Senestech (NASDAQ:SNES) Major Shareholder Purchases 28,000 Shares of Company Stock

Senestech, Inc. (NASDAQ:SNES – Get Free Report) major shareholder Glenbrook Capital Management bought 28,000 shares of Senestech stock in a transaction that occurred on Wednesday, October 28th. The shares were acquired at an average price of $0.97 per share, for a total transaction of $27,160.00. Following the completion of the transaction, the insider directly owned 2,194,973 shares of the company’s stock, valued at $2,129,123.81. This trade represents a 1.29% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% 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 Friday, October 30th, Glenbrook Capital Management purchased 2,000 shares of Senestech stock. The stock was acquired at an average cost of $1.02 per share, for a total transaction of $2,040.00.
  • On Thursday, October 22nd, Glenbrook Capital Management purchased 7,500 shares of Senestech stock. The stock was acquired at an average price of $0.80 per share, with a total value of $6,000.00.
  • On Wednesday, October 21st, Glenbrook Capital Management acquired 60,000 shares of Senestech stock. The shares were bought at an average cost of $0.74 per share, with a total value of $44,400.00.
  • On Tuesday, October 20th, Glenbrook Capital Management acquired 36,375 shares of Senestech stock. The shares were bought at an average price of $0.67 per share, for a total transaction of $24,371.25.
  • On Monday, October 19th, Glenbrook Capital Management acquired 376,552 shares of Senestech stock. The shares were bought at an average price of $0.70 per share, for a total transaction of $263,586.40.
  • On Friday, October 16th, Glenbrook Capital Management bought 181,252 shares of Senestech stock. The stock was bought at an average cost of $0.63 per share, for a total transaction of $114,188.76.
  • On Thursday, October 15th, Glenbrook Capital Management bought 426,000 shares of Senestech stock. The stock was bought 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 stock was bought 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 shares were bought at an average cost of $1.30 per share, with a total value of $19,500.00.

Senestech Trading Up 6.9%

Shares of NASDAQ:SNES traded up $0.07 during trading on Friday, reaching $1.08. 95,315 shares of the stock were exchanged, compared to its average volume of 3,223,272. The company has a quick ratio of 5.81, a current ratio of 6.78 and a debt-to-equity ratio of 0.02. Senestech, Inc. has a 12-month low of $0.55 and a 12-month high of $3.61. The firm’s 50-day moving average price is $0.85 and its 200 day moving average price is $1.49.

Senestech (NASDAQ:SNES – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.35) EPS for the quarter, beating the consensus estimate of ($0.37) by $0.02. The firm had revenue of $0.77 million for the quarter, compared to analyst estimates of $0.60 million. Senestech had a negative net margin of 294.73% and a negative return on equity of 71.89%. Equities analysts forecast that Senestech, Inc. will post -1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Analysis on SNES

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Senestech stock. Diversify Wealth Management LLC purchased a new stake in shares of Senestech, Inc. (NASDAQ:SNES – Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 19,119 shares of the company’s stock, valued at approximately $31,000. Diversify Wealth Management LLC owned approximately 0.36% of Senestech at the end of the most recent quarter. 5.19% of the stock is currently owned by hedge funds and other institutional investors.

About Senestech

(Get Free Report)

SenesTech, Inc is a biotechnology company focused on developing fertility-control technologies for managing animal populations. The company’s approach is designed to reduce reproduction rather than rely solely on lethal control methods, with applications primarily in rodent management.

SenesTech’s principal product is ContraPest, a liquid bait designed to reduce fertility in rats by affecting reproductive function in both male and female animals. The product is intended for use in commercial, municipal and other settings where rat populations pose sanitation, health or property risks.

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