SmartRent (NYSE:SMRT) CEO Acquires $23,800.00 in Stock

Posted by Geri Gentry on Jun 5th, 2026

SmartRent, Inc. (NYSE:SMRT – Get Free Report) CEO Frank Martell bought 20,000 shares of the stock in a transaction dated Thursday, June 4th. The stock was purchased at an average price of $1.19 per share, with a total value of $23,800.00. Following the acquisition, the chief executive officer owned 3,185,266 shares of the company’s stock, valued at $3,790,466.54. The trade was a 0.63% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Frank Martell also recently made the following trade(s):

On Friday, June 5th, Frank Martell bought 40,260 shares of SmartRent stock. The stock was purchased at an average price of $1.13 per share, with a total value of $45,493.80.
On Tuesday, May 12th, Frank Martell bought 100,000 shares of SmartRent stock. The stock was purchased at an average price of $1.18 per share, with a total value of $118,000.00.
On Friday, May 8th, Frank Martell bought 50,000 shares of SmartRent stock. The stock was purchased at an average price of $1.12 per share, with a total value of $56,000.00.

SmartRent Price Performance

Shares of SMRT stock traded down $0.07 on Friday, hitting $1.10. The stock had a trading volume of 1,637,631 shares, compared to its average volume of 1,101,379. The business has a 50 day moving average of $1.34 and a 200 day moving average of $1.62. The stock has a market cap of $211.16 million, a price-to-earnings ratio of -8.42 and a beta of 1.53. SmartRent, Inc. has a 12-month low of $0.85 and a 12-month high of $2.20.

SmartRent (NYSE:SMRT – Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). The company had revenue of $36.63 million during the quarter, compared to the consensus estimate of $36.82 million. SmartRent had a negative net margin of 16.58% and a negative return on equity of 10.61%. As a group, research analysts expect that SmartRent, Inc. will post -0.1 earnings per share for the current fiscal year.

Institutional Trading of SmartRent

A number of large investors have recently added to or reduced their stakes in SMRT. Bank of America Corp DE increased its holdings in SmartRent by 1,900.9% during the first quarter. Bank of America Corp DE now owns 5,387,342 shares of the company’s stock worth $8,081,000 after buying an additional 5,118,096 shares during the last quarter. Citigroup Inc. increased its holdings in SmartRent by 33.3% during the third quarter. Citigroup Inc. now owns 15,671,673 shares of the company’s stock worth $22,097,000 after buying an additional 3,915,817 shares during the last quarter. Punch & Associates Investment Management Inc. increased its holdings in SmartRent by 163.9% during the first quarter. Punch & Associates Investment Management Inc. now owns 5,032,880 shares of the company’s stock worth $7,549,000 after buying an additional 3,125,595 shares during the last quarter. Mak Capital One LLC purchased a new stake in SmartRent during the third quarter worth about $4,038,000. Finally, Northern Right Capital Management L.P. purchased a new stake in SmartRent during the third quarter worth about $3,739,000. Hedge funds and other institutional investors own 59.42% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on SMRT. Keefe, Bruyette & Woods lowered their target price on shares of SmartRent from $2.00 to $1.40 and set a “market perform” rating for the company in a report on Monday, May 18th. Weiss Ratings downgraded shares of SmartRent from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 26th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, SmartRent has an average rating of “Reduce” and a consensus price target of $1.40.

Read Our Latest Analysis on SmartRent

SmartRent Company Profile

(Get Free Report)

SmartRent Inc is a technology company that develops smart home and smart building automation solutions for the residential rental housing industry. Its integrated hardware and software platform enables property managers and owners to remotely monitor, manage and control access, energy use and overall resident experience. The company’s product portfolio includes smart locks, thermostats, leak and flood sensors, door and window sensors, security cameras, and a centralized management dashboard that interfaces with leading property management systems.

SmartRent’s platform is designed to streamline operations for multifamily communities and single-family rental portfolios by automating routine tasks such as digital resident self-showings, remote lease turnovers, package management and preventative maintenance alerts.