SmartRent, Inc. (NYSE:SMRT) Shares Purchased by Barclays PLC

Barclays PLC grew its holdings in SmartRent, Inc. (NYSE:SMRT) by 317.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 292,017 shares of the company’s stock after buying an additional 221,998 shares during the period. Barclays PLC owned 0.15% of SmartRent worth $504,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Citigroup Inc. boosted its stake in SmartRent by 27.2% during the third quarter. Citigroup Inc. now owns 10,009,518 shares of the company’s stock worth $17,316,000 after buying an additional 2,138,797 shares during the period. Long Pond Capital LP lifted its holdings in shares of SmartRent by 133.1% in the 2nd quarter. Long Pond Capital LP now owns 9,316,093 shares of the company’s stock worth $22,265,000 after acquiring an additional 5,320,147 shares during the last quarter. Land & Buildings Investment Management LLC lifted its holdings in shares of SmartRent by 82.0% in the 2nd quarter. Land & Buildings Investment Management LLC now owns 5,658,366 shares of the company’s stock worth $13,523,000 after acquiring an additional 2,549,856 shares during the last quarter. Old West Investment Management LLC boosted its position in shares of SmartRent by 4.9% during the 2nd quarter. Old West Investment Management LLC now owns 4,676,165 shares of the company’s stock worth $11,176,000 after purchasing an additional 220,536 shares during the period. Finally, State Street Corp increased its holdings in SmartRent by 0.4% in the 3rd quarter. State Street Corp now owns 4,206,322 shares of the company’s stock valued at $7,277,000 after purchasing an additional 15,642 shares during the last quarter. Institutional investors and hedge funds own 59.42% of the company’s stock.

Insider Activity

In other news, Director Frank Martell acquired 48,204 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were bought at an average price of $1.45 per share, for a total transaction of $69,895.80. Following the completion of the purchase, the director now directly owns 248,204 shares of the company’s stock, valued at approximately $359,895.80. This trade represents a 24.10 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 9.00% of the company’s stock.

SmartRent Price Performance

NYSE SMRT opened at $1.75 on Friday. The stock has a 50-day moving average of $1.68 and a two-hundred day moving average of $1.83. The company has a market cap of $337.00 million, a P/E ratio of -13.46 and a beta of 1.96. SmartRent, Inc. has a 1-year low of $1.17 and a 1-year high of $3.47.

SmartRent (NYSE:SMRT) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). SmartRent had a negative net margin of 12.77% and a negative return on equity of 6.08%. The company had revenue of $40.50 million during the quarter, compared to analyst estimates of $45.94 million. During the same quarter in the prior year, the company earned ($0.04) EPS. The business’s revenue was down 30.3% on a year-over-year basis. On average, analysts anticipate that SmartRent, Inc. will post -0.14 EPS for the current fiscal year.

About SmartRent

SmartRent, Inc, an enterprise software company, provides an integrated smart home operating system to residential property owners and operators, homebuilders, institutional home buyers, developers, and residents in the United States. The company’s products and solutions include smart apartments and homes, access control for buildings, common areas, and rental units, asset protection and monitoring, parking management, self-guided tours, and community and resident Wi-Fi.