Glenbrook Capital Management Buys 8,230 Shares of Senestech (NASDAQ:SNES) Stock

Senestech, Inc. (NASDAQ:SNES) major shareholder Glenbrook Capital Management bought 8,230 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were purchased at an average price of $1.65 per share, with a total value of $13,579.50. Following the transaction, the insider owned 933,985 shares of the company’s stock, valued at $1,541,075.25. The trade was a 0.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Monday, June 8th, Glenbrook Capital Management bought 7,000 shares of Senestech stock. The stock was acquired at an average cost of $1.61 per share, for a total transaction of $11,270.00.
• On Friday, June 5th, Glenbrook Capital Management bought 13,159 shares of Senestech stock. The stock was acquired at an average cost of $1.57 per share, for a total transaction of $20,659.63.
• On Monday, May 18th, Glenbrook Capital Management purchased 10,000 shares of Senestech stock. The shares were acquired 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 acquired at an average price of $1.65 per share, for a total transaction of $11,748.00.
• On Thursday, May 14th, Glenbrook Capital Management acquired 15,000 shares of Senestech stock. The stock was acquired at an average cost of $1.72 per share, for a total transaction of $25,800.00.
• On Tuesday, April 28th, Glenbrook Capital Management acquired 3,000 shares of Senestech stock. The stock was acquired at an average cost of $1.47 per share, for a total transaction 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 cost 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 purchased 146,249 shares of Senestech stock. The stock was bought at an average cost of $1.95 per share, for a total transaction of $285,185.55.

Senestech Trading Up 5.2%

Shares of NASDAQ:SNES traded up $0.08 during midday trading on Monday, hitting $1.61. The company had a trading volume of 31,515 shares, compared to its average volume of 64,218. The firm has a fifty day simple moving average of $1.64 and a 200 day simple moving average of $2.02. The stock has a market cap of $8.54 million, a price-to-earnings ratio of -0.85 and a beta of 0.28. 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 12 month low of $1.41 and a 12 month high of $6.24.

Senestech (NASDAQ:SNES) last released 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. Senestech had a negative return on equity of 67.60% and a negative net margin of 304.22%.The firm had revenue of $0.49 million for the quarter, compared to analyst estimates of $0.63 million. On average, analysts predict that Senestech, Inc. will post -1.57 EPS for the current year.

Institutional Trading of Senestech

A number of large investors have recently made changes to their positions in SNES. Sabby Management LLC lifted its holdings in Senestech by 195.4% during the fourth quarter. Sabby Management LLC now owns 210,564 shares of the company’s stock worth $451,000 after acquiring an additional 139,281 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Senestech by 35.2% in the fourth quarter. Renaissance Technologies LLC now owns 142,800 shares of the company’s stock worth $306,000 after acquiring an additional 37,165 shares in the last quarter. DRW Securities LLC increased its holdings in shares of Senestech by 171.1% in the fourth quarter. DRW Securities LLC now owns 82,107 shares of the company’s stock worth $176,000 after acquiring an additional 51,818 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Senestech during the second quarter worth about $161,000. Finally, Millennium Management LLC acquired a new stake in shares of Senestech during the third quarter worth about $126,000. Institutional investors own 5.19% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated 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 given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Senestech 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.