” rating for the company in a report on Friday, March 14th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $2.66.

FiscalNote Stock Down 9.3 %

Shares of FiscalNote stock opened at $0.81 on Tuesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.81 and a current ratio of 0.81. FiscalNote Holdings, Inc. has a 52-week low of $0.75 and a 52-week high of $2.07. The company’s 50 day moving average price is $1.26 and its 200-day moving average price is $1.14. The stock has a market capitalization of $114.24 million, a price-to-earnings ratio of -3.68 and a beta of 0.40.

FiscalNote (NYSE:NOTE) last released its quarterly earnings data on Thursday, March 13th. The company reported ($0.10) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.10). The firm had revenue of $29.47 billion for the quarter, compared to analysts’ expectations of $29.02 million. FiscalNote had a negative net margin of 22.27% and a negative return on equity of 88.72%. Equities research analysts forecast that FiscalNote Holdings, Inc. will post -0.43 EPS for the current year.

Insider Buying and Selling at FiscalNote

In related news, Director Tim Hwang sold 51,137 shares of FiscalNote stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $1.13, for a total value of $57,784.81. Following the sale, the director now owns 2,655,992 shares in the company, valued at $3,001,270.96. The trade was a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 116,558 shares of company stock valued at $138,495 in the last 90 days. Insiders own 41.75% 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.