Senestech (NASDAQ:SNES) Major Shareholder Acquires $114,188.76 in Stock

Senestech, Inc. (NASDAQ:SNES) major shareholder Glenbrook Capital Management purchased 181,252 shares of the firm’s stock in a transaction on Friday, October 16th. The stock was acquired at an average price of $0.63 per share, with a total value of $114,188.76. Following the completion of the purchase, the insider owned 1,686,546 shares of the company’s stock, valued at $1,062,523.98. The trade was a 12.04% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 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, October 19th, Glenbrook Capital Management purchased 376,552 shares of Senestech stock. The stock was acquired at an average cost of $0.70 per share, with a total value of $263,586.40.
• On Thursday, October 15th, Glenbrook Capital Management purchased 426,000 shares of Senestech stock. The stock was acquired at an average cost of $0.77 per share, with a total value of $328,020.00.
• On Friday, August 7th, Glenbrook Capital Management purchased 6,490 shares of Senestech stock. The shares were acquired at an average price of $1.30 per share, for a total transaction of $8,437.00.
• On Thursday, August 6th, Glenbrook Capital Management purchased 15,000 shares of Senestech stock. The shares were acquired at an average price of $1.30 per share, for a total transaction of $19,500.00.

Senestech Stock Performance

SNES opened at $0.75 on Thursday. Senestech, Inc. has a 52-week low of $0.55 and a 52-week high of $3.90. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.81 and a current ratio of 6.78. The firm’s 50-day moving average price is $0.90 and its 200-day moving average price is $1.32.

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

Analysts Set New Price Targets

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

Institutional Trading of Senestech

A hedge fund recently bought a new stake in Senestech stock. Diversify Wealth Management LLC acquired a new stake in Senestech, Inc. (NASDAQ:SNES) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,119 shares of the company’s stock, valued at approximately $31,000. Diversify Wealth Management LLC owned 0.36% of Senestech as of its most recent filing with the Securities and Exchange Commission (SEC). 5.19% of the stock is owned by hedge funds and other institutional investors.

About Senestech

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.