Virtu Financial LLC Grows Holdings in FiscalNote Holdings, Inc. (NYSE:NOTE)

Virtu Financial LLC increased its holdings in shares of FiscalNote Holdings, Inc. (NYSE:NOTE) by 47.9% during the 4th quarter, HoldingsChannel reports. The fund owned 54,432 shares of the company’s stock after buying an additional 17,631 shares during the period. Virtu Financial LLC’s holdings in FiscalNote were worth $58,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its position in shares of FiscalNote by 4.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 566,144 shares of the company’s stock worth $725,000 after purchasing an additional 21,811 shares in the last quarter. Stonehill Capital Management LLC bought a new stake in FiscalNote in the third quarter worth $995,000. State Street Corp grew its stake in shares of FiscalNote by 1.4% in the third quarter. State Street Corp now owns 1,261,429 shares of the company’s stock worth $1,615,000 after acquiring an additional 17,624 shares during the last quarter. Barclays PLC increased its holdings in shares of 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 acquiring an additional 65,655 shares in the last quarter. Finally, Geode Capital Management LLC raised its position 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 worth $1,986,000 after purchasing an additional 108,320 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 FiscalNote news, Director Tim Hwang sold 51,137 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 2,655,992 shares in the company, valued at approximately $3,001,270.96. This trade represents a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have sold 116,558 shares of company stock valued at $138,495. Insiders own 41.75% of the company’s stock.

Wall Street Analyst Weigh In

NOTE has been the subject of a number of analyst reports. D. Boral Capital restated a “buy” rating and set a $3.75 price objective on shares of FiscalNote in a research note on Monday, March 17th. Roth Mkm reduced their price target on shares of FiscalNote from $3.00 to $2.00 and set a “buy” rating for the company in a research report on Friday, March 14th. Finally, B. Riley lowered their price objective on FiscalNote from $1.75 to $1.50 and set a “buy” rating on the stock in a research report on Friday, March 14th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $2.66.

FiscalNote Stock Performance

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

FiscalNote (NYSE:NOTE) last announced its earnings results on Thursday, March 13th. The company reported ($0.10) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.10). The business had revenue of $29.47 billion during the quarter, compared to analyst estimates of $29.02 million. FiscalNote had a negative net margin of 22.27% and a negative return on equity of 88.72%. As a group, equities research analysts expect that FiscalNote Holdings, Inc. will post -0.43 earnings per share for the current 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.