Senestech (NASDAQ:SNES) Major Shareholder Acquires $24,001.49 in Stock

Senestech, Inc. (NASDAQ:SNES) major shareholder Glenbrook Capital Management bought 10,481 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was bought at an average cost of $2.29 per share, for a total transaction of $24,001.49. Following the acquisition, the insider owned 669,598 shares of the company’s stock, valued at approximately $1,533,379.42. This trade represents a 1.59% increase in their position. The transaction was disclosed in a legal filing 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 sales and purchases with the SEC.

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

• On Thursday, February 19th, Glenbrook Capital Management purchased 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 Tuesday, February 17th, Glenbrook Capital Management acquired 40,807 shares of Senestech stock. The stock was purchased at an average cost of $2.29 per share, for a total transaction of $93,448.03.
• On Friday, February 13th, Glenbrook Capital Management acquired 15,390 shares of Senestech stock. The shares were purchased at an average price of $1.89 per share, with a total value of $29,087.10.
• On Thursday, February 12th, Glenbrook Capital Management bought 7,956 shares of Senestech stock. The stock was purchased at an average price of $1.72 per share, with a total value of $13,684.32.
• On Wednesday, February 11th, Glenbrook Capital Management purchased 8,000 shares of Senestech stock. The shares were purchased at an average price of $1.73 per share, for a total transaction of $13,840.00.
• On Thursday, February 5th, Glenbrook Capital Management purchased 2,884 shares of Senestech stock. The shares were purchased at an average cost of $1.77 per share, with a total value of $5,104.68.
• On Wednesday, February 4th, Glenbrook Capital Management acquired 5,685 shares of Senestech stock. The stock was acquired at an average cost of $1.82 per share, for a total transaction of $10,346.70.
• On Monday, February 2nd, Glenbrook Capital Management bought 42,739 shares of Senestech stock. The shares were acquired at an average price of $1.98 per share, for a total transaction of $84,623.22.
• On Friday, January 30th, Glenbrook Capital Management bought 5,399 shares of Senestech stock. The shares were acquired at an average cost of $1.87 per share, with a total value of $10,096.13.

Senestech Stock Down 1.7%

Senestech stock opened at $2.36 on Friday. The stock’s 50 day moving average price is $2.12 and its 200 day moving average price is $3.30. Senestech, Inc. has a 1-year low of $1.30 and a 1-year high of $6.24. The company has a market cap of $12.32 million, a PE ratio of -0.65 and a beta of 0.21. The company has a debt-to-equity ratio of 0.01, a current ratio of 15.75 and a quick ratio of 14.73.

Institutional Investors Weigh In On Senestech

A number of large investors have recently bought and sold shares of the stock. Corsair Capital Management L.P. acquired a new position in shares of Senestech in the second quarter worth $255,000. Geode Capital Management LLC purchased a new stake in Senestech during the 2nd quarter worth about $59,000. Millennium Management LLC acquired a new position in Senestech in the 3rd quarter valued at about $126,000. Jane Street Group LLC acquired a new position in Senestech in the 2nd quarter valued at about $161,000. Finally, DRW Securities LLC lifted 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. Institutional investors and hedge funds own 5.19% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Senestech in a research report on Monday, December 29th. One 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. 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.