Insider Buying: Senestech (NASDAQ:SNES) Major Shareholder Acquires $10,096.13 in Stock

Senestech, Inc. (NASDAQ:SNES) major shareholder Glenbrook Capital Management acquired 5,399 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was purchased at an average price of $1.87 per share, with a total value of $10,096.13. Following the completion of the transaction, the insider owned 551,046 shares of the company’s stock, valued at approximately $1,030,456.02. This trade represents a 0.99% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more 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, February 2nd, Glenbrook Capital Management bought 42,739 shares of Senestech stock. The shares were acquired at an average price of $1.98 per share, for a total transaction of $84,623.22.

Senestech Trading Down 7.4%

Shares of NASDAQ SNES traded down $0.15 during mid-day trading on Tuesday, hitting $1.88. The company’s stock had a trading volume of 70,832 shares, compared to its average volume of 42,879. Senestech, Inc. has a one year low of $1.30 and a one year high of $6.24. The company’s fifty day simple moving average is $2.35 and its 200-day simple moving average is $3.61. The company has a debt-to-equity ratio of 0.01, a current ratio of 15.75 and a quick ratio of 14.73. The stock has a market cap of $9.81 million, a price-to-earnings ratio of -0.52 and a beta of 0.22.

Senestech (NASDAQ:SNES) last announced its quarterly earnings data on Monday, November 10th. The company reported ($0.28) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.07. Senestech had a negative net margin of 253.54% and a negative return on equity of 98.35%. The business had revenue of $0.69 million for the quarter, compared to analyst estimates of $0.73 million. On average, sell-side analysts anticipate that Senestech, Inc. will post -10.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Senestech in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Institutional Investors Weigh In On Senestech

A number of hedge funds have recently modified their holdings of the business. Sabby Management LLC bought a new position in shares of Senestech during the 3rd quarter valued at about $313,000. Corsair Capital Management L.P. bought a new stake in Senestech during the 2nd quarter worth approximately $255,000. Jane Street Group LLC acquired a new stake in Senestech during the 2nd quarter worth approximately $161,000. Millennium Management LLC bought a new position in Senestech in the third quarter valued at approximately $126,000. Finally, Essex Investment Management Co. LLC bought a new position in Senestech in the third quarter valued at approximately $115,000. Institutional investors and hedge funds own 5.19% of the company’s stock.

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.