New insider activity at SmartRent ( (SMRT) ) has taken place on March 14, 2025.
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Chief Executive Officer Michael Shane Paladin has made a significant investment in SmartRent by purchasing 43,859 shares of the company’s stock, valued at $49,999.
Recent Updates on SMRT stock
In the past 24 hours, SmartRent has experienced significant developments impacting its stock performance. Analyst Ryan Tomasello from Keefe Bruyette lowered the price target for SmartRent due to a lack of visibility, maintaining a Market Perform rating. The company faces financial instability risks from potential changes in tax laws, including new excise taxes and the elimination of immediate R&D deductions, which could affect cash flow and operational results. SmartRent’s Q4 2024 earnings report revealed a 41% decline in total revenue, primarily due to reduced hardware sales, though SaaS revenue increased by 17%, indicating a strategic shift towards a SaaS-first model. The company is restructuring its sales organization and has made leadership changes to address hardware sales challenges. Despite a net loss increase, SmartRent improved its adjusted EBITDA and ended the year with a strong cash position and no debt. The company is optimistic about its transition to a SaaS-focused model under new CEO Shane Paladin, aiming for strategic growth and operational excellence.
More about SmartRent
YTD Price Performance: -33.71%
Average Trading Volume: 1,381,730
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $215.8M