Senestech (NASDAQ:SNES) Major Shareholder Purchases $52,850.00 in Stock

Senestech, Inc. (NASDAQ:SNES) major shareholder Glenbrook Capital Management bought 35,000 shares of Senestech stock in a transaction on Tuesday, June 30th. The shares were acquired at an average price of $1.51 per share, for a total transaction of $52,850.00. Following the completion of the acquisition, the insider owned 1,022,824 shares of the company’s stock, valued at approximately $1,544,464.24. This represents a 3.54% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Monday, June 22nd, Glenbrook Capital Management purchased 5,000 shares of Senestech stock. The stock was acquired at an average price of $1.66 per share, with a total value of $8,300.00.
• On Wednesday, June 17th, Glenbrook Capital Management purchased 3,264 shares of Senestech stock. The shares were acquired at an average cost of $1.61 per share, for a total transaction of $5,255.04.
• On Monday, June 8th, Glenbrook Capital Management acquired 7,000 shares of Senestech stock. The shares were acquired at an average price of $1.61 per share, for a total transaction of $11,270.00.
• On Friday, June 5th, Glenbrook Capital Management bought 13,159 shares of Senestech stock. The shares were acquired at an average cost of $1.57 per share, with a total value of $20,659.63.
• On Thursday, June 4th, Glenbrook Capital Management bought 8,230 shares of Senestech stock. The shares were bought at an average price of $1.65 per share, for a total transaction of $13,579.50.
• On Monday, May 18th, Glenbrook Capital Management purchased 10,000 shares of Senestech stock. The stock was 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 purchased 7,120 shares of Senestech stock. The stock was 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 purchased 15,000 shares of Senestech stock. The stock was bought at an average price of $1.72 per share, with a total value 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, with a total value of $4,410.00.

Senestech Stock Up 1.4%

Shares of NASDAQ:SNES traded up $0.02 during midday trading on Thursday, reaching $1.49. 79,067 shares of the company were exchanged, compared to its average volume of 44,381. The firm has a market cap of $7.90 million, a PE ratio of -0.79 and a beta of 0.28. Senestech, Inc. has a fifty-two week low of $1.41 and a fifty-two week high of $6.24. The stock has a fifty day simple moving average of $1.63 and a two-hundred day simple moving average of $1.87. The company has a quick ratio of 7.79, a current ratio of 8.91 and a debt-to-equity ratio of 0.02.

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. Senestech had a negative net margin of 304.22% and a negative return on equity of 67.60%. The firm had revenue of $0.49 million during the quarter, compared to analyst estimates of $0.63 million. As a group, sell-side analysts forecast that Senestech, Inc. will post -1.57 earnings per share for the current year.

Institutional Investors Weigh In On Senestech

Several hedge funds have recently added to or reduced their stakes in the business. Diversify Wealth Management LLC acquired a new position in shares of Senestech in the first quarter valued at approximately $31,000. Jane Street Group LLC bought a new position in Senestech in the fourth quarter valued at approximately $32,000. Diversify Advisory Services LLC acquired a new position in Senestech during the fourth quarter valued at approximately $34,000. XTX Topco Ltd bought a new stake in Senestech during the fourth quarter worth $54,000. Finally, Geode Capital Management LLC bought a new position in Senestech in the second quarter valued at about $59,000. Institutional investors and hedge funds own 5.19% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Senestech in a research report on Wednesday, June 24th. 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 stock currently 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.