Senestech (NASDAQ:SNES) Major Shareholder Purchases $51,450.00 in Stock

Senestech, Inc. (NASDAQ:SNES) major shareholder Glenbrook Capital Management purchased 35,000 shares of the company’s stock in a transaction that occurred on Monday, July 20th. The stock was acquired at an average cost of $1.47 per share, for a total transaction of $51,450.00. Following the transaction, the insider owned 1,057,824 shares in the company, valued at $1,555,001.28. This represents a 3.42% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 Tuesday, June 30th, Glenbrook Capital Management acquired 35,000 shares of Senestech stock. The shares were purchased at an average cost of $1.51 per share, for a total transaction of $52,850.00.
• On Monday, June 22nd, Glenbrook Capital Management purchased 5,000 shares of Senestech stock. The shares were purchased at an average price of $1.66 per share, for a total transaction of $8,300.00.
• On Wednesday, June 17th, Glenbrook Capital Management bought 3,264 shares of Senestech stock. The shares were purchased 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 acquired at an average cost of $1.61 per share, with a total value of $11,270.00.
• On Friday, June 5th, Glenbrook Capital Management bought 13,159 shares of Senestech stock. The shares were acquired at an average price of $1.57 per share, for a total transaction of $20,659.63.
• On Thursday, June 4th, Glenbrook Capital Management bought 8,230 shares of Senestech stock. The stock was bought at an average price of $1.65 per share, for a total transaction of $13,579.50.
• On Monday, May 18th, Glenbrook Capital Management purchased 10,000 shares of Senestech stock. The shares were 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 acquired 7,120 shares of Senestech stock. The shares were purchased at an average cost 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 stock was purchased at an average cost of $1.72 per share, with a total value of $25,800.00.

Senestech Stock Up 3.9%

Shares of NASDAQ SNES opened at $1.32 on Friday. 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 stock has a market capitalization of $7.00 million, a PE ratio of -0.70 and a beta of 0.28. Senestech, Inc. has a one year low of $1.22 and a one year high of $6.24. The business’s fifty day moving average price is $1.54 and its 200-day moving average price is $1.74.

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

Institutional Trading of Senestech

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC purchased a new stake in Senestech during the 2nd quarter worth about $59,000. Jane Street Group LLC purchased a new position in Senestech during the 4th quarter valued at about $32,000. Diversify Advisory Services LLC purchased a new position in Senestech during the 4th quarter valued at about $34,000. Diversify Wealth Management LLC bought a new stake in shares of Senestech during the first quarter valued at about $31,000. Finally, XTX Topco Ltd bought a new stake in shares of Senestech during the fourth quarter valued at about $54,000. 5.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Senestech from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently 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.