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

Senestech, Inc. (NASDAQ:SNES) major shareholder Glenbrook Capital Management acquired 35,000 shares of Senestech stock in a transaction on Monday, July 20th. The shares were purchased at an average price of $1.47 per share, for a total transaction of $51,450.00. Following the completion of the acquisition, the insider directly owned 1,057,824 shares in the company, valued at $1,555,001.28. This trade represents a 3.42% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, June 30th, Glenbrook Capital Management bought 35,000 shares of Senestech stock. The shares were purchased at an average cost of $1.51 per share, with a total value of $52,850.00.
• On Monday, June 22nd, Glenbrook Capital Management bought 5,000 shares of Senestech stock. The stock was purchased at an average price of $1.66 per share, with a total value of $8,300.00.
• On Wednesday, June 17th, Glenbrook Capital Management purchased 3,264 shares of Senestech stock. The shares were purchased at an average cost of $1.61 per share, for a total transaction of $5,255.04.
• On Monday, June 8th, Glenbrook Capital Management purchased 7,000 shares of Senestech stock. The shares were purchased at an average price of $1.61 per share, for a total transaction of $11,270.00.
• On Friday, June 5th, Glenbrook Capital Management acquired 13,159 shares of Senestech stock. The stock was purchased at an average price of $1.57 per share, with a total value of $20,659.63.
• On Thursday, June 4th, Glenbrook Capital Management acquired 8,230 shares of Senestech stock. The stock was acquired at an average cost of $1.65 per share, with a total value of $13,579.50.
• On Monday, May 18th, Glenbrook Capital Management bought 10,000 shares of Senestech stock. The shares were acquired at an average price of $1.59 per share, for a total transaction of $15,900.00.
• On Friday, May 15th, Glenbrook Capital Management bought 7,120 shares of Senestech stock. The shares were acquired at an average cost of $1.65 per share, for a total transaction of $11,748.00.
• On Thursday, May 14th, Glenbrook Capital Management bought 15,000 shares of Senestech stock. The shares were acquired at an average cost of $1.72 per share, for a total transaction of $25,800.00.

Senestech Stock Down 0.8%

Shares of NASDAQ:SNES traded down $0.01 during trading hours on Tuesday, hitting $1.32. The company’s stock had a trading volume of 5,447 shares, compared to its average volume of 61,428. The firm’s fifty day moving average price is $1.57 and its 200 day moving average price is $1.76. Senestech, Inc. has a 52 week low of $1.31 and a 52 week high of $6.24. The company has a market capitalization of $7.00 million, a price-to-earnings ratio of -0.70 and a beta of 0.28. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.91 and a quick ratio of 7.79.

Senestech (NASDAQ:SNES) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.02. The firm had revenue of $0.49 million for the quarter, compared to the consensus estimate 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 expect that Senestech, Inc. will post -1.57 EPS for the current year.

Institutional Investors Weigh In On Senestech

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC purchased a new stake in shares of Senestech in the second quarter worth about $59,000. Jane Street Group LLC acquired a new position in Senestech in the second quarter valued at approximately $161,000. Millennium Management LLC acquired a new position in Senestech in the third quarter valued at approximately $126,000. Diversify Advisory Services LLC purchased a new stake in Senestech in the 4th quarter worth approximately $34,000. Finally, Renaissance Technologies LLC boosted its position in 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 purchasing an additional 37,165 shares in the last quarter. 5.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Senestech from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Senestech 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.