Insider Buying: Senestech (NASDAQ:SNES) Major Shareholder Purchases 60,000 Shares of Company Stock

Senestech, Inc. (NASDAQ:SNES – Get Free Report) major shareholder Glenbrook Capital Management bought 60,000 shares of the stock in a transaction on Wednesday, October 21st. The shares were acquired at an average price of $0.74 per share, with a total value of $44,400.00. Following the purchase, the insider owned 2,159,473 shares of the company’s stock, valued at $1,598,010.02. The trade was a 2.86% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% 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, October 22nd, Glenbrook Capital Management bought 7,500 shares of Senestech stock. The shares were acquired at an average cost of $0.80 per share, for a total transaction of $6,000.00.
  • On Tuesday, October 20th, Glenbrook Capital Management purchased 36,375 shares of Senestech stock. The stock was acquired at an average cost of $0.67 per share, with a total value of $24,371.25.
  • On Monday, October 19th, Glenbrook Capital Management acquired 376,552 shares of Senestech stock. The shares were acquired at an average cost of $0.70 per share, with a total value of $263,586.40.
  • On Friday, October 16th, Glenbrook Capital Management acquired 181,252 shares of Senestech stock. The shares were acquired at an average cost of $0.63 per share, with a total value of $114,188.76.
  • On Thursday, October 15th, Glenbrook Capital Management acquired 426,000 shares of Senestech stock. The shares were acquired at an average price of $0.77 per share, for a total transaction of $328,020.00.
  • On Friday, August 7th, Glenbrook Capital Management acquired 6,490 shares of Senestech stock. The shares were acquired at an average price of $1.30 per share, for a total transaction of $8,437.00.
  • On Thursday, August 6th, Glenbrook Capital Management bought 15,000 shares of Senestech stock. The stock was acquired at an average cost of $1.30 per share, for a total transaction of $19,500.00.

Senestech Stock Performance

NASDAQ SNES traded up $0.05 during trading hours on Thursday, reaching $0.80. The company’s stock had a trading volume of 396,796 shares, compared to its average volume of 377,329. The company has a current ratio of 6.78, a quick ratio of 5.81 and a debt-to-equity ratio of 0.02. The business has a 50-day simple moving average of $0.90 and a 200 day simple moving average of $1.32. Senestech, Inc. has a 52 week low of $0.55 and a 52 week high of $3.90. The stock has a market cap of $4.33 million, a PE ratio of -0.58 and a beta of 0.25.

Senestech (NASDAQ:SNES – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.35) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.02. The business had revenue of $0.77 million for the quarter, compared to analysts’ expectations of $0.60 million. Senestech had a negative return on equity of 71.89% and a negative net margin of 294.73%. Equities research analysts predict that Senestech, Inc. will post -1.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Senestech from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

View Our Latest Research Report on SNES

Institutional Investors Weigh In On Senestech

An institutional investor recently bought a new position in Senestech stock. Diversify Wealth Management LLC bought a new stake in shares of Senestech, Inc. (NASDAQ:SNES – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 19,119 shares of the company’s stock, valued at approximately $31,000. Diversify Wealth Management LLC owned 0.36% of Senestech at the end of the most recent quarter. Institutional investors and hedge funds own 5.19% of the company’s stock.

About Senestech

(Get Free Report)

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.

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