Senestech (NASDAQ:SNES) Major Shareholder Acquires $11,270.00 in Stock

Senestech, Inc. (NASDAQ:SNES) major shareholder Glenbrook Capital Management purchased 7,000 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was bought at an average price of $1.61 per share, with a total value of $11,270.00. Following the completion of the acquisition, the insider owned 954,144 shares in the company, valued at $1,536,171.84. This represents a 0.74% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Friday, June 5th, Glenbrook Capital Management purchased 13,159 shares of Senestech stock. The stock was bought at an average price of $1.57 per share, with a total value of $20,659.63.
• On Thursday, June 4th, Glenbrook Capital Management purchased 8,230 shares of Senestech stock. The stock was bought at an average price of $1.65 per share, with a total value of $13,579.50.
• On Monday, May 18th, Glenbrook Capital Management purchased 10,000 shares of Senestech stock. The stock was bought at an average price of $1.59 per share, with a total value of $15,900.00.
• On Friday, May 15th, Glenbrook Capital Management bought 7,120 shares of Senestech stock. The shares were acquired 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 shares were acquired at an average price of $1.72 per share, with a total value of $25,800.00.
• On Tuesday, April 28th, Glenbrook Capital Management bought 3,000 shares of Senestech stock. The shares were acquired at an average price of $1.47 per share, with a total value of $4,410.00.
• On Tuesday, March 17th, Glenbrook Capital Management bought 19,725 shares of Senestech stock. The shares were acquired at an average price of $1.79 per share, with a total value 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, with a total value of $9,411.60.
• On Friday, March 13th, Glenbrook Capital Management bought 146,249 shares of Senestech stock. The shares were acquired at an average price of $1.95 per share, with a total value of $285,185.55.

Senestech Stock Down 0.6%

Shares of Senestech stock opened at $1.72 on Thursday. The business has a 50-day moving average of $1.64 and a 200-day moving average of $2.00. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.91 and a quick ratio of 7.79. The company has a market capitalization of $9.12 million, a PE ratio of -0.91 and a beta of 0.28. Senestech, Inc. has a 1-year low of $1.41 and a 1-year high of $6.24.

Senestech (NASDAQ:SNES) last announced its earnings results on Tuesday, May 12th. The company reported ($0.31) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.02. The company had revenue of $0.49 million during the quarter, compared to the consensus estimate of $0.63 million. Senestech had a negative return on equity of 67.60% and a negative net margin of 304.22%. As a group, equities analysts forecast that Senestech, Inc. will post -1.57 EPS for the current fiscal year.

Hedge Funds Weigh In On Senestech

Large investors have recently modified their holdings of the stock. Geode Capital Management LLC bought a new position in shares of Senestech during the second quarter worth about $59,000. Jane Street Group LLC bought a new position in shares of Senestech during the fourth quarter worth about $32,000. Diversify Advisory Services LLC bought a new position in shares of Senestech during the fourth quarter worth about $34,000. Diversify Wealth Management LLC bought a new position in shares of Senestech during the first quarter worth about $31,000. Finally, XTX Topco Ltd bought a new position in shares of Senestech during the fourth quarter worth about $54,000. Institutional investors own 5.19% of the company’s stock.

Wall Street Analysts Forecast Growth

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