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

Senestech, Inc. (NASDAQ:SNES) major shareholder Glenbrook Capital Management purchased 10,000 shares of the business’s stock in a transaction on Monday, May 18th. The stock was acquired at an average price of $1.59 per share, with a total value of $15,900.00. Following the completion of the acquisition, 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 position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Major 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 Friday, May 15th, Glenbrook Capital Management purchased 7,120 shares of Senestech stock. The stock was acquired at an average price of $1.65 per share, with a total value of $11,748.00.
• On Thursday, May 14th, Glenbrook Capital Management purchased 15,000 shares of Senestech stock. The stock was acquired at an average price of $1.72 per share, with a total value 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 cost of $1.47 per share, with a total value 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 cost of $1.79 per share, with a total value 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 cost of $1.86 per share, with a total value 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 cost of $1.95 per share, with a total value 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 cost of $2.40 per share, with a total value 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 cost of $2.29 per share, with a total value 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 cost of $2.29 per share, with a total value of $93,448.03.

Senestech Trading Down 1.9%

Shares of NASDAQ SNES traded down $0.03 during trading on Monday, hitting $1.59. 80,237 shares of the company traded hands, compared to its average volume of 133,371. Senestech, Inc. has a 1 year low of $1.41 and a 1 year high of $6.24. The company has a 50-day moving average price of $1.70 and a 200-day moving average price of $2.16. The firm has a market capitalization of $8.43 million, a P/E ratio of -0.84 and a beta of 0.18. The company has a quick ratio of 7.79, a current ratio of 8.91 and a debt-to-equity ratio of 0.02.

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

Institutional Trading of Senestech

Several large investors have recently added to or reduced their stakes in the stock. Sabby Management LLC increased its holdings in Senestech by 195.4% in the 4th 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 holdings in Senestech by 35.2% in the 4th 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 holdings 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 purchasing an additional 51,818 shares in the last quarter. Jane Street Group LLC acquired a new stake in Senestech in the 2nd quarter valued at $161,000. Finally, Millennium Management LLC acquired a new stake in Senestech in the 3rd quarter valued at $126,000. 5.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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 given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average 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.