Insider Buying: Senestech (NASDAQ:SNES) Major Shareholder Acquires $15,900.00 in Stock

Senestech, Inc. (NASDAQ:SNES) major shareholder Glenbrook Capital Management acquired 10,000 shares of Senestech stock in a transaction on Monday, May 18th. The shares were bought at an average price of $1.59 per share, for a total transaction of $15,900.00. Following the completion of the purchase, the insider directly owned 925,755 shares in the company, valued at $1,471,950.45. The trade was a 1.09% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 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 Friday, May 15th, Glenbrook Capital Management acquired 7,120 shares of Senestech stock. The shares were bought 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 shares were bought at an average price 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 shares were bought at an average price of $1.47 per share, for a total transaction of $4,410.00.
• On Tuesday, March 17th, Glenbrook Capital Management acquired 19,725 shares of Senestech stock. The shares were bought at an average price of $1.79 per share, for a total transaction of $35,307.75.
• On Monday, March 16th, Glenbrook Capital Management acquired 5,060 shares of Senestech stock. The shares were bought at an average price of $1.86 per share, for a total transaction of $9,411.60.
• On Friday, March 13th, Glenbrook Capital Management acquired 146,249 shares of Senestech stock. The shares were bought at an average price of $1.95 per share, for a total transaction of $285,185.55.
• On Thursday, February 19th, Glenbrook Capital Management acquired 34,613 shares of Senestech stock. The shares were bought at an average price of $2.40 per share, for a total transaction of $83,071.20.
• On Wednesday, February 18th, Glenbrook Capital Management acquired 10,481 shares of Senestech stock. The shares were bought at an average price of $2.29 per share, for a total transaction of $24,001.49.
• On Tuesday, February 17th, Glenbrook Capital Management acquired 40,807 shares of Senestech stock. The shares were bought at an average price of $2.29 per share, for a total transaction of $93,448.03.

Senestech Trading Up 17.0%

NASDAQ SNES opened at $1.79 on Thursday. Senestech, Inc. has a 12 month low of $1.41 and a 12 month high of $6.24. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.91 and a quick ratio of 7.79. The company has a market capitalization of $9.49 million, a price-to-earnings ratio of -0.95 and a beta of 0.18. The company’s fifty day moving average price is $1.68 and its two-hundred day moving average price is $2.14.

Senestech (NASDAQ:SNES) last issued its earnings results on Tuesday, May 12th. The company reported ($0.31) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.02. The company had revenue of $0.49 million for the quarter, compared to analysts’ expectations of $0.63 million. Senestech had a negative net margin of 304.22% and a negative return on equity of 67.60%. As a group, research analysts predict that Senestech, Inc. will post -1.61 earnings per share for the current fiscal year.

Institutional Trading of Senestech

A number of institutional investors and hedge funds have recently modified their holdings of SNES. Sabby Management LLC raised 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 purchasing an additional 139,281 shares during the period. DRW Securities LLC increased its holdings in shares of Senestech by 171.1% in the 4th quarter. DRW Securities LLC now owns 82,107 shares of the company’s stock worth $176,000 after acquiring an additional 51,818 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Senestech by 35.2% in the 4th quarter. Renaissance Technologies LLC now owns 142,800 shares of the company’s stock worth $306,000 after acquiring an additional 37,165 shares during the period. Jane Street Group LLC acquired a new stake in shares of Senestech in the 2nd quarter worth about $161,000. Finally, Millennium Management LLC acquired a new stake in shares of Senestech in the 3rd quarter worth about $126,000. 5.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Senestech in a report on Friday, March 27th. 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. According to data from MarketBeat, Senestech 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.