Senestech (NASDAQ:SNES) Major Shareholder Glenbrook Capital Management Buys 8,230 Shares

Senestech, Inc. (NASDAQ:SNES) major shareholder Glenbrook Capital Management bought 8,230 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were bought at an average price of $1.65 per share, for a total transaction of $13,579.50. Following the completion of the acquisition, the insider owned 933,985 shares of the company’s stock, valued at approximately $1,541,075.25. This represents a 0.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases 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 bought at an average cost of $1.61 per share, for a total transaction of $11,270.00.
• On Friday, June 5th, Glenbrook Capital Management acquired 13,159 shares of Senestech stock. The shares were bought at an average cost of $1.57 per share, for a total transaction of $20,659.63.
• 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 purchased at an average price of $1.65 per share, with a total value of $11,748.00.
• On Thursday, May 14th, Glenbrook Capital Management bought 15,000 shares of Senestech stock. The stock was purchased at an average cost 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 price 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 stock was 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 acquired 5,060 shares of Senestech stock. The stock was acquired at an average price of $1.86 per share, with a total value of $9,411.60.
• On Friday, March 13th, Glenbrook Capital Management acquired 146,249 shares of Senestech stock. The shares were acquired at an average cost of $1.95 per share, with a total value of $285,185.55.

Senestech Price Performance

Shares of Senestech stock traded up $0.08 during trading on Monday, hitting $1.61. 31,515 shares of the company’s stock traded hands, compared to its average volume of 64,218. The company has a market cap of $8.54 million, a PE ratio of -0.85 and a beta of 0.28. The firm’s fifty day moving average price is $1.64 and its 200 day moving average price is $2.02. Senestech, Inc. has a twelve month low of $1.41 and a twelve month high of $6.24. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.91 and a quick ratio of 7.79.

Senestech (NASDAQ:SNES) last issued its earnings results on Tuesday, May 12th. The company reported ($0.31) earnings per share (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 return on equity of 67.60% and a negative net margin of 304.22%. Analysts forecast that Senestech, Inc. will post -1.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Senestech in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Senestech presently has a consensus rating of “Hold”.

Institutional Trading of Senestech

Hedge funds have recently modified their holdings of the stock. Sabby Management LLC raised its position in Senestech by 195.4% in the 4th quarter. Sabby Management LLC now owns 210,564 shares of the company’s stock worth $451,000 after purchasing an additional 139,281 shares during the last quarter. DRW Securities LLC lifted its holdings in Senestech by 171.1% during the 4th quarter. DRW Securities LLC now owns 82,107 shares of the company’s stock worth $176,000 after buying an additional 51,818 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Senestech by 35.2% during the 4th quarter. Renaissance Technologies LLC now owns 142,800 shares of the company’s stock worth $306,000 after buying an additional 37,165 shares in the last quarter. Jane Street Group LLC acquired a new position in Senestech during the 2nd quarter worth $161,000. Finally, Millennium Management LLC acquired a new position in Senestech during the 3rd quarter worth $126,000. 5.19% of the stock is owned by institutional investors.

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.