Insider Buying: Senestech (NASDAQ:SNES) Major Shareholder Purchases $11,748.00 in Stock

Senestech, Inc. (NASDAQ:SNES) major shareholder Glenbrook Capital Management purchased 7,120 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were acquired at an average price of $1.65 per share, with a total value of $11,748.00. Following the purchase, the insider directly owned 915,755 shares in the company, valued at $1,510,995.75. This represents a 0.78% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Monday, May 18th, Glenbrook Capital Management bought 10,000 shares of Senestech stock. The stock was purchased at an average price of $1.59 per share, with a total value of $15,900.00.
• On Thursday, May 14th, Glenbrook Capital Management bought 15,000 shares of Senestech stock. The stock was purchased at an average price of $1.72 per share, with a total value of $25,800.00.
• On Tuesday, April 28th, Glenbrook Capital Management bought 3,000 shares of Senestech stock. The stock was purchased at an average price of $1.47 per share, with a total value of $4,410.00.
• On Tuesday, March 17th, Glenbrook Capital Management bought 19,725 shares of Senestech stock. The stock was purchased at an average price of $1.79 per share, with a total value 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 bought 146,249 shares of Senestech stock. The stock was purchased at an average price of $1.95 per share, with a total value of $285,185.55.
• On Thursday, February 19th, Glenbrook Capital Management bought 34,613 shares of Senestech stock. The stock was purchased at an average price of $2.40 per share, with a total value of $83,071.20.
• On Wednesday, February 18th, Glenbrook Capital Management bought 10,481 shares of Senestech stock. The stock was purchased at an average price of $2.29 per share, with a total value of $24,001.49.
• On Tuesday, February 17th, Glenbrook Capital Management bought 40,807 shares of Senestech stock. The stock was purchased at an average price of $2.29 per share, with a total value of $93,448.03.

Senestech Stock Performance

NASDAQ SNES opened at $1.79 on Thursday. Senestech, Inc. has a 1 year low of $1.41 and a 1 year high of $6.24. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.91 and a quick ratio of 7.79. The firm has a market cap of $9.49 million, a price-to-earnings ratio of -0.95 and a beta of 0.18. The company has a fifty day moving average price of $1.68 and a 200-day moving average price of $2.14.

Senestech (NASDAQ:SNES) last posted its 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 firm had revenue of $0.49 million during the quarter, compared to analyst estimates 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, equities research analysts predict that Senestech, Inc. will post -1.61 EPS for the current fiscal year.

Hedge Funds Weigh In On Senestech

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC bought a new position in Senestech during the second quarter worth about $59,000. Jane Street Group LLC bought a new position in Senestech during the fourth quarter worth about $32,000. Diversify Advisory Services LLC purchased a new stake in shares of Senestech in the fourth quarter worth about $34,000. Diversify Wealth Management LLC purchased a new stake in shares of Senestech in the first quarter worth about $31,000. Finally, XTX Topco Ltd purchased a new stake in shares of Senestech in the fourth quarter worth about $54,000. Institutional investors own 5.19% of the company’s stock.

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 research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus 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.