Insider Buying: Senestech (NASDAQ:SNES) Major Shareholder Purchases 15,000 Shares of Stock

Senestech, Inc. (NASDAQ:SNES) major shareholder Glenbrook Capital Management bought 15,000 shares of Senestech stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average price of $1.72 per share, with a total value of $25,800.00. Following the purchase, the insider directly owned 908,635 shares in the company, valued at $1,562,852.20. The trade was a 1.68% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through 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 Monday, May 18th, Glenbrook Capital Management acquired 10,000 shares of Senestech stock. The shares were bought at an average price of $1.59 per share, with a total value 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 price of $1.65 per share, with a total value of $11,748.00.
• On Tuesday, April 28th, Glenbrook Capital Management acquired 3,000 shares of Senestech stock. The shares were bought at an average price of $1.47 per share, with a total value of $4,410.00.
• On Tuesday, March 17th, Glenbrook Capital Management acquired 19,725 shares of Senestech stock. The shares were bought at an average price of $1.79 per share, with a total value of $35,307.75.
• On Monday, March 16th, Glenbrook Capital Management acquired 5,060 shares of Senestech stock. The shares were bought at an average price of $1.86 per share, with a total value of $9,411.60.
• On Friday, March 13th, Glenbrook Capital Management acquired 146,249 shares of Senestech stock. The shares were bought at an average price of $1.95 per share, with a total value of $285,185.55.
• On Thursday, February 19th, Glenbrook Capital Management acquired 34,613 shares of Senestech stock. The shares were bought at an average price of $2.40 per share, with a total value of $83,071.20.
• On Wednesday, February 18th, Glenbrook Capital Management acquired 10,481 shares of Senestech stock. The shares were bought at an average price of $2.29 per share, with a total value of $24,001.49.
• On Tuesday, February 17th, Glenbrook Capital Management acquired 40,807 shares of Senestech stock. The shares were bought at an average price of $2.29 per share, with a total value of $93,448.03.

Senestech Stock Performance

Shares of NASDAQ SNES traded down $0.03 during trading on Monday, reaching $1.59. 80,237 shares of the company traded hands, compared to its average volume of 133,371. The firm’s fifty day simple moving average is $1.70 and its 200 day simple moving average is $2.16. The stock has a market cap of $8.43 million, a P/E ratio of -0.84 and a beta of 0.18. Senestech, Inc. has a 12-month low of $1.41 and a 12-month high of $6.24. 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 (NASDAQ:SNES) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($0.31) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.02. The business had revenue of $0.49 million during 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%. As a group, research analysts anticipate that Senestech, Inc. will post -1.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Senestech in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Senestech

Several institutional investors and hedge funds have recently modified their holdings of the business. Diversify Wealth Management LLC purchased a new position in shares of Senestech in the 1st quarter valued at about $31,000. XTX Topco Ltd acquired a new position in shares of Senestech during the fourth quarter valued at approximately $54,000. Sabby Management LLC lifted its position in shares of Senestech by 195.4% in the fourth quarter. Sabby Management LLC now owns 210,564 shares of the company’s stock valued at $451,000 after acquiring an additional 139,281 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Senestech in the fourth quarter worth approximately $32,000. Finally, DRW Securities LLC increased its position in shares of Senestech by 171.1% during the fourth quarter. DRW Securities LLC now owns 82,107 shares of the company’s stock worth $176,000 after purchasing an additional 51,818 shares in the last quarter. Hedge funds and other institutional investors own 5.19% of the company’s stock.

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.