Insider Buying: Senestech (NASDAQ:SNES) Major Shareholder Purchases $263,586.40 in Stock

Senestech, Inc. (NASDAQ:SNES) major shareholder Glenbrook Capital Management acquired 376,552 shares of the business’s stock in a transaction on Monday, October 19th. The stock was acquired at an average price of $0.70 per share, for a total transaction of $263,586.40. Following the acquisition, the insider owned 2,063,098 shares of the company’s stock, valued at approximately $1,444,168.60. This trade represents a 22.33% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Friday, October 16th, Glenbrook Capital Management bought 181,252 shares of Senestech stock. The shares were acquired at an average cost of $0.63 per share, with a total value of $114,188.76.
• On Thursday, October 15th, Glenbrook Capital Management bought 426,000 shares of Senestech stock. The shares were acquired at an average price of $0.77 per share, with a total value of $328,020.00.
• On Friday, August 7th, Glenbrook Capital Management bought 6,490 shares of Senestech stock. The shares were acquired at an average price of $1.30 per share, with a total value of $8,437.00.
• On Thursday, August 6th, Glenbrook Capital Management purchased 15,000 shares of Senestech stock. The stock was bought at an average cost of $1.30 per share, for a total transaction of $19,500.00.

Senestech Stock Performance

Senestech stock opened at $0.75 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.81 and a current ratio of 6.78. The stock’s 50 day moving average is $0.90 and its 200 day moving average is $1.32. Senestech, Inc. has a twelve month low of $0.55 and a twelve month high of $3.90.

Senestech (NASDAQ:SNES) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.35) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.02. The company had revenue of $0.77 million during the quarter, compared to analyst estimates of $0.60 million. Senestech had a negative return on equity of 71.89% and a negative net margin of 294.73%. As a group, sell-side analysts predict that Senestech, Inc. will post -1.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Weiss Ratings cut Senestech from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Trading of Senestech

A hedge fund recently bought a new stake in Senestech stock. Diversify Wealth Management LLC bought a new position in Senestech, Inc. (NASDAQ:SNES) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 19,119 shares of the company’s stock, valued at approximately $31,000. Diversify Wealth Management LLC owned about 0.36% of Senestech as of its most recent filing with the Securities & Exchange Commission. 5.19% of the stock is owned by institutional investors.

About Senestech

SenesTech, Inc is a life sciences company focused on developing fertility-control technologies for managing pest populations. The company’s approach is designed to reduce the reproduction of rodents rather than relying solely on traditional lethal control methods.

SenesTech’s primary product is ContraPest, a liquid bait formulated to target the fertility of both male and female rats. The product is intended for use in settings such as commercial facilities, urban areas, agricultural operations and other locations where rodent populations can create health, safety or economic risks.