Key Points
- Glenbrook Capital Management increased its Senestech stake by purchasing 36,375 shares at an average price of $0.67, bringing its holdings to 2,099,473 shares. The transaction followed several other purchases in October.
- Senestech shares opened at $0.80 and were reported up 6.5%, but remain well below their 52-week high of $3.90. The company has low leverage and strong liquidity, though it continues to report substantial losses and negative profitability metrics.
- Analyst sentiment remains negative: Weiss Ratings downgraded the stock to “sell (e+),” while the consensus rating is “Sell.” Senestech slightly exceeded its latest quarterly EPS and revenue estimates, reporting a $0.35 per-share loss and $0.77 million in revenue.
Senestech, Inc. (NASDAQ:SNES - Get Free Report) major shareholder Glenbrook Capital Management acquired 36,375 shares of the stock in a transaction that occurred on Tuesday, October 20th. The shares were acquired at an average cost of $0.67 per share, with a total value of $24,371.25. Following the transaction, the insider owned 2,099,473 shares in the company, valued at approximately $1,406,646.91. The trade was a 1.76% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available 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 Thursday, October 22nd, Glenbrook Capital Management acquired 7,500 shares of Senestech stock. The shares were acquired at an average price of $0.80 per share, for a total transaction of $6,000.00.
- On Wednesday, October 21st, Glenbrook Capital Management bought 60,000 shares of Senestech stock. The stock was acquired at an average cost of $0.74 per share, for a total transaction of $44,400.00.
- On Monday, October 19th, Glenbrook Capital Management bought 376,552 shares of Senestech stock. The stock was acquired at an average cost of $0.70 per share, for a total transaction of $263,586.40.
- On Friday, October 16th, Glenbrook Capital Management bought 181,252 shares of Senestech stock. The stock was bought at an average price of $0.63 per share, with a total value of $114,188.76.
- On Thursday, October 15th, Glenbrook Capital Management bought 426,000 shares of Senestech stock. The stock was bought at an average price of $0.77 per share, with a total value of $328,020.00.
- On Friday, August 7th, Glenbrook Capital Management bought 6,490 shares of Senestech stock. The stock was bought at an average price of $1.30 per share, with a total value of $8,437.00.
- On Thursday, August 6th, Glenbrook Capital Management bought 15,000 shares of Senestech stock. The shares were bought at an average cost of $1.30 per share, with a total value of $19,500.00.
Senestech Stock Up 6.5%
NASDAQ:SNES opened at $0.80 on Friday. The company has a quick ratio of 5.81, a current ratio of 6.78 and a debt-to-equity ratio of 0.02. The stock has a 50 day moving average of $0.89 and a 200-day moving average of $1.32. Senestech, Inc. has a 52 week low of $0.55 and a 52 week high of $3.90.
Senestech (NASDAQ:SNES - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.37) by $0.02. The business had revenue of $0.77 million for the quarter, compared to the consensus estimate of $0.60 million. Senestech had a negative return on equity of 71.89% and a negative net margin of 294.73%. Sell-side analysts expect that Senestech, Inc. will post -1.28 EPS for the current year.
Analysts Set New Price Targets
Separately, Weiss Ratings lowered Senestech from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Sell".
View Our Latest Analysis on SNES
Institutional Investors Weigh In On Senestech
A hedge fund recently bought a new position in Senestech stock. Diversify Wealth Management LLC purchased a new stake in shares of Senestech, Inc. (NASDAQ:SNES - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 19,119 shares of the company's stock, valued at approximately $31,000. Diversify Wealth Management LLC owned about 0.36% of Senestech at the end of the most recent quarter. 5.19% of the stock is currently owned by institutional investors and hedge funds.
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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