Glenbrook Capital Management Purchases 19,725 Shares of Senestech (NASDAQ:SNES) Stock

Senestech, Inc. (NASDAQ:SNES) major shareholder Glenbrook Capital Management bought 19,725 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were acquired at an average price of $1.79 per share, for a total transaction of $35,307.75. Following the acquisition, the insider directly owned 890,635 shares of the company’s stock, valued at approximately $1,594,236.65. The trade was a 2.26% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Major 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 Monday, March 16th, Glenbrook Capital Management purchased 5,060 shares of Senestech stock. The stock was acquired at an average cost of $1.86 per share, with a total value of $9,411.60.
• On Friday, March 13th, Glenbrook Capital Management purchased 146,249 shares of Senestech stock. The shares were bought at an average price of $1.95 per share, for a total transaction 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 cost of $2.40 per share, for a total transaction of $83,071.20.
• On Wednesday, February 18th, Glenbrook Capital Management acquired 10,481 shares of Senestech stock. The stock was 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 bought 40,807 shares of Senestech stock. The stock was bought at an average cost of $2.29 per share, with a total value of $93,448.03.
• On Friday, February 13th, Glenbrook Capital Management bought 15,390 shares of Senestech stock. The stock was bought at an average cost of $1.89 per share, with a total value of $29,087.10.
• On Thursday, February 12th, Glenbrook Capital Management bought 7,956 shares of Senestech stock. The shares were bought at an average price of $1.72 per share, for a total transaction of $13,684.32.
• On Wednesday, February 11th, Glenbrook Capital Management purchased 8,000 shares of Senestech stock. The shares were bought at an average cost of $1.73 per share, for a total transaction of $13,840.00.
• On Thursday, February 5th, Glenbrook Capital Management purchased 2,884 shares of Senestech stock. The stock was bought at an average cost of $1.77 per share, with a total value of $5,104.68.
• On Wednesday, February 4th, Glenbrook Capital Management purchased 5,685 shares of Senestech stock. The stock was bought at an average cost of $1.82 per share, with a total value of $10,346.70.

Senestech Stock Performance

SNES stock opened at $1.92 on Thursday. The company has a 50 day moving average price of $2.05 and a 200 day moving average price of $2.97. Senestech, Inc. has a fifty-two week low of $1.30 and a fifty-two week high of $6.24. The company has a debt-to-equity ratio of 0.02, a current ratio of 12.61 and a quick ratio of 14.73. The stock has a market capitalization of $10.18 million, a PE ratio of -0.69 and a beta of 0.15.

Senestech (NASDAQ:SNES) last announced its quarterly earnings data on Thursday, March 12th. The company reported ($0.29) EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.01. The firm had revenue of $0.42 million for the quarter, compared to analyst estimates of $0.78 million. Senestech had a negative return on equity of 78.74% and a negative net margin of 287.39%. Analysts forecast that Senestech, Inc. will post -10.22 EPS for the current year.

Hedge Funds Weigh In On Senestech

Several large investors have recently bought and sold shares of the business. Sabby Management LLC boosted its stake in 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 during the last quarter. DRW Securities LLC lifted its stake in shares of Senestech by 171.1% in the 4th quarter. DRW Securities LLC now owns 82,107 shares of the company’s stock valued at $176,000 after purchasing an additional 51,818 shares during the period. Corsair Capital Management L.P. bought a new position in shares of Senestech in the 2nd quarter worth $255,000. Renaissance Technologies LLC boosted its position in shares of Senestech by 35.2% in the 4th quarter. Renaissance Technologies LLC now owns 142,800 shares of the company’s stock worth $306,000 after purchasing an additional 37,165 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Senestech during the second quarter worth $161,000. 5.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Senestech in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus 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.