Senestech (NASDAQ:SNES) Major Shareholder Glenbrook Capital Management Purchases 15,000 Shares

Senestech, Inc. (NASDAQ:SNES) major shareholder Glenbrook Capital Management acquired 15,000 shares of Senestech stock in a transaction dated Thursday, August 6th. The stock was purchased at an average price of $1.30 per share, for a total transaction of $19,500.00. Following the completion of the acquisition, the insider directly owned 1,072,804 shares in the company, valued at approximately $1,394,645.20. This represents a 1.42% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% 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 Friday, August 7th, Glenbrook Capital Management purchased 6,490 shares of Senestech stock. The shares were acquired at an average cost of $1.30 per share, with a total value of $8,437.00.
• On Monday, July 20th, Glenbrook Capital Management bought 35,000 shares of Senestech stock. The shares were acquired at an average cost of $1.47 per share, for a total transaction of $51,450.00.
• On Tuesday, June 30th, Glenbrook Capital Management purchased 35,000 shares of Senestech stock. The stock was acquired at an average cost of $1.51 per share, with a total value of $52,850.00.
• On Monday, June 22nd, Glenbrook Capital Management acquired 5,000 shares of Senestech stock. The shares were bought at an average price of $1.66 per share, with a total value of $8,300.00.
• On Wednesday, June 17th, Glenbrook Capital Management bought 3,264 shares of Senestech stock. The stock was bought at an average cost of $1.61 per share, for a total transaction of $5,255.04.
• On Monday, June 8th, Glenbrook Capital Management purchased 7,000 shares of Senestech stock. The shares were bought at an average price of $1.61 per share, for a total transaction of $11,270.00.
• On Friday, June 5th, Glenbrook Capital Management purchased 13,159 shares of Senestech stock. The stock was bought at an average cost of $1.57 per share, with a total value of $20,659.63.
• On Thursday, June 4th, Glenbrook Capital Management acquired 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 bought 10,000 shares of Senestech stock. The stock was purchased at an average cost of $1.59 per share, with a total value of $15,900.00.
• On Friday, May 15th, Glenbrook Capital Management acquired 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.

Senestech Stock Performance

Shares of Senestech stock traded down $0.02 during trading on Monday, reaching $1.27. The company’s stock had a trading volume of 70,172 shares, compared to its average volume of 74,183. The company has a 50-day moving average price of $1.50 and a two-hundred day moving average price of $1.71. Senestech, Inc. has a fifty-two week low of $1.15 and a fifty-two week high of $5.35. The firm has a market cap of $6.88 million, a PE ratio of -0.93 and a beta of 0.28. The company has a current ratio of 6.78, a quick ratio of 5.81 and a debt-to-equity ratio of 0.02.

Senestech (NASDAQ:SNES) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 71.89% and a negative net margin of 294.73%. On average, analysts forecast that Senestech, Inc. will post -1.57 EPS for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Senestech from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, July 10th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Senestech has an average rating of “Reduce”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC acquired a new stake in shares of Senestech during the 2nd quarter valued at approximately $59,000. Jane Street Group LLC acquired a new position in shares of Senestech during the 2nd quarter worth $161,000. Millennium Management LLC purchased a new stake in shares of Senestech in the 3rd quarter worth about $126,000. Diversify Advisory Services LLC purchased a new position in Senestech during the 4th quarter valued at about $34,000. Finally, Renaissance Technologies LLC increased its holdings in Senestech by 35.2% during the 4th quarter. Renaissance Technologies LLC now owns 142,800 shares of the company’s stock valued at $306,000 after acquiring an additional 37,165 shares in the last quarter. 5.19% of the stock is currently owned by institutional investors and hedge funds.

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.