Insider Buying: Senestech (NASDAQ:SNES) Major Shareholder Acquires 13,159 Shares of Stock

Senestech, Inc. (NASDAQ:SNES) major shareholder Glenbrook Capital Management purchased 13,159 shares of the stock in a transaction dated Friday, June 5th. The shares were acquired at an average cost of $1.57 per share, for a total transaction of $20,659.63. Following the completion of the acquisition, the insider directly owned 947,144 shares of the company’s stock, valued at approximately $1,487,016.08. This trade represents a 1.41% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Glenbrook Capital Management also recently made the following trade(s):

• On Monday, June 8th, Glenbrook Capital Management purchased 7,000 shares of Senestech stock. The shares were acquired at an average cost of $1.61 per share, for a total transaction of $11,270.00.
• On Thursday, June 4th, Glenbrook Capital Management purchased 8,230 shares of Senestech stock. The shares were acquired at an average cost of $1.65 per share, for a total transaction of $13,579.50.
• On Monday, May 18th, Glenbrook Capital Management purchased 10,000 shares of Senestech stock. The shares were acquired at an average cost of $1.59 per share, for a total transaction of $15,900.00.
• On Friday, May 15th, Glenbrook Capital Management acquired 7,120 shares of Senestech stock. The stock was bought at an average price of $1.65 per share, with a total value 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 bought 19,725 shares of Senestech stock. The shares were purchased at an average cost of $1.79 per share, for a total transaction of $35,307.75.
• On Monday, March 16th, Glenbrook Capital Management bought 5,060 shares of Senestech stock. The stock was purchased at an average price of $1.86 per share, with a total value of $9,411.60.
• On Friday, March 13th, Glenbrook Capital Management purchased 146,249 shares of Senestech stock. The shares were purchased at an average cost of $1.95 per share, with a total value of $285,185.55.

Senestech Price Performance

Shares of SNES stock traded up $0.08 during mid-day trading on Monday, hitting $1.61. 31,515 shares of the stock traded hands, compared to its average volume of 64,218. Senestech, Inc. has a twelve month low of $1.41 and a twelve month high of $6.24. The company has a debt-to-equity ratio of 0.02, a quick ratio of 7.79 and a current ratio of 8.91. The company’s 50-day simple moving average is $1.64 and its 200-day simple moving average is $2.02. The firm has a market cap of $8.54 million, a price-to-earnings ratio of -0.85 and a beta of 0.28.

Senestech (NASDAQ:SNES) last announced its earnings results on Tuesday, May 12th. The company reported ($0.31) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.02. The business had revenue of $0.49 million during the quarter, compared to analysts’ expectations of $0.63 million. Senestech had a negative return on equity of 67.60% and a negative net margin of 304.22%. As a group, equities research analysts expect that Senestech, Inc. will post -1.57 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Senestech in a research report on Friday, March 27th. One investment 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 stock. According to MarketBeat, the company has a consensus rating of “Hold”.

Institutional Trading of Senestech

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. XTX Topco Ltd acquired a new stake in Senestech during the fourth quarter valued at approximately $54,000. DRW Securities LLC boosted its position in shares of 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 during the period. Renaissance Technologies LLC boosted its position in shares of 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 during the period. Millennium Management LLC acquired a new position in shares of Senestech in the 3rd quarter valued at $126,000. Finally, Jane Street Group LLC acquired a new position in shares of Senestech in the 2nd quarter valued at $161,000. 5.19% of the stock is owned by institutional investors and hedge funds.

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.