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

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

Analyst Ratings Changes

NOTE has been the topic of a number of analyst reports. EF Hutton Acquisition Co. I raised shares of FiscalNote to a “strong-buy” rating in a report on Monday, October 28th. B. Riley dropped their price target on shares of FiscalNote from $2.00 to $1.75 and set a “buy” rating on the stock in a research note on Wednesday, November 13th.

Insider Transactions at FiscalNote

In related news, CEO Tim Hwang sold 22,186 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $1.18, for a total transaction of $26,179.48. Following the completion of the transaction, the chief executive officer now owns 2,471,867 shares in the company, valued at $2,916,803.06. The trade was a 0.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders sold 55,910 shares of company stock valued at $66,825. 47.59% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FiscalNote

Several large investors have recently made changes to their positions in NOTE. Virtu Financial LLC bought a new stake in FiscalNote during the third quarter worth approximately $47,000. Barclays PLC raised its position in shares of FiscalNote by 318.2% during the third quarter. Barclays PLC now owns 86,286 shares of the company’s stock worth $110,000 after purchasing an additional 65,655 shares during the period. Geode Capital Management LLC boosted 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 valued at $1,986,000 after purchasing an additional 108,320 shares during the period. State Street Corp increased its stake in FiscalNote by 1.4% in the 3rd quarter. State Street Corp now owns 1,261,429 shares of the company’s stock worth $1,615,000 after purchasing an additional 17,624 shares in the last quarter. Finally, Stonehill Capital Management LLC purchased a new stake in FiscalNote during the third quarter valued at about $995,000. Institutional investors own 54.31% of the company’s stock.

FiscalNote Trading Up 4.6 %

Shares of FiscalNote stock traded up $0.04 during trading on Friday, hitting $0.94. The stock had a trading volume of 728,397 shares, compared to its average volume of 680,720. The business has a fifty day moving average of $0.97 and a two-hundred day moving average of $1.26. FiscalNote has a fifty-two week low of $0.75 and a fifty-two week high of $2.27. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.44.

FiscalNote Company 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.