Senestech (NASDAQ:SNES) Major Shareholder Buys $285,185.55 in Stock

Senestech, Inc. (NASDAQ:SNES) major shareholder Glenbrook Capital Management acquired 146,249 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was purchased at an average price of $1.95 per share, with a total value of $285,185.55. Following the transaction, the insider owned 865,850 shares of the company’s stock, valued at approximately $1,688,407.50. This trade represents a 20.32% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more 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 Tuesday, March 17th, Glenbrook Capital Management bought 19,725 shares of Senestech stock. The shares were purchased at an average cost of $1.79 per share, for a total transaction of $35,307.75.
• On Monday, March 16th, Glenbrook Capital Management bought 5,060 shares of Senestech stock. The shares were acquired at an average price of $1.86 per share, for a total transaction of $9,411.60.
• On Thursday, February 19th, Glenbrook Capital Management purchased 34,613 shares of Senestech stock. The stock was acquired at an average price of $2.40 per share, with a total value of $83,071.20.
• On Wednesday, February 18th, Glenbrook Capital Management purchased 10,481 shares of Senestech stock. The stock was acquired at an average cost of $2.29 per share, with a total value of $24,001.49.
• On Tuesday, February 17th, Glenbrook Capital Management purchased 40,807 shares of Senestech stock. The shares were acquired at an average price of $2.29 per share, for a total transaction of $93,448.03.
• On Friday, February 13th, Glenbrook Capital Management purchased 15,390 shares of Senestech stock. The shares were acquired at an average price of $1.89 per share, for a total transaction of $29,087.10.
• On Thursday, February 12th, Glenbrook Capital Management acquired 7,956 shares of Senestech stock. The stock was acquired at an average cost of $1.72 per share, for a total transaction of $13,684.32.
• On Wednesday, February 11th, Glenbrook Capital Management acquired 8,000 shares of Senestech stock. The stock was acquired at an average price of $1.73 per share, with a total value of $13,840.00.
• On Thursday, February 5th, Glenbrook Capital Management acquired 2,884 shares of Senestech stock. The stock was acquired at an average price of $1.77 per share, with a total value of $5,104.68.
• On Wednesday, February 4th, Glenbrook Capital Management bought 5,685 shares of Senestech stock. The shares were acquired at an average cost of $1.82 per share, with a total value of $10,346.70.

Senestech Trading Down 9.4%

Shares of NASDAQ:SNES opened at $1.74 on Friday. Senestech, Inc. has a 1 year low of $1.30 and a 1 year high of $6.24. The firm has a market capitalization of $9.22 million, a price-to-earnings ratio of -0.63 and a beta of 0.15. 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 business’s 50 day moving average price is $2.04 and its 200-day moving average price is $2.96.

Senestech (NASDAQ:SNES) last issued its quarterly earnings results on Thursday, March 12th. The company reported ($0.29) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.01. The company had revenue of $0.42 million during the quarter, compared to analyst estimates of $0.78 million. Senestech had a negative net margin of 287.39% and a negative return on equity of 78.74%. On average, equities research analysts forecast that Senestech, Inc. will post -10.22 earnings per share for the current fiscal year.

Institutional Trading of Senestech

Large investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new position in shares of Senestech during the 4th quarter worth $54,000. Sabby Management LLC grew its holdings in shares of 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 purchasing an additional 139,281 shares during the period. Jane Street Group LLC purchased a new stake in shares of Senestech in the fourth quarter valued at about $32,000. DRW Securities LLC increased its position in Senestech by 171.1% during the fourth quarter. DRW Securities LLC now owns 82,107 shares of the company’s stock worth $176,000 after purchasing an additional 51,818 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Senestech by 35.2% during the fourth 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. 5.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Senestech in a research note on Monday, December 29th. One investment 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 stock. Based on data from MarketBeat, Senestech has an average 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.