Insider Buying: Senestech (NASDAQ:SNES) Major Shareholder Purchases 13,159 Shares of Stock

Senestech, Inc. (NASDAQ:SNES) major shareholder Glenbrook Capital Management purchased 13,159 shares of the stock in a transaction dated Friday, June 5th. The shares were purchased at an average price of $1.57 per share, with a total value of $20,659.63. Following the completion of the acquisition, the insider owned 947,144 shares of the company’s stock, valued at approximately $1,487,016.08. This represents a 1.41% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions 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 purchased 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 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 bought 10,000 shares of Senestech stock. The shares were purchased at an average price 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 purchased 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, with a total value of $25,800.00.
• On Tuesday, April 28th, Glenbrook Capital Management purchased 3,000 shares of Senestech stock. The shares were acquired 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 cost 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 cost 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 cost of $1.95 per share, for a total transaction of $285,185.55.

Senestech Trading Up 5.2%

Shares of Senestech stock traded up $0.08 during trading hours on Monday, reaching $1.61. 31,515 shares of the company’s stock were exchanged, compared to its average volume of 64,218. Senestech, Inc. has a 52-week low of $1.41 and a 52-week high of $6.24. The firm has a market capitalization of $8.54 million, a price-to-earnings ratio of -0.85 and a beta of 0.28. The company has a fifty day moving average of $1.64 and a 200-day moving average of $2.02. 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 posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.31) EPS for the quarter, beating the consensus estimate of ($0.33) by $0.02. Senestech had a negative return on equity of 67.60% and a negative net margin of 304.22%.The company had revenue of $0.49 million during the quarter, compared to analysts’ expectations of $0.63 million. Sell-side analysts forecast that Senestech, Inc. will post -1.57 EPS for the current fiscal year.

Institutional Investors Weigh In On Senestech

Several large investors have recently made changes to their positions in the company. Geode Capital Management LLC acquired a new position in shares of Senestech during the second quarter worth approximately $59,000. Jane Street Group LLC acquired a new stake in Senestech in the 4th quarter valued at approximately $32,000. Diversify Advisory Services LLC acquired a new stake in Senestech in the 4th quarter valued at approximately $34,000. Diversify Wealth Management LLC bought a new stake in Senestech during the 1st quarter valued at $31,000. Finally, XTX Topco Ltd acquired a new position in Senestech during the 4th quarter worth $54,000. Institutional investors and hedge funds own 5.19% of the company’s stock.

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 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

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.