SmartRent (NYSE:SMRT) CEO Frank Martell Buys 40,260 Shares

Posted by Brenda Bartman on Jun 6th, 2026

SmartRent, Inc. (NYSE:SMRT – Get Free Report) CEO Frank Martell purchased 40,260 shares of SmartRent stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average cost of $1.13 per share, for a total transaction of $45,493.80. Following the completion of the purchase, the chief executive officer owned 3,225,526 shares of the company’s stock, valued at $3,644,844.38. This trade represents a 1.26% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

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

On Thursday, June 4th, Frank Martell purchased 20,000 shares of SmartRent stock. The stock was purchased at an average cost of $1.19 per share, for a total transaction of $23,800.00.
On Tuesday, May 12th, Frank Martell purchased 100,000 shares of SmartRent stock. The stock was purchased at an average cost of $1.18 per share, for a total transaction of $118,000.00.
On Friday, May 8th, Frank Martell bought 50,000 shares of SmartRent stock. The stock was bought at an average cost of $1.12 per share, for a total transaction of $56,000.00.

SmartRent Trading Down 5.6%

NYSE SMRT opened at $1.10 on Friday. SmartRent, Inc. has a 12 month low of $0.85 and a 12 month high of $2.20. The stock has a market cap of $211.16 million, a P/E ratio of -8.42 and a beta of 1.53. The stock’s fifty day moving average price is $1.33 and its 200-day moving average price is $1.62.

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

Institutional Investors Weigh In On SmartRent

Several institutional investors have recently modified their holdings of the business. LPL Financial LLC boosted its position in shares of SmartRent by 60.9% during the fourth quarter. LPL Financial LLC now owns 37,000 shares of the company’s stock valued at $75,000 after buying an additional 14,000 shares during the last quarter. Neuberger Berman Group LLC bought a new position in SmartRent in the fourth quarter valued at about $30,000. Invesco Ltd. lifted its holdings in SmartRent by 4.8% in the fourth quarter. Invesco Ltd. now owns 331,584 shares of the company’s stock valued at $670,000 after acquiring an additional 15,124 shares during the period. Squarepoint Ops LLC lifted its holdings in SmartRent by 111.3% in the fourth quarter. Squarepoint Ops LLC now owns 31,774 shares of the company’s stock valued at $64,000 after acquiring an additional 16,734 shares during the period. Finally, CTC Alternative Strategies Ltd. bought a new position in SmartRent in the first quarter valued at about $26,000. 59.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

View Our Latest Stock Report on SMRT

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.