SmartRent, Inc. $SMRT Stock Holdings Reduced by GSA Capital Partners LLP

GSA Capital Partners LLP cut its position in shares of SmartRent, Inc. (NYSE:SMRT) by 25.3% in the third quarter, Holdings Channel reports. The firm owned 1,261,386 shares of the company’s stock after selling 427,981 shares during the period. GSA Capital Partners LLP’s holdings in SmartRent were worth $1,779,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. GatePass Capital LLC lifted its position in shares of SmartRent by 280.5% in the third quarter. GatePass Capital LLC now owns 529,022 shares of the company’s stock worth $746,000 after buying an additional 390,000 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in SmartRent during the second quarter valued at approximately $266,000. Dimension Capital Management LLC bought a new position in shares of SmartRent in the second quarter valued at approximately $1,148,000. Catalyst Funds Management Pty Ltd lifted its stake in shares of SmartRent by 232.5% in the second quarter. Catalyst Funds Management Pty Ltd now owns 51,300 shares of the company’s stock worth $51,000 after buying an additional 35,872 shares during the last quarter. Finally, Savant Capital LLC boosted its holdings in shares of SmartRent by 416.2% during the 2nd quarter. Savant Capital LLC now owns 170,786 shares of the company’s stock worth $169,000 after buying an additional 137,700 shares during the period. Institutional investors own 59.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wall Street Zen raised shares of SmartRent from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Zacks Research upgraded SmartRent from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SmartRent in a research report on Monday, December 29th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, SmartRent currently has an average rating of “Reduce” and an average target price of $1.45.

Insider Activity

In other SmartRent news, CEO Frank Martell purchased 124,086 shares of the business’s stock in a transaction on Friday, December 5th. The stock was purchased at an average price of $1.91 per share, for a total transaction of $237,004.26. Following the completion of the purchase, the chief executive officer directly owned 1,447,290 shares in the company, valued at approximately $2,764,323.90. This trade represents a 9.38% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas N. Bohjalian purchased 50,000 shares of the stock in a transaction on Tuesday, December 2nd. The stock was bought at an average price of $1.68 per share, for a total transaction of $84,000.00. Following the completion of the transaction, the director directly owned 350,000 shares of the company’s stock, valued at approximately $588,000. This trade represents a 16.67% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 574,086 shares of company stock valued at $1,014,225 in the last three months. Company insiders own 9.00% of the company’s stock.

SmartRent Price Performance

Shares of SmartRent stock opened at $1.63 on Wednesday. SmartRent, Inc. has a 52-week low of $0.67 and a 52-week high of $2.20. The firm has a market capitalization of $307.45 million, a PE ratio of -4.51 and a beta of 1.79. The company’s fifty day moving average price is $1.85 and its two-hundred day moving average price is $1.61.

SmartRent Profile

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.