Insider Buying: Senestech (NASDAQ:SNES) Major Shareholder Acquires $52,850.00 in Stock

Senestech, Inc. (NASDAQ:SNESGet Free Report) major shareholder Glenbrook Capital Management bought 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average price of $1.51 per share, with a total value of $52,850.00. Following the transaction, the insider directly owned 1,022,824 shares of the company’s stock, valued at $1,544,464.24. This represents a 3.54% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 Monday, June 22nd, Glenbrook Capital Management purchased 5,000 shares of Senestech stock. The stock was acquired at an average cost of $1.66 per share, for a total transaction of $8,300.00.
  • On Wednesday, June 17th, Glenbrook Capital Management purchased 3,264 shares of Senestech stock. The stock was acquired at an average price of $1.61 per share, with a total value of $5,255.04.
  • On Monday, June 8th, Glenbrook Capital Management acquired 7,000 shares of Senestech stock. The shares were bought at an average cost of $1.61 per share, with a total value of $11,270.00.
  • On Friday, June 5th, Glenbrook Capital Management acquired 13,159 shares of Senestech stock. The shares were bought at an average price of $1.57 per share, for a total transaction of $20,659.63.
  • On Thursday, June 4th, Glenbrook Capital Management bought 8,230 shares of Senestech stock. The stock was bought at an average cost of $1.65 per share, for a total transaction of $13,579.50.
  • On Monday, May 18th, Glenbrook Capital Management bought 10,000 shares of Senestech stock. The shares were bought at an average price of $1.59 per share, with a total value of $15,900.00.
  • On Friday, May 15th, Glenbrook Capital Management bought 7,120 shares of Senestech stock. The shares were bought at an average cost of $1.65 per share, with a total value of $11,748.00.
  • On Thursday, May 14th, Glenbrook Capital Management bought 15,000 shares of Senestech stock. The shares were bought at an average cost of $1.72 per share, with a total value of $25,800.00.
  • On Tuesday, April 28th, Glenbrook Capital Management purchased 3,000 shares of Senestech stock. The stock was bought at an average price of $1.47 per share, for a total transaction of $4,410.00.

Senestech Price Performance

SNES opened at $1.49 on Friday. The company has a market capitalization of $7.90 million, a PE ratio of -0.79 and a beta of 0.28. The firm has a 50-day simple moving average of $1.63 and a two-hundred day simple moving average of $1.87. The company has a quick ratio of 7.79, a current ratio of 8.91 and a debt-to-equity ratio of 0.02. Senestech, Inc. has a 52 week low of $1.41 and a 52 week high of $6.24.

Senestech (NASDAQ:SNESGet Free Report) last issued 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 for the quarter, compared to analysts’ expectations of $0.63 million. Senestech had a negative return on equity of 67.60% and a negative net margin of 304.22%. Analysts forecast that Senestech, Inc. will post -1.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Senestech in a report on Wednesday, June 24th. One equities research 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. According to MarketBeat.com, Senestech currently has an average rating of “Hold”.

Check Out Our Latest Report on SNES

Institutional Trading of Senestech

Large investors have recently made changes to their positions in the business. Diversify Wealth Management LLC purchased a new stake in Senestech during the first quarter valued at approximately $31,000. Jane Street Group LLC bought a new position in shares of Senestech during the 4th quarter valued at approximately $32,000. Diversify Advisory Services LLC purchased a new stake in Senestech during the 4th quarter valued at $34,000. XTX Topco Ltd bought a new stake in Senestech in the fourth quarter worth $54,000. Finally, Geode Capital Management LLC bought a new stake in Senestech in the second quarter worth $59,000. 5.19% of the stock is currently owned by institutional investors.

Senestech Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Senestech (NASDAQ:SNES)

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