Bank of New York Mellon Corp Boosts Stock Holdings in FiscalNote Holdings, Inc. (NYSE:NOTE)

Bank of New York Mellon Corp grew its holdings in FiscalNote Holdings, Inc. (NYSE:NOTE) by 26.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 143,153 shares of the company’s stock after purchasing an additional 30,362 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.09% of FiscalNote worth $116,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its position in FiscalNote by 27.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 28,621 shares of the company’s stock valued at $31,000 after purchasing an additional 6,090 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of FiscalNote by 58.0% during the fourth quarter. Wells Fargo & Company MN now owns 29,315 shares of the company’s stock valued at $31,000 after buying an additional 10,765 shares during the last quarter. Barclays PLC boosted its holdings in shares of FiscalNote by 15.1% in the 4th quarter. Barclays PLC now owns 99,341 shares of the company’s stock valued at $106,000 after buying an additional 13,055 shares in the last quarter. Mariner LLC boosted its holdings in shares of FiscalNote by 85.3% in the 4th quarter. Mariner LLC now owns 35,662 shares of the company’s stock valued at $38,000 after buying an additional 16,418 shares in the last quarter. Finally, Wolverine Trading LLC grew its position in shares of FiscalNote by 95.1% in the 4th quarter. Wolverine Trading LLC now owns 34,137 shares of the company’s stock worth $39,000 after buying an additional 16,637 shares during the last quarter. Hedge funds and other institutional investors own 54.31% of the company’s stock.

Insiders Place Their Bets

In other news, Director Tim Hwang sold 56,155 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $0.58, for a total value of $32,569.90. Following the transaction, the director directly owned 2,700,406 shares of the company’s stock, valued at approximately $1,566,235.48. This represents a 2.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 138,758 shares of company stock worth $85,834. 40.16% of the stock is currently owned by insiders.

FiscalNote Trading Up 4.7%

Shares of FiscalNote stock opened at $0.65 on Thursday. The firm’s 50 day simple moving average is $0.63 and its two-hundred day simple moving average is $0.86. The firm has a market capitalization of $102.21 million, a price-to-earnings ratio of -1.96 and a beta of 0.59. FiscalNote Holdings, Inc. has a 12-month low of $0.48 and a 12-month high of $2.03. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.20.

FiscalNote (NYSE:NOTE) last announced its quarterly earnings data on Monday, May 12th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.02). The company had revenue of $27.51 million for the quarter, compared to analysts’ expectations of $26.43 million. FiscalNote had a negative net margin of 39.19% and a negative return on equity of 59.01%. Analysts predict that FiscalNote Holdings, Inc. will post -0.43 EPS for the current year.

Analyst Ratings Changes

NOTE has been the subject of a number of analyst reports. Wall Street Zen raised shares of FiscalNote from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd. D. Boral Capital reaffirmed a “buy” rating and set a $3.75 price target on shares of FiscalNote in a research report on Tuesday, May 13th. Finally, LADENBURG THALM/SH SH assumed coverage on FiscalNote in a research report on Thursday, May 1st. They issued a “buy” rating and a $2.50 price objective for the company. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, FiscalNote presently has an average rating of “Moderate Buy” and an average price target of $2.63.

FiscalNote 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.