Glenbrook Capital Management Acquires 7,120 Shares of Senestech (NASDAQ:SNES) Stock

Key Points

  • Glenbrook Capital Management bought 7,120 Senestech shares at $1.65 each on May 15, and later added more shares in separate trades, bringing its direct stake to 915,755 shares.
  • The insider has been steadily accumulating SNES stock over recent months, with multiple purchases ranging from 3,000 shares to 146,249 shares, suggesting continued confidence in the company.
  • Senestech’s stock was trading near $1.59, close to its 52-week low, while the company remains unprofitable; its latest quarter still beat EPS estimates but missed revenue expectations.

Senestech, Inc. (NASDAQ:SNES - Get Free Report) major shareholder Glenbrook Capital Management bought 7,120 shares of the stock in a transaction on Friday, May 15th. The shares were acquired at an average cost of $1.65 per share, for a total transaction of $11,748.00. Following the acquisition, the insider directly owned 915,755 shares in the company, valued at approximately $1,510,995.75. This trade represents a 0.78% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Monday, May 18th, Glenbrook Capital Management purchased 10,000 shares of Senestech stock. The shares were 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 purchased 15,000 shares of Senestech stock. The shares were 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 purchased 3,000 shares of Senestech stock. The shares were 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 purchased 19,725 shares of Senestech stock. The shares were 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 purchased 5,060 shares of Senestech stock. The shares were 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 purchased 146,249 shares of Senestech stock. The shares were 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 purchased 34,613 shares of Senestech stock. The shares were 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 purchased 10,481 shares of Senestech stock. The shares were 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 purchased 40,807 shares of Senestech stock. The shares were purchased at an average price of $2.29 per share, with a total value of $93,448.03.

Senestech Stock Down 1.9%




SNES opened at $1.59 on Tuesday. The company has a fifty day moving average price of $1.70 and a 200-day moving average price of $2.16. The firm has a market capitalization of $8.43 million, a P/E ratio of -0.84 and a beta of 0.18. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.91 and a quick ratio of 7.79. Senestech, Inc. has a one year low of $1.41 and a one year high of $6.24.

Senestech (NASDAQ:SNES - Get Free Report) last released its quarterly earnings results on Tuesday, May 12th. The company reported ($0.31) EPS for the quarter, beating analysts' consensus estimates 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%. Equities research analysts expect that Senestech, Inc. will post -1.36 earnings per share for the current fiscal year.

Institutional Trading of Senestech

Institutional investors have recently added to or reduced their stakes in the business. Diversify Wealth Management LLC purchased a new stake in Senestech during the first quarter valued at about $31,000. Jane Street Group LLC purchased a new stake in Senestech during the fourth quarter valued at about $32,000. Diversify Advisory Services LLC purchased a new stake in Senestech during the fourth quarter valued at about $34,000. XTX Topco Ltd purchased a new stake in Senestech during the fourth quarter valued at about $54,000. Finally, Geode Capital Management LLC purchased a new stake in Senestech during the second quarter valued at about $59,000. 5.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a "sell (e+)" rating on shares of Senestech in a research report on Friday, March 27th. One investment 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 company. According to data from MarketBeat, the stock presently has an average rating of "Hold".

Read Our Latest Stock Report on Senestech

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.

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