SmartRent (SMRT) CEO Frank Martell Buys 450,000 Shares
Frank Martell, CEO of SmartRent, Inc., bought 450,000 shares on June 30, 2026.
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Frank Martell, Chief Executive Officer at SmartRent, Inc. ($SMRT), bought 450,000 shares on June 30, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $SMRT is down 10.1% after 1 week, down 14.3% after 1 month and down 4.2% to date (from the $1.19 close on Jun 30, 2026).
SMRT
SmartRent, Inc.
Key Points
- Frank Martell, the CEO of SmartRent, Inc. (SMRT), bought 450,000 shares on June 30, 2026, with the stock trading at $1.19.
- The stock has been fluctuating around its 52-week low of $0.91, highlighting a potential opportunity for investors.
- Analysts at Keefe, Bruyette & Woods maintain a Market Perform rating with a price target of $1.20.
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CEO Makes a Significant Purchase
Frank Martell, the Chief Executive Officer of SmartRent, Inc. (SMRT), bought 450,000 shares on June 30, 2026. This purchase comes as the stock trades at $1.19 on the NYSE. The trade reflects a notable commitment to the company, especially as it navigates a challenging market.
Understanding the Size of the Trade
This transaction adds to Martell's position, bringing his total holdings to a substantial number of shares. While the exact value of the transaction isn't disclosed, acquiring 450,000 shares represents a significant investment in SmartRent, which focuses on real estate technology solutions. Given the company's current market cap of about $223.7 million, this move is quite impactful.
Analysts Set New Price Targets
On July 13, 2026, analysts at Keefe, Bruyette & Woods maintained a Market Perform rating on SmartRent with a price target of $1.20. This rating suggests that while the stock is not expected to outperform significantly, it remains stable within the current market conditions. The average target price indicates analysts see some upside potential from its current trading level.
Stock Performance Context
SmartRent's stock is currently trading near its 52-week low of $0.91. This low point may attract attention from investors looking for potential rebounds. The stock's recent trading around $1.19 suggests it has some support, but it remains to be seen how it will perform leading up to the next earnings announcement.
What SmartRent, Inc. Does
SmartRent, Inc. provides technology solutions for real estate, including management software and smart building hardware. Founded in 2017 and based in Phoenix, Arizona, the company aims to improve the management of rental properties through innovative technology. Martell's recent purchase may signal confidence in the company’s ongoing growth and technological advancements.
What's Ahead for SmartRent, Inc.
Investors will be watching closely for SmartRent's next earnings report scheduled for November 4, 2026. As a reminder, insider transactions like Martell's reflect holdings as of the reporting date and may not represent current positions. Further insider activity and analyst ratings will also be key indicators to monitor moving forward.
Related Filing Alerts
Source: Frank Martell's Form 4 filing on $SMRT (Jun 30, 2026). Find the original filing: SMRT Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts