Insider Buying: Senestech (NASDAQ:SNES) Major Shareholder Purchases 7,120 Shares of Stock

Senestech, Inc. (NASDAQ:SNES) major shareholder Glenbrook Capital Management purchased 7,120 shares of Senestech stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average price of $1.65 per share, with a total value of $11,748.00. Following the transaction, the insider owned 915,755 shares in the company, valued at $1,510,995.75. This represents a 0.78% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 Monday, May 18th, Glenbrook Capital Management purchased 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 Thursday, May 14th, Glenbrook Capital Management bought 15,000 shares of Senestech stock. The stock was bought at an average price of $1.72 per share, with a total value of $25,800.00.
• On Tuesday, April 28th, Glenbrook Capital Management bought 3,000 shares of Senestech stock. The shares were 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 shares were 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 shares were 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 purchased 146,249 shares of Senestech stock. The shares were acquired at an average cost of $1.95 per share, with a total value of $285,185.55.
• On Thursday, February 19th, Glenbrook Capital Management purchased 34,613 shares of Senestech stock. The shares were acquired at an average cost of $2.40 per share, with a total value of $83,071.20.
• On Wednesday, February 18th, Glenbrook Capital Management purchased 10,481 shares of Senestech stock. The shares were acquired at an average cost of $2.29 per share, with a total value of $24,001.49.
• On Tuesday, February 17th, Glenbrook Capital Management purchased 40,807 shares of Senestech stock. The shares were acquired at an average cost of $2.29 per share, with a total value of $93,448.03.

Senestech Trading Down 1.9%

Shares of SNES traded down $0.03 on Monday, reaching $1.59. 80,237 shares of the company’s stock were exchanged, compared to its average volume of 133,371. The business has a 50 day moving average price of $1.70 and a two-hundred day moving average price of $2.16. The company has a current ratio of 8.91, a quick ratio of 7.79 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $8.43 million, a P/E ratio of -0.84 and a beta of 0.18. Senestech, Inc. has a 12 month low of $1.41 and a 12 month high of $6.24.

Senestech (NASDAQ:SNES) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.31) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.02. The company had revenue of $0.49 million for the quarter, compared to the consensus estimate of $0.63 million. Senestech had a negative return on equity of 67.60% and a negative net margin of 304.22%. Research analysts anticipate that Senestech, Inc. will post -1.36 earnings per share for the current year.

Institutional Investors Weigh In On Senestech

Several large investors have recently bought and sold shares of the company. Sabby Management LLC increased its stake in Senestech by 195.4% in the fourth quarter. Sabby Management LLC now owns 210,564 shares of the company’s stock valued at $451,000 after purchasing an additional 139,281 shares in the last quarter. Renaissance Technologies LLC increased its stake in Senestech by 35.2% in the fourth quarter. Renaissance Technologies LLC now owns 142,800 shares of the company’s stock valued at $306,000 after purchasing an additional 37,165 shares in the last quarter. DRW Securities LLC increased its stake in Senestech by 171.1% in the fourth quarter. DRW Securities LLC now owns 82,107 shares of the company’s stock valued at $176,000 after purchasing an additional 51,818 shares in the last quarter. Jane Street Group LLC bought a new stake in Senestech in the second quarter valued at approximately $161,000. Finally, Millennium Management LLC bought a new stake in Senestech in the third quarter valued at approximately $126,000. Institutional investors own 5.19% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Senestech in a research note on Friday, March 27th. One equities 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 stock. According to data from MarketBeat, Senestech has a consensus 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.