Shares of Senestech, Inc. (NASDAQ:SNES) shot up 27.9% on Thursday following a better than expected earnings announcement. The company traded as high as $3.87 and last traded at $2.02. 284,625 shares were traded during trading, a decline of 70% from the average session volume of 947,535 shares. The stock had previously closed at $2.80.
The company reported ($0.28) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.31) by $0.03. Senestech had a negative return on equity of 196.37% and a negative net margin of 7,279.02%. The company had revenue of $0.02 million for the quarter, compared to analysts’ expectations of $0.25 million.
Separately, Zacks Investment Research cut Senestech from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th.
In other Senestech news, Director Julia Ann Williams purchased 9,100 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was acquired at an average price of $2.80 per share, for a total transaction of $25,480.00. Following the purchase, the director now owns 12,050 shares of the company’s stock, valued at approximately $33,740. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Andrew Altman purchased 20,000 shares of the business’s stock in a transaction on Friday, August 18th. The stock was acquired at an average price of $2.77 per share, with a total value of $55,400.00. Following the purchase, the chief operating officer now directly owns 2,600 shares in the company, valued at approximately $7,202. The disclosure for this purchase can be found here. Insiders sold a total of 36,000 shares of company stock valued at $76,080 in the last quarter. 27.40% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of SNES. White Pine Capital LLC purchased a new stake in Senestech in the 2nd quarter worth $110,000. Skylands Capital LLC increased its stake in Senestech by 139.8% in the 3rd quarter. Skylands Capital LLC now owns 87,483 shares of the company’s stock worth $162,000 after buying an additional 51,000 shares in the last quarter. TCI Wealth Advisors Inc. purchased a new stake in Senestech in the 3rd quarter worth $748,000. Gilder Gagnon Howe & Co. LLC increased its stake in Senestech by 3.0% in the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 1,078,499 shares of the company’s stock worth $1,995,000 after buying an additional 31,330 shares in the last quarter. Finally, Prudential PLC increased its stake in Senestech by 49.3% in the 2nd quarter. Prudential PLC now owns 447,971 shares of the company’s stock worth $2,661,000 after buying an additional 147,971 shares in the last quarter. Institutional investors and hedge funds own 19.85% of the company’s stock.
The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.73 and a current ratio of 3.92.
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SenesTech, Inc is a United States-based biotechnology platform and research company. The Company is engaged in developing a technology for managing animal populations by fertility control. It offers ContraPest, a fertility control product candidate. ContraPest’s technology and approach targets the reproductive capabilities of both sexes.
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