Senestech (NASDAQ:SNES) Major Shareholder Glenbrook Capital Management Acquires 35,000 Shares

Senestech, Inc. (NASDAQ:SNES) major shareholder Glenbrook Capital Management bought 35,000 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were bought at an average price of $1.51 per share, with a total value of $52,850.00. Following the completion of the transaction, the insider owned 1,022,824 shares in the company, valued at approximately $1,544,464.24. This trade represents a 3.54% increase in their position. The acquisition 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 shares are required to disclose their transactions 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 stock was bought at an average cost of $1.66 per share, with a total value of $8,300.00.
• On Wednesday, June 17th, Glenbrook Capital Management bought 3,264 shares of Senestech stock. The stock was 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 acquired 7,000 shares of Senestech stock. The stock was purchased at an average cost of $1.61 per share, for a total transaction of $11,270.00.
• On Friday, June 5th, Glenbrook Capital Management bought 13,159 shares of Senestech stock. The stock was acquired at an average cost of $1.57 per share, for a total transaction of $20,659.63.
• On Thursday, June 4th, Glenbrook Capital Management purchased 8,230 shares of Senestech stock. The stock was acquired at an average price of $1.65 per share, for a total transaction of $13,579.50.
• On Monday, May 18th, Glenbrook Capital Management purchased 10,000 shares of Senestech stock. The shares were acquired at an average cost of $1.59 per share, with a total value of $15,900.00.
• On Friday, May 15th, Glenbrook Capital Management purchased 7,120 shares of Senestech stock. The shares were acquired at an average cost of $1.65 per share, with a total value of $11,748.00.
• On Thursday, May 14th, Glenbrook Capital Management acquired 15,000 shares of Senestech stock. The shares were acquired at an average price 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 stock was acquired at an average cost of $1.47 per share, for a total transaction of $4,410.00.

Senestech Stock Performance

NASDAQ:SNES opened at $1.49 on Friday. Senestech, Inc. has a twelve month low of $1.41 and a twelve month high of $6.24. 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 stock’s 50-day simple moving average is $1.63 and its 200 day simple moving average is $1.87. The firm has a market capitalization of $7.90 million, a PE ratio of -0.79 and a beta of 0.28.

Senestech (NASDAQ:SNES) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.31) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.02. The company 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%. On average, analysts anticipate that Senestech, Inc. will post -1.57 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Senestech in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Senestech has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC acquired a new stake in Senestech during the 2nd quarter worth approximately $59,000. Renaissance Technologies LLC grew its holdings in Senestech by 35.2% during the 4th quarter. Renaissance Technologies LLC now owns 142,800 shares of the company’s stock worth $306,000 after acquiring an additional 37,165 shares during the last quarter. DRW Securities LLC increased its position 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 acquiring an additional 51,818 shares during the period. Jane Street Group LLC bought a new position in shares of Senestech during the second quarter valued at $161,000. Finally, Millennium Management LLC bought a new position in shares of Senestech during the third quarter valued at $126,000. Institutional investors and hedge funds own 5.19% of the company’s stock.

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.