Insider Sellers Might Regret Selling FiscalNote Holdings Shares at a Lower Price Than Current Market Value

Even though FiscalNote Holdings, Inc. (NYSE:NOTE) has fallen by 11% over the past week , insiders who sold US$1.4m worth of stock over the past year have had less luck. Given that the average selling price of US$2.28 is still lower than the current share price, insiders would probably have been better off keeping their shares.

Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.

View our latest analysis for FiscalNote Holdings

The Last 12 Months Of Insider Transactions At FiscalNote Holdings

The Co-Founder, Timothy Hwang, made the biggest insider sale in the last 12 months. That single transaction was for US$917k worth of shares at a price of US$2.32 each. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$1.24. So it may not tell us anything about how insiders feel about the current share price.

In the last year FiscalNote Holdings insiders didn't buy any company stock. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

I will like FiscalNote Holdings better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership Of FiscalNote Holdings

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 9.7% of FiscalNote Holdings shares, worth about US$17m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Do The FiscalNote Holdings Insider Transactions Indicate?

The fact that there have been no FiscalNote Holdings insider transactions recently certainly doesn't bother us. Still, the insider transactions at FiscalNote Holdings in the last 12 months are not very heartening. But it's good to see that insiders own shares in the company. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Every company has risks, and we've spotted 4 warning signs for FiscalNote Holdings (of which 1 is significant!) you should know about.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.