Senestech (NASDAQ:SNES) Major Shareholder Glenbrook Capital Management Buys 7,000 Shares of Stock

Senestech, Inc. (NASDAQ:SNES) major shareholder Glenbrook Capital Management bought 7,000 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The shares were bought at an average price of $1.61 per share, for a total transaction of $11,270.00. Following the acquisition, the insider directly owned 954,144 shares of the company’s stock, valued at $1,536,171.84. This represents a 0.74% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Glenbrook Capital Management also recently made the following trade(s):

• On Friday, June 5th, Glenbrook Capital Management acquired 13,159 shares of Senestech stock. The stock was acquired at an average price of $1.57 per share, for a total transaction of $20,659.63.
• On Thursday, June 4th, Glenbrook Capital Management acquired 8,230 shares of Senestech stock. The stock was acquired at an average price of $1.65 per share, for a total transaction of $13,579.50.
• On Monday, May 18th, Glenbrook Capital Management acquired 10,000 shares of Senestech stock. The stock was acquired at an average price of $1.59 per share, for a total transaction of $15,900.00.
• On Friday, May 15th, Glenbrook Capital Management acquired 7,120 shares of Senestech stock. The stock was acquired at an average price of $1.65 per share, for a total transaction of $11,748.00.
• On Thursday, May 14th, Glenbrook Capital Management acquired 15,000 shares of Senestech stock. The stock was acquired at an average price of $1.72 per share, for a total transaction of $25,800.00.
• On Tuesday, April 28th, Glenbrook Capital Management acquired 3,000 shares of Senestech stock. The stock was acquired at an average price of $1.47 per share, for a total transaction of $4,410.00.
• On Tuesday, March 17th, Glenbrook Capital Management bought 19,725 shares of Senestech stock. The shares were purchased at an average price of $1.79 per share, for a total transaction of $35,307.75.
• On Monday, March 16th, Glenbrook Capital Management bought 5,060 shares of Senestech stock. The shares were purchased at an average price of $1.86 per share, for a total transaction of $9,411.60.
• On Friday, March 13th, Glenbrook Capital Management bought 146,249 shares of Senestech stock. The shares were purchased at an average price of $1.95 per share, for a total transaction of $285,185.55.

Senestech Price Performance

Shares of NASDAQ SNES opened at $1.61 on Tuesday. The firm has a market cap of $8.53 million, a P/E ratio of -0.85 and a beta of 0.28. The company has a current ratio of 8.91, a quick ratio of 7.79 and a debt-to-equity ratio of 0.02. Senestech, Inc. has a 1-year low of $1.41 and a 1-year high of $6.24. The business’s 50 day moving average is $1.64 and its 200-day moving average is $2.01.

Senestech (NASDAQ:SNES) last announced its earnings results on Tuesday, May 12th. The company reported ($0.31) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.02. The company had revenue of $0.49 million for the quarter, compared to analyst estimates of $0.63 million. Senestech had a negative return on equity of 67.60% and a negative net margin of 304.22%. Equities research analysts predict that Senestech, Inc. will post -1.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Senestech in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Senestech

Large investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd acquired a new stake in Senestech during the fourth quarter worth approximately $54,000. DRW Securities LLC boosted its holdings in shares of Senestech by 171.1% in the 4th quarter. DRW Securities LLC now owns 82,107 shares of the company’s stock valued at $176,000 after purchasing an additional 51,818 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Senestech by 35.2% in the 4th quarter. Renaissance Technologies LLC now owns 142,800 shares of the company’s stock valued at $306,000 after purchasing an additional 37,165 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Senestech in the 3rd quarter valued at $126,000. Finally, Jane Street Group LLC acquired a new stake in shares of Senestech in the 2nd quarter valued at $161,000. Institutional investors and hedge funds own 5.19% of the company’s stock.

About Senestech

SenesTech, Inc (NASDAQ: SNES) is a biotechnology company specializing in non-lethal pest management solutions. The company’s core focus is the development and commercialization of fertility-based control methods for commensal rodents, providing an alternative to traditional rodenticides. By targeting the reproductive cycle of rats, SenesTech aims to reduce rodent populations over time without the use of toxic chemicals, offering a more sustainable approach for pest management professionals.

The company’s flagship product, ContraPest®, is an EPA-registered liquid bait that disrupts rodent reproduction.