Senestech (NASDAQ:SNES) Major Shareholder Buys $44,400.00 in Stock

Senestech, Inc. (NASDAQ:SNES) major shareholder Glenbrook Capital Management purchased 60,000 shares of the stock in a transaction that occurred on Wednesday, October 21st. The stock was acquired at an average cost of $0.74 per share, with a total value of $44,400.00. Following the completion of the acquisition, the insider directly owned 2,159,473 shares of the company’s stock, valued at $1,598,010.02. This represents a 2.86% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 Thursday, October 22nd, Glenbrook Capital Management purchased 7,500 shares of Senestech stock. The shares were bought at an average price of $0.80 per share, for a total transaction of $6,000.00.
• On Tuesday, October 20th, Glenbrook Capital Management bought 36,375 shares of Senestech stock. The shares were purchased at an average price of $0.67 per share, for a total transaction of $24,371.25.
• On Monday, October 19th, Glenbrook Capital Management purchased 376,552 shares of Senestech stock. The shares were purchased at an average cost of $0.70 per share, for a total transaction of $263,586.40.
• On Friday, October 16th, Glenbrook Capital Management purchased 181,252 shares of Senestech stock. The stock was acquired at an average price of $0.63 per share, with a total value of $114,188.76.
• On Thursday, October 15th, Glenbrook Capital Management bought 426,000 shares of Senestech stock. The stock was acquired at an average cost of $0.77 per share, with a total value of $328,020.00.
• On Friday, August 7th, Glenbrook Capital Management acquired 6,490 shares of Senestech stock. The shares were bought at an average cost of $1.30 per share, with a total value of $8,437.00.
• On Thursday, August 6th, Glenbrook Capital Management bought 15,000 shares of Senestech stock. The stock was bought at an average cost of $1.30 per share, for a total transaction of $19,500.00.

Senestech Price Performance

Senestech stock opened at $0.84 on Friday. Senestech, Inc. has a 12 month low of $0.55 and a 12 month high of $3.85. The company has a debt-to-equity ratio of 0.02, a current ratio of 6.78 and a quick ratio of 5.81. The business has a 50 day simple moving average of $0.88 and a 200-day simple moving average of $1.31. The stock has a market capitalization of $4.55 million, a PE ratio of -0.61 and a beta of 0.25.

Senestech (NASDAQ:SNES) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.35) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.02. The firm had revenue of $0.77 million for the quarter, compared to analyst estimates of $0.60 million. Senestech had a negative net margin of 294.73% and a negative return on equity of 71.89%. Equities analysts predict that Senestech, Inc. will post -1.28 earnings per share for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Senestech from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Hedge Funds Weigh In On Senestech

An institutional investor recently bought a new position in Senestech stock. Diversify Wealth Management LLC acquired a new position in shares of Senestech, Inc. (NASDAQ:SNES) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 19,119 shares of the company’s stock, valued at approximately $31,000. Diversify Wealth Management LLC owned about 0.36% of Senestech as of its most recent SEC filing. Institutional investors own 5.19% of the company’s stock.

About Senestech

SenesTech, Inc is a life sciences company focused on developing fertility-control technologies for managing pest populations. The company’s approach is designed to reduce the reproduction of rodents rather than relying solely on traditional lethal control methods.

SenesTech’s primary product is ContraPest, a liquid bait formulated to target the fertility of both male and female rats. The product is intended for use in settings such as commercial facilities, urban areas, agricultural operations and other locations where rodent populations can create health, safety or economic risks.