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

Posted by Alphonse Anthony on Jun 8th, 2026

SmartRent, Inc. (NYSE:SMRT – Get Free Report) CEO Frank Martell acquired 20,000 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were bought at an average cost of $1.19 per share, with a total value of $23,800.00. Following the completion of the acquisition, the chief executive officer owned 3,185,266 shares in the company, valued at $3,790,466.54. This represents a 0.63% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

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

SmartRent Price Performance

Shares of SMRT stock opened at $1.10 on Monday. The firm has a market cap of $211.16 million, a P/E ratio of -8.42 and a beta of 1.53. SmartRent, Inc. has a 1-year low of $0.85 and a 1-year high of $2.20. The firm has a fifty day moving average of $1.33 and a two-hundred day moving average of $1.62.

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SMRT. Weiss Ratings lowered shares of SmartRent from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 26th. Keefe, Bruyette & Woods decreased their price target 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. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $1.40.

Get Our Latest Research Report on SMRT

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Neuberger Berman Group LLC acquired a new position in shares of SmartRent in the 4th quarter valued at about $30,000. CTC Alternative Strategies Ltd. acquired a new position in shares of SmartRent in the 1st quarter valued at about $26,000. Dean Jacobson Financial Services LLC acquired a new position in shares of SmartRent in the 4th quarter valued at about $35,000. Kanen Wealth Management LLC acquired a new position in shares of SmartRent in the 3rd quarter valued at about $26,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of SmartRent in the 4th quarter valued at about $39,000. 59.42% of the stock is owned by institutional investors and hedge funds.

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.