Insider Buying: Senestech (NASDAQ:SNES) Major Shareholder Acquires $25,800.00 in Stock

Senestech, Inc. (NASDAQ:SNES) major shareholder Glenbrook Capital Management bought 15,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was purchased at an average price of $1.72 per share, with a total value of $25,800.00. Following the transaction, the insider owned 908,635 shares in the company, valued at approximately $1,562,852.20. This represents a 1.68% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 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 Monday, May 18th, Glenbrook Capital Management bought 10,000 shares of Senestech stock. The stock was purchased 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 stock was purchased at an average price of $1.65 per share, with a total value of $11,748.00.
• On Tuesday, April 28th, Glenbrook Capital Management bought 3,000 shares of Senestech stock. The stock was purchased 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 stock was purchased 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 stock was purchased 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 stock was purchased at an average price of $1.95 per share, with a total value of $285,185.55.
• On Thursday, February 19th, Glenbrook Capital Management bought 34,613 shares of Senestech stock. The stock was purchased at an average price of $2.40 per share, with a total value of $83,071.20.
• On Wednesday, February 18th, Glenbrook Capital Management bought 10,481 shares of Senestech stock. The stock was purchased at an average price of $2.29 per share, with a total value of $24,001.49.
• On Tuesday, February 17th, Glenbrook Capital Management bought 40,807 shares of Senestech stock. The stock was purchased at an average price of $2.29 per share, with a total value of $93,448.03.

Senestech Price Performance

Shares of SNES opened at $1.79 on Thursday. The firm has a market cap of $9.49 million, a price-to-earnings ratio of -0.95 and a beta of 0.18. The stock has a 50 day moving average of $1.68 and a 200-day moving average of $2.14. The company has a current ratio of 8.91, a quick ratio of 7.79 and a debt-to-equity ratio of 0.02. Senestech, Inc. has a 52 week low of $1.41 and a 52 week high of $6.24.

Senestech (NASDAQ:SNES) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.02. Senestech had a negative return on equity of 67.60% and a negative net margin of 304.22%.The business had revenue of $0.49 million during the quarter, compared to analyst estimates of $0.63 million. As a group, analysts forecast that Senestech, Inc. will post -1.61 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Senestech in a research report on Friday, March 27th. One research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SNES. Diversify Wealth Management LLC acquired a new position in Senestech during the 1st quarter valued at approximately $31,000. Jane Street Group LLC bought a new stake in Senestech during the 4th quarter valued at $32,000. Diversify Advisory Services LLC bought a new stake in Senestech during the 4th quarter valued at $34,000. XTX Topco Ltd bought a new stake in Senestech during the 4th quarter valued at $54,000. Finally, Geode Capital Management LLC bought a new stake in Senestech during the 2nd quarter valued at $59,000. Institutional investors and hedge funds own 5.19% of the company’s stock.

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.