Squarepoint Ops LLC Invests $87,000 in FiscalNote Holdings, Inc. (NYSE:NOTE)

Squarepoint Ops LLC purchased a new position in shares of FiscalNote Holdings, Inc. (NYSE:NOTE) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 81,764 shares of the company’s stock, valued at approximately $87,000. Squarepoint Ops LLC owned approximately 0.06% of FiscalNote at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kennedy Capital Management LLC raised its stake in shares of FiscalNote by 154.9% in the 4th quarter. Kennedy Capital Management LLC now owns 2,272,722 shares of the company’s stock valued at $2,432,000 after acquiring an additional 1,381,166 shares in the last quarter. Geode Capital Management LLC grew its holdings in FiscalNote by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 1,576,432 shares of the company’s stock valued at $1,687,000 after buying an additional 25,501 shares during the last quarter. Northern Trust Corp grew its holdings in FiscalNote by 7.9% in the 4th quarter. Northern Trust Corp now owns 564,004 shares of the company’s stock valued at $603,000 after buying an additional 41,137 shares during the last quarter. Deutsche Bank AG grew its holdings in FiscalNote by 425.0% in the 4th quarter. Deutsche Bank AG now owns 139,997 shares of the company’s stock valued at $150,000 after buying an additional 113,333 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in FiscalNote by 255.6% in the 4th quarter. LPL Financial LLC now owns 104,348 shares of the company’s stock valued at $112,000 after buying an additional 75,000 shares during the last quarter. 54.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on NOTE shares. B. Riley decreased their price objective on FiscalNote from $1.75 to $1.50 and set a “buy” rating on the stock in a report on Friday, March 14th. Roth Mkm decreased their price objective on FiscalNote from $3.00 to $2.00 and set a “buy” rating on the stock in a report on Friday, March 14th. D. Boral Capital reissued a “buy” rating and set a $3.75 price objective on shares of FiscalNote in a report on Tuesday, May 13th. LADENBURG THALM/SH SH started coverage on FiscalNote in a report on Thursday, May 1st. They set a “buy” rating and a $2.50 price objective on the stock. Finally, Wall Street Zen raised FiscalNote from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, FiscalNote currently has a consensus rating of “Moderate Buy” and a consensus target price of $2.63.

Insider Activity at FiscalNote

In related news, Director Tim Hwang sold 40,998 shares of the company’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $0.64, for a total value of $26,238.72. Following the transaction, the director now owns 2,793,762 shares in the company, valued at approximately $1,788,007.68. This represents a 1.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 128,066 shares of company stock valued at $83,511 in the last three months. Corporate insiders own 40.16% of the company’s stock.

FiscalNote Trading Up 3.0%

Shares of NOTE opened at $0.64 on Tuesday. FiscalNote Holdings, Inc. has a 52-week low of $0.56 and a 52-week high of $2.07. The business’s fifty day moving average is $0.65 and its 200-day moving average is $0.99. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $101.07 million, a price-to-earnings ratio of -2.90 and a beta of 0.61.

FiscalNote (NYSE:NOTE) last released its quarterly earnings data on Monday, May 12th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.02). The firm had revenue of $27.51 million for the quarter, compared to analyst estimates of $26.43 million. FiscalNote had a negative net margin of 22.27% and a negative return on equity of 88.72%. Equities analysts anticipate that FiscalNote Holdings, Inc. will post -0.43 EPS for the current fiscal year.

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.