Senestech (NASDAQ:SNES) Major Shareholder Buys $20,659.63 in Stock

Senestech, Inc. (NASDAQ:SNES) major shareholder Glenbrook Capital Management acquired 13,159 shares of Senestech stock in a transaction dated Friday, June 5th. The shares were bought at an average cost of $1.57 per share, for a total transaction of $20,659.63. Following the completion of the purchase, the insider directly owned 947,144 shares of the company’s stock, valued at approximately $1,487,016.08. The trade was a 1.41% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more 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 Monday, June 8th, Glenbrook Capital Management acquired 7,000 shares of Senestech stock. The shares were bought at an average cost of $1.61 per share, for a total transaction of $11,270.00.
• On Thursday, June 4th, Glenbrook Capital Management acquired 8,230 shares of Senestech stock. The shares were bought at an average cost 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 shares were bought at an average cost 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 shares were bought at an average cost 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 shares were bought at an average cost 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 shares were bought at an average cost of $1.47 per share, for a total transaction of $4,410.00.
• On Tuesday, March 17th, Glenbrook Capital Management purchased 19,725 shares of Senestech stock. The shares were acquired at an average price of $1.79 per share, for a total transaction of $35,307.75.
• On Monday, March 16th, Glenbrook Capital Management purchased 5,060 shares of Senestech stock. The shares were acquired at an average price of $1.86 per share, for a total transaction of $9,411.60.
• On Friday, March 13th, Glenbrook Capital Management purchased 146,249 shares of Senestech stock. The shares were acquired at an average price of $1.95 per share, for a total transaction of $285,185.55.

Senestech Stock Down 0.6%

Shares of NASDAQ:SNES opened at $1.72 on Thursday. The stock’s 50-day moving average is $1.64 and its 200 day moving average is $2.00. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.91 and a quick ratio of 7.79. The company has a market cap of $9.12 million, a PE ratio of -0.91 and a beta of 0.28. Senestech, Inc. has a 1 year low of $1.41 and a 1 year high of $6.24.

Senestech (NASDAQ:SNES) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($0.31) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.02. The business had revenue of $0.49 million for the quarter, compared to analysts’ expectations of $0.63 million. Senestech had a negative return on equity of 67.60% and a negative net margin of 304.22%. Sell-side analysts anticipate that Senestech, Inc. will post -1.57 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed 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 data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Senestech

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SNES. Diversify Wealth Management LLC bought a new position in Senestech in the 1st quarter valued at approximately $31,000. Jane Street Group LLC bought a new position in Senestech in the 4th quarter valued at approximately $32,000. Diversify Advisory Services LLC bought a new position in Senestech in the 4th quarter valued at approximately $34,000. XTX Topco Ltd bought a new position in Senestech in the 4th quarter valued at approximately $54,000. Finally, Geode Capital Management LLC bought a new position in Senestech in the 2nd quarter valued at approximately $59,000. 5.19% of the stock is owned by institutional investors.

Senestech Company Profile

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.