Insider Buying: Senestech (NASDAQ:SNES) Major Shareholder Acquires 36,375 Shares of Company Stock

Senestech, Inc. (NASDAQ:SNES) major shareholder Glenbrook Capital Management purchased 36,375 shares of Senestech stock in a transaction that occurred on Tuesday, October 20th. The stock was purchased at an average price of $0.67 per share, with a total value of $24,371.25. Following the completion of the purchase, the insider directly owned 2,099,473 shares in the company, valued at $1,406,646.91. This trade represents a 1.76% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more 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 Thursday, October 22nd, Glenbrook Capital Management acquired 7,500 shares of Senestech stock. The stock was purchased at an average cost of $0.80 per share, for a total transaction of $6,000.00.
• On Wednesday, October 21st, Glenbrook Capital Management acquired 60,000 shares of Senestech stock. The shares were purchased at an average price of $0.74 per share, for a total transaction of $44,400.00.
• On Monday, October 19th, Glenbrook Capital Management bought 376,552 shares of Senestech stock. The shares were purchased at an average cost of $0.70 per share, with a total value of $263,586.40.
• On Friday, October 16th, Glenbrook Capital Management bought 181,252 shares of Senestech stock. The shares were purchased at an average cost of $0.63 per share, with a total value of $114,188.76.
• On Thursday, October 15th, Glenbrook Capital Management bought 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 stock was 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 stock was acquired at an average price of $1.30 per share, for a total transaction of $19,500.00.

Senestech Stock Performance

NASDAQ:SNES traded up $0.05 during mid-day trading on Thursday, reaching $0.80. 396,796 shares of the company’s stock were exchanged, compared to its average volume of 377,329. Senestech, Inc. has a one year low of $0.55 and a one year high of $3.90. The firm has a market capitalization of $4.33 million, a PE ratio of -0.58 and a beta of 0.25. The business’s fifty day simple moving average is $0.90 and its two-hundred day simple moving average is $1.32. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.81 and a current ratio of 6.78.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Senestech from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Trading of Senestech

An institutional investor recently bought a new stake in Senestech stock. Diversify Wealth Management LLC purchased a new position in shares of Senestech, Inc. (NASDAQ:SNES) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 19,119 shares of the company’s stock, valued at approximately $31,000. Diversify Wealth Management LLC owned approximately 0.36% of Senestech at the end of the most recent quarter. 5.19% of the stock is currently owned by institutional investors and hedge funds.

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.