New insider activity at SmartRent ( (SMRT) ) has taken place on August 12, 2025.
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In a significant show of confidence in SmartRent, Director Thomas Bohjalian and CEO Frank Martell have made substantial purchases of the company’s stock. Bohjalian acquired 175,000 shares valued at $223,250, while Martell purchased 230,000 shares for $304,100. These transactions highlight the leadership’s strong belief in the company’s future prospects.
Recent Updates on SMRT stock
In the past 24 hours, SmartRent has seen a notable adjustment in its stock price target, driven by its recent earnings report and strategic shifts. The company’s Q2 2025 financial results highlighted a 21% revenue decline to $38.3 million, primarily due to a strategic move away from bulk hardware sales. Despite this, SmartRent has expanded its cost reduction program, aiming for $30 million in annualized savings, and reported strong SaaS revenue growth, now comprising 37% of total revenue. The company also maintains a robust liquidity position with $105 million in cash and a $75 million undrawn credit facility. These financial strategies and a focus on AI integration and product innovation are seen as positive steps towards achieving cash flow neutrality by the end of 2025, influencing the recent price target adjustments.
Spark’s Take on SMRT Stock
According to Spark, TipRanks’ AI Analyst, SMRT is a Neutral.
SmartRent’s overall stock score reflects a challenging financial performance with persistent losses and a negative valuation. However, the company’s strong balance sheet, strategic shift towards SaaS, and recent leadership changes provide a foundation for potential long-term growth. Technical indicators and corporate events suggest some positive momentum, but significant risks remain.
To see Spark’s full report on SMRT stock, click here.
More about SmartRent
YTD Price Performance: -28.57%
Average Trading Volume: 2,242,832
Technical Sentiment Signal: Sell
Current Market Cap: $235.1M