SmartRent CEO Martell buys $161k in shares

Published 16/08/2025, 01:50
SmartRent CEO Martell buys $161k in shares

SmartRent, Inc. NASDAQ:SMRT Chief Executive Officer Frank Martell reported purchasing 120,000 shares of Class A Common Stock on August 15, 2025, according to a Form 4 filing with the Securities and Exchange Commission. According to InvestingPro data, this insider purchase comes as the company maintains a strong balance sheet with more cash than debt and a healthy current ratio of 2.72x.

The shares were bought at a weighted average price of $1.3486, with individual prices ranging from $1.325 to $1.37, resulting in a total transaction value of $161832. Following the transaction, Martell directly owns 748204 shares through the Frank D. and Donna M. Martell Family Trust. InvestingPro analysis indicates the stock is currently undervalued, with additional insights available in the comprehensive Pro Research Report, which covers this and 1,400+ other US stocks with detailed financial analysis and expert recommendations.

In other recent news, SmartRent Inc. reported its second-quarter 2025 earnings, revealing a net loss and revenue figures that did not meet expectations. The company announced an earnings per share of -$0.06, which was below the projected -$0.04. Additionally, SmartRent’s revenue totaled $38.3 million, falling short of the anticipated $41.15 million. These results were part of the company’s latest financial disclosures. Analyst firms have noted the shortfall in revenue and earnings, which were key points of interest for investors. This information highlights the company’s recent financial performance and developments.

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