Key Points
- Frank Martell, SmartRent's CEO, bought 30,534 shares on December 15 at $2.06, bringing his holdings to 2,094,330 shares (≈$4.31M), a 1.48% increase in his position.
- He has aggressively accumulated stock in recent weeks, purchasing about 524,086 shares (~$930K) from November 20 to December 16, signaling significant insider buying.
- SMRT trades around $2.07 (52‑week range $0.67–$2.20) with a market cap of $390.7M, but analysts' consensus is a "Reduce" rating and a $1.45 price target.
SmartRent, Inc. (NYSE:SMRT - Get Free Report) CEO Frank Martell purchased 19,466 shares of the business's stock in a transaction on Tuesday, December 16th. The stock was acquired at an average price of $2.07 per share, with a total value of $40,294.62. Following the purchase, the chief executive officer directly owned 2,113,796 shares in the company, valued at $4,375,557.72. This represents a 0.93% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Frank Martell also recently made the following trade(s):
- On Monday, December 15th, Frank Martell acquired 30,534 shares of SmartRent stock. The stock was acquired at an average price of $2.06 per share, for a total transaction of $62,900.04.
- On Thursday, December 11th, Frank Martell acquired 25,000 shares of SmartRent stock. The stock was acquired at an average cost of $2.07 per share, with a total value of $51,750.00.
- On Friday, December 5th, Frank Martell bought 124,086 shares of SmartRent stock. The shares were acquired at an average price of $1.91 per share, with a total value of $237,004.26.
- On Thursday, December 4th, Frank Martell purchased 100,000 shares of SmartRent stock. The stock was acquired at an average cost of $1.88 per share, for a total transaction of $188,000.00.
- On Wednesday, December 3rd, Frank Martell purchased 27,722 shares of SmartRent stock. The stock was acquired at an average price of $1.86 per share, with a total value of $51,562.92.
- On Tuesday, December 2nd, Frank Martell acquired 28,846 shares of SmartRent stock. The shares were bought at an average price of $1.69 per share, for a total transaction of $48,749.74.
- On Monday, December 1st, Frank Martell bought 18,432 shares of SmartRent stock. The stock was bought at an average cost of $1.69 per share, for a total transaction of $31,150.08.
- On Friday, November 21st, Frank Martell bought 56,236 shares of SmartRent stock. The shares were bought at an average price of $1.44 per share, with a total value of $80,979.84.
- On Thursday, November 20th, Frank Martell bought 93,764 shares of SmartRent stock. The shares were bought at an average cost of $1.47 per share, with a total value of $137,833.08.
SmartRent Stock Up 0.7%
Shares of SMRT stock opened at $2.07 on Wednesday. The company's fifty day simple moving average is $1.59 and its two-hundred day simple moving average is $1.34. SmartRent, Inc. has a 52 week low of $0.67 and a 52 week high of $2.20. The stock has a market cap of $390.70 million, a P/E ratio of -5.74 and a beta of 1.82.
SmartRent (NYSE:SMRT - Get Free Report) last issued its earnings results on Wednesday, November 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.03. SmartRent had a negative return on equity of 15.10% and a negative net margin of 45.45%.The firm had revenue of $36.20 million for the quarter, compared to analysts' expectations of $36.27 million. On average, analysts anticipate that SmartRent, Inc. will post -0.14 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
SMRT has been the subject of a number of recent research reports. Weiss Ratings reissued a "sell (d-)" rating on shares of SmartRent in a report on Monday. Wall Street Zen upgraded shares of SmartRent from a "sell" rating to a "hold" rating in a research report on Saturday, November 8th. Finally, Zacks Research raised shares of SmartRent from a "strong sell" rating to a "hold" rating in a research note on Wednesday, November 12th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average target price of $1.45.
Check Out Our Latest Analysis on SMRT
Hedge Funds Weigh In On SmartRent
Several large investors have recently modified their holdings of SMRT. Cubist Systematic Strategies LLC purchased a new position in shares of SmartRent during the 1st quarter worth about $300,000. Nuveen LLC purchased a new stake in SmartRent in the 1st quarter worth about $498,000. Y Intercept Hong Kong Ltd bought a new stake in SmartRent in the second quarter worth about $266,000. Pallas Capital Advisors LLC boosted its position in shares of SmartRent by 128.5% during the second quarter. Pallas Capital Advisors LLC now owns 30,788 shares of the company's stock valued at $30,000 after buying an additional 17,312 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in shares of SmartRent by 1,230.2% during the second quarter. Public Employees Retirement System of Ohio now owns 143,680 shares of the company's stock valued at $142,000 after buying an additional 132,879 shares during the period. Institutional investors own 59.42% of the company's stock.
SmartRent Company Profile
(
Get Free Report)
SmartRent, Inc, an enterprise software company, provides an integrated smart home operating system to residential property owners and operators, homebuilders, institutional home buyers, developers, and residents in the United States. The company's products and solutions include smart apartments and homes, access control for buildings, common areas, and rental units, asset protection and monitoring, parking management, self-guided tours, and community and resident Wi-Fi.
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