Senestech (NASDAQ:SNES) Major Shareholder Acquires 35,000 Shares of Stock

Senestech, Inc. (NASDAQ:SNES) major shareholder Glenbrook Capital Management bought 35,000 shares of the company’s stock in a transaction that occurred on Monday, July 20th. The shares were bought at an average price of $1.47 per share, with a total value of $51,450.00. Following the transaction, the insider owned 1,057,824 shares of the company’s stock, valued at $1,555,001.28. The trade was a 3.42% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% 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 Tuesday, June 30th, Glenbrook Capital Management purchased 35,000 shares of Senestech stock. The stock was bought at an average price of $1.51 per share, for a total transaction of $52,850.00.
• On Monday, June 22nd, Glenbrook Capital Management purchased 5,000 shares of Senestech stock. The stock was bought at an average price of $1.66 per share, for a total transaction of $8,300.00.
• On Wednesday, June 17th, Glenbrook Capital Management acquired 3,264 shares of Senestech stock. The shares were bought at an average cost of $1.61 per share, with a total value of $5,255.04.
• On Monday, June 8th, Glenbrook Capital Management bought 7,000 shares of Senestech stock. The stock was purchased at an average price of $1.61 per share, for a total transaction of $11,270.00.
• On Friday, June 5th, Glenbrook Capital Management purchased 13,159 shares of Senestech stock. The shares were purchased at an average cost of $1.57 per share, with a total value of $20,659.63.
• On Thursday, June 4th, Glenbrook Capital Management acquired 8,230 shares of Senestech stock. The stock was purchased 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 purchased at an average cost of $1.59 per share, for a total transaction of $15,900.00.
• On Friday, May 15th, Glenbrook Capital Management bought 7,120 shares of Senestech stock. The stock was acquired at an average cost of $1.65 per share, with a total value of $11,748.00.
• On Thursday, May 14th, Glenbrook Capital Management purchased 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.

Senestech Price Performance

Senestech stock traded down $0.01 during mid-day trading on Tuesday, reaching $1.32. 5,447 shares of the company’s stock traded hands, compared to its average volume of 61,428. Senestech, Inc. has a 12-month low of $1.31 and a 12-month high of $6.24. The company has a quick ratio of 7.79, a current ratio of 8.91 and a debt-to-equity ratio of 0.02. The stock has a 50 day moving average of $1.57 and a two-hundred day moving average of $1.76. The company has a market cap of $7.00 million, a price-to-earnings ratio of -0.70 and a beta of 0.28.

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

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Senestech from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, July 10th. One investment 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 company. Based on data from MarketBeat, Senestech presently has an average rating of “Hold”.

Hedge Funds Weigh In On Senestech

Several hedge funds have recently bought and sold shares of SNES. Diversify Wealth Management LLC purchased a new stake in Senestech in the first quarter worth $31,000. XTX Topco Ltd purchased a new position in Senestech in the 4th quarter worth about $54,000. Sabby Management LLC lifted its holdings in Senestech by 195.4% during the 4th quarter. Sabby Management LLC now owns 210,564 shares of the company’s stock valued at $451,000 after buying an additional 139,281 shares in the last quarter. Jane Street Group LLC purchased a new stake in Senestech in the 4th quarter valued at about $32,000. Finally, DRW Securities LLC grew its stake in Senestech by 171.1% in the 4th quarter. DRW Securities LLC now owns 82,107 shares of the company’s stock worth $176,000 after acquiring an additional 51,818 shares in the last quarter. 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.