Senestech (NASDAQ:SNES) Major Shareholder Glenbrook Capital Management Purchases 35,000 Shares of Stock

Senestech, Inc. (NASDAQ:SNES) major shareholder Glenbrook Capital Management acquired 35,000 shares of the business’s stock in a transaction on Monday, July 20th. The shares were bought at an average cost of $1.47 per share, for a total transaction of $51,450.00. Following the acquisition, the insider owned 1,057,824 shares of the company’s stock, valued at $1,555,001.28. This represents a 3.42% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 Tuesday, June 30th, Glenbrook Capital Management bought 35,000 shares of Senestech stock. The stock was bought at an average cost of $1.51 per share, for a total transaction of $52,850.00.
• On Monday, June 22nd, Glenbrook Capital Management bought 5,000 shares of Senestech stock. The stock was bought at an average cost of $1.66 per share, for a total transaction of $8,300.00.
• On Wednesday, June 17th, Glenbrook Capital Management purchased 3,264 shares of Senestech stock. The shares were bought at an average price 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 acquired 10,000 shares of Senestech stock. The shares were purchased at an average cost of $1.59 per share, for a total transaction of $15,900.00.
• On Friday, May 15th, Glenbrook Capital Management bought 7,120 shares of Senestech stock. The shares were purchased at an average price of $1.65 per share, for a total transaction of $11,748.00.
• On Thursday, May 14th, Glenbrook Capital Management bought 15,000 shares of Senestech stock. The shares were purchased at an average price of $1.72 per share, for a total transaction of $25,800.00.

Senestech Stock Up 0.8%

Senestech stock opened at $1.34 on Wednesday. Senestech, Inc. has a fifty-two week low of $1.31 and a fifty-two week high of $6.24. The company has a debt-to-equity ratio of 0.02, a quick ratio of 7.79 and a current ratio of 8.91. The company has a market capitalization of $7.10 million, a P/E ratio of -0.71 and a beta of 0.28. The stock has a 50-day simple moving average of $1.56 and a 200-day simple moving average of $1.76.

Senestech (NASDAQ:SNES) last announced its earnings results 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. The firm had revenue of $0.49 million during the quarter, compared to analysts’ expectations of $0.63 million. Senestech had a negative return on equity of 67.60% and a negative net margin of 304.22%. Equities research analysts expect that Senestech, Inc. will post -1.57 earnings per share for the current year.

Institutional Investors Weigh In On Senestech

A number of institutional investors and hedge funds have recently made changes to their positions in SNES. Sabby Management LLC grew its holdings in shares of 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 buying an additional 139,281 shares during the last quarter. DRW Securities LLC increased its position in Senestech by 171.1% in the 4th quarter. DRW Securities LLC now owns 82,107 shares of the company’s stock valued at $176,000 after acquiring an additional 51,818 shares during the period. Renaissance Technologies LLC raised its stake 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 during the last quarter. Jane Street Group LLC purchased a new stake in Senestech during the 2nd quarter valued at approximately $161,000. Finally, Millennium Management LLC acquired a new stake in Senestech during the 3rd quarter worth approximately $126,000. 5.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.