Senestech (NASDAQ:SNES) Major Shareholder Purchases $83,071.20 in Stock

Senestech, Inc. (NASDAQ:SNES) major shareholder Glenbrook Capital Management purchased 34,613 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were purchased at an average price of $2.40 per share, for a total transaction of $83,071.20. Following the completion of the purchase, the insider directly owned 704,211 shares of the company’s stock, valued at approximately $1,690,106.40. This trade represents a 5.17% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own at least 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 Wednesday, February 18th, Glenbrook Capital Management acquired 10,481 shares of Senestech stock. The shares were purchased at an average cost of $2.29 per share, for a total transaction of $24,001.49.
• On Tuesday, February 17th, Glenbrook Capital Management acquired 40,807 shares of Senestech stock. The shares were purchased at an average price of $2.29 per share, for a total transaction of $93,448.03.
• On Friday, February 13th, Glenbrook Capital Management bought 15,390 shares of Senestech stock. The stock was purchased at an average price of $1.89 per share, with a total value of $29,087.10.
• On Thursday, February 12th, Glenbrook Capital Management bought 7,956 shares of Senestech stock. The stock was purchased at an average cost of $1.72 per share, with a total value of $13,684.32.
• On Wednesday, February 11th, Glenbrook Capital Management purchased 8,000 shares of Senestech stock. The stock was acquired at an average cost of $1.73 per share, for a total transaction of $13,840.00.
• On Thursday, February 5th, Glenbrook Capital Management acquired 2,884 shares of Senestech stock. The stock was acquired at an average price of $1.77 per share, with a total value of $5,104.68.
• On Wednesday, February 4th, Glenbrook Capital Management bought 5,685 shares of Senestech stock. The shares were acquired at an average price of $1.82 per share, for a total transaction of $10,346.70.
• On Monday, February 2nd, Glenbrook Capital Management bought 42,739 shares of Senestech stock. The stock was acquired at an average cost of $1.98 per share, for a total transaction of $84,623.22.
• On Friday, January 30th, Glenbrook Capital Management purchased 5,399 shares of Senestech stock. The stock was acquired at an average cost of $1.87 per share, with a total value of $10,096.13.

Senestech Price Performance

SNES traded up $0.06 during midday trading on Thursday, reaching $2.40. 126,958 shares of the company’s stock were exchanged, compared to its average volume of 69,302. The company has a quick ratio of 14.73, a current ratio of 15.75 and a debt-to-equity ratio of 0.01. The business has a 50-day simple moving average of $2.13 and a two-hundred day simple moving average of $3.34. The firm has a market capitalization of $12.53 million, a price-to-earnings ratio of -0.66 and a beta of 0.21. Senestech, Inc. has a one year low of $1.30 and a one year high of $6.24.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SNES. Geode Capital Management LLC acquired a new position in shares of Senestech in the 2nd quarter worth approximately $59,000. Jane Street Group LLC bought a new position in Senestech in the 4th quarter valued at $32,000. Diversify Advisory Services LLC acquired a new position in Senestech in the fourth quarter worth $34,000. XTX Topco Ltd bought a new stake in shares of Senestech during the fourth quarter worth $54,000. Finally, Essex Investment Management Co. LLC bought a new stake in shares of Senestech during the third quarter worth $115,000. Institutional investors own 5.19% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Senestech in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold”.

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.