Glenbrook Capital Management Purchases 35,000 Shares of Senestech (NASDAQ:SNES) Stock

Senestech, Inc. (NASDAQ:SNES) major shareholder Glenbrook Capital Management bought 35,000 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were purchased at an average cost of $1.51 per share, with a total value of $52,850.00. Following the purchase, the insider directly owned 1,022,824 shares of the company’s stock, valued at $1,544,464.24. The trade was a 3.54% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own more than 10% 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 Monday, June 22nd, Glenbrook Capital Management purchased 5,000 shares of Senestech stock. The shares were acquired at an average price of $1.66 per share, for a total transaction of $8,300.00.
• On Wednesday, June 17th, Glenbrook Capital Management acquired 3,264 shares of Senestech stock. The shares were bought at an average cost of $1.61 per share, with a total value of $5,255.04.
• On Monday, June 8th, Glenbrook Capital Management bought 7,000 shares of Senestech stock. The shares were bought at an average cost of $1.61 per share, for a total transaction of $11,270.00.
• On Friday, June 5th, Glenbrook Capital Management purchased 13,159 shares of Senestech stock. The stock was bought at an average price of $1.57 per share, with a total value of $20,659.63.
• On Thursday, June 4th, Glenbrook Capital Management purchased 8,230 shares of Senestech stock. The stock was bought at an average cost of $1.65 per share, with a total value of $13,579.50.
• On Monday, May 18th, Glenbrook Capital Management acquired 10,000 shares of Senestech stock. The shares were bought at an average price of $1.59 per share, for a total transaction of $15,900.00.
• On Friday, May 15th, Glenbrook Capital Management purchased 7,120 shares of Senestech stock. The stock was purchased at an average price of $1.65 per share, for a total transaction 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 cost 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 acquired at an average price of $1.47 per share, for a total transaction of $4,410.00.

Senestech Stock Up 1.4%

SNES stock traded up $0.02 during mid-day trading on Thursday, reaching $1.49. 79,067 shares of the company traded hands, compared to its average volume of 44,381. The company has a quick ratio of 7.79, a current ratio of 8.91 and a debt-to-equity ratio of 0.02. The firm’s 50 day moving average price is $1.63 and its 200 day moving average price is $1.87. The stock has a market cap of $7.90 million, a price-to-earnings ratio of -0.79 and a beta of 0.28. Senestech, Inc. has a fifty-two week low of $1.41 and a fifty-two week high of $6.24.

Senestech (NASDAQ:SNES) last announced its quarterly earnings results on Tuesday, May 12th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.02. The business had revenue of $0.49 million during the quarter, compared to the consensus estimate 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 predict that Senestech, Inc. will post -1.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Senestech in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Hedge Funds Weigh In On Senestech

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC bought a new stake in shares of Senestech during the 2nd quarter valued at about $59,000. Jane Street Group LLC bought a new stake in Senestech in the 2nd quarter worth $161,000. Sabby Management LLC purchased a new position in shares of Senestech in the third quarter valued at about $313,000. Millennium Management LLC purchased a new position in shares of Senestech in the third quarter valued at about $126,000. Finally, Diversify Advisory Services LLC bought a new position in shares of Senestech during the fourth quarter valued at about $34,000. 5.19% of the stock is currently owned by hedge funds and other institutional investors.

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.