Senestech (NASDAQ:SNES) Stock: Insider Glenbrook Capital Management Acquires 60,000 Shares

Senestech, Inc. (NASDAQ:SNES) major shareholder Glenbrook Capital Management bought 60,000 shares of the stock in a transaction dated Wednesday, October 21st. The stock was bought at an average price of $0.74 per share, with a total value of $44,400.00. Following the purchase, the insider owned 2,159,473 shares of the company’s stock, valued at approximately $1,598,010.02. This represents a 2.86% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 Thursday, October 22nd, Glenbrook Capital Management purchased 7,500 shares of Senestech stock. The shares were bought at an average cost of $0.80 per share, for a total transaction of $6,000.00.
• On Tuesday, October 20th, Glenbrook Capital Management purchased 36,375 shares of Senestech stock. The stock was bought at an average price of $0.67 per share, with a total value of $24,371.25.
• On Monday, October 19th, Glenbrook Capital Management acquired 376,552 shares of Senestech stock. The stock was purchased at an average cost of $0.70 per share, with a total value of $263,586.40.
• On Friday, October 16th, Glenbrook Capital Management acquired 181,252 shares of Senestech stock. The shares were purchased at an average price of $0.63 per share, for a total transaction of $114,188.76.
• On Thursday, October 15th, Glenbrook Capital Management bought 426,000 shares of Senestech stock. The shares were purchased at an average cost of $0.77 per share, for a total transaction of $328,020.00.
• On Friday, August 7th, Glenbrook Capital Management bought 6,490 shares of Senestech stock. The stock was purchased at an average price of $1.30 per share, with a total value of $8,437.00.
• On Thursday, August 6th, Glenbrook Capital Management purchased 15,000 shares of Senestech stock. The shares were purchased at an average cost of $1.30 per share, with a total value of $19,500.00.

Senestech Stock Up 6.5%

SNES traded up $0.05 during trading hours on Thursday, reaching $0.80. 396,796 shares of the stock traded hands, compared to its average volume of 377,329. Senestech, Inc. has a fifty-two week low of $0.55 and a fifty-two week high of $3.90. The company has a market cap of $4.33 million, a price-to-earnings ratio of -0.58 and a beta of 0.25. The company has a debt-to-equity ratio of 0.02, a current ratio of 6.78 and a quick ratio of 5.81. The firm’s fifty day simple moving average is $0.90 and its two-hundred day simple moving average is $1.32.

Senestech (NASDAQ:SNES) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.35) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.02. The company had revenue of $0.77 million during the quarter, compared to analysts’ expectations of $0.60 million. Senestech had a negative net margin of 294.73% and a negative return on equity of 71.89%. As a group, analysts forecast that Senestech, Inc. will post -1.28 earnings per share for the current fiscal year.

Institutional Trading of Senestech

An institutional investor recently bought a new position in Senestech stock. Diversify Wealth Management LLC bought a new position in Senestech, Inc. (NASDAQ:SNES) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 19,119 shares of the company’s stock, valued at approximately $31,000. Diversify Wealth Management LLC owned approximately 0.36% of Senestech at the end of the most recent quarter. Institutional investors own 5.19% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings cut Senestech from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Senestech currently has a consensus rating of “Sell”.

Senestech Company Profile

SenesTech, Inc is a life sciences company focused on developing fertility-control technologies for managing pest populations. The company’s approach is designed to reduce the reproduction of rodents rather than relying solely on traditional lethal control methods.

SenesTech’s primary product is ContraPest, a liquid bait formulated to target the fertility of both male and female rats. The product is intended for use in settings such as commercial facilities, urban areas, agricultural operations and other locations where rodent populations can create health, safety or economic risks.