Senestech (NASDAQ:SNES) Major Shareholder Purchases 35,000 Shares

Key Points

  • Glenbrook Capital Management purchased 35,000 Senestech shares at an average price of $1.47, investing $51,450 and increasing its holdings by 3.42% to 1,057,824 shares. The major shareholder has made several additional purchases since May.
  • Senestech shares opened at $1.34, near their 12-month low of $1.31, with a market capitalization of approximately $7.1 million. The company remains unprofitable, reporting a quarterly loss of $0.31 per share and negative net margins.
  • Analyst sentiment is mixed, with one Strong Buy, one Hold and one Sell rating, producing a consensus rating of Hold. Hedge funds and other institutions own approximately 5.19% of the company.

Senestech, Inc. (NASDAQ:SNES - Get Free Report) major shareholder Glenbrook Capital Management purchased 35,000 shares of the firm's stock in a transaction that occurred on Monday, July 20th. The shares were bought at an average cost of $1.47 per share, with a total value of $51,450.00. Following the completion of the acquisition, the insider owned 1,057,824 shares of the company's stock, valued at approximately $1,555,001.28. This trade represents a 3.42% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more 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 Tuesday, June 30th, Glenbrook Capital Management acquired 35,000 shares of Senestech stock. The stock was purchased at an average cost of $1.51 per share, for a total transaction of $52,850.00.
  • On Monday, June 22nd, Glenbrook Capital Management acquired 5,000 shares of Senestech stock. The shares were purchased at an average price of $1.66 per share, with a total value of $8,300.00.
  • On Wednesday, June 17th, Glenbrook Capital Management acquired 3,264 shares of Senestech stock. The shares were purchased at an average price of $1.61 per share, with a total value of $5,255.04.
  • On Monday, June 8th, Glenbrook Capital Management bought 7,000 shares of Senestech stock. The stock was purchased at an average price of $1.61 per share, with a total value of $11,270.00.
  • On Friday, June 5th, Glenbrook Capital Management bought 13,159 shares of Senestech stock. The stock was purchased 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 shares were purchased 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 purchased 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 purchased 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 stock was purchased at an average price of $1.72 per share, with a total value of $25,800.00.

Senestech Price Performance




Shares of SNES opened at $1.34 on Wednesday. Senestech, Inc. has a twelve month low of $1.31 and a twelve month high of $6.24. The stock's 50 day moving average is $1.56 and its two-hundred day moving average is $1.76. The firm has a market capitalization of $7.10 million, a PE ratio of -0.71 and a beta of 0.28. The company has a current ratio of 8.91, a quick ratio of 7.79 and a debt-to-equity ratio of 0.02.

Senestech (NASDAQ:SNES - Get Free Report) last issued its earnings results on Tuesday, May 12th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.33) by $0.02. The business had revenue of $0.49 million during the quarter, compared to the consensus estimate of $0.63 million. Senestech had a negative return on equity of 67.60% and a negative net margin of 304.22%. Research analysts anticipate that Senestech, Inc. will post -1.57 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Diversify Wealth Management LLC acquired a new stake in shares of Senestech during the 1st quarter valued at approximately $31,000. Jane Street Group LLC purchased a new stake in shares of Senestech during the 4th quarter worth approximately $32,000. Diversify Advisory Services LLC acquired a new stake in shares of Senestech in the 4th quarter worth approximately $34,000. XTX Topco Ltd acquired a new stake in shares of Senestech in the 4th quarter worth approximately $54,000. Finally, Geode Capital Management LLC purchased a new position in Senestech in the 2nd quarter valued at approximately $59,000. 5.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Senestech from a "sell (e+)" rating to a "sell (d-)" rating in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Senestech has a consensus rating of "Hold".

Get Our Latest 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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