SmartRent, Inc. (NYSE:SMRT) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC boosted its holdings in SmartRent, Inc. (NYSE:SMRT) by 21.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 310,672 shares of the company’s stock after purchasing an additional 55,809 shares during the quarter. Jane Street Group LLC owned about 0.16% of SmartRent worth $537,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SMRT. State Street Corp boosted its holdings in shares of SmartRent by 0.4% in the third quarter. State Street Corp now owns 4,206,322 shares of the company’s stock valued at $7,277,000 after acquiring an additional 15,642 shares during the period. Clearline Capital LP boosted its holdings in shares of SmartRent by 788.5% in the third quarter. Clearline Capital LP now owns 2,242,696 shares of the company’s stock valued at $3,880,000 after acquiring an additional 1,990,285 shares during the period. Paloma Partners Management Co acquired a new stake in shares of SmartRent in the third quarter valued at approximately $47,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of SmartRent in the third quarter valued at approximately $65,000. Finally, Verition Fund Management LLC boosted its holdings in shares of SmartRent by 63.2% in the third quarter. Verition Fund Management LLC now owns 62,703 shares of the company’s stock valued at $108,000 after acquiring an additional 24,275 shares during the period. 59.42% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Frank Martell purchased 48,204 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was acquired at an average price of $1.45 per share, for a total transaction of $69,895.80. Following the completion of the transaction, the director now directly owns 248,204 shares in the company, valued at $359,895.80. This represents a 24.10 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 9.00% of the stock is currently owned by company insiders.

SmartRent Price Performance

SmartRent stock opened at $1.80 on Monday. SmartRent, Inc. has a 12 month low of $1.17 and a 12 month high of $3.47. The business has a 50 day simple moving average of $1.68 and a 200-day simple moving average of $1.82. The stock has a market capitalization of $346.63 million, a PE ratio of -13.85 and a beta of 1.96.

SmartRent (NYSE:SMRT) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.03). SmartRent had a negative return on equity of 6.08% and a negative net margin of 12.77%. The company had revenue of $40.50 million for the quarter, compared to analysts’ expectations of $45.94 million. During the same quarter last year, the company earned ($0.04) EPS. SmartRent’s revenue for the quarter was down 30.3% compared to the same quarter last year. As a group, equities research analysts anticipate that SmartRent, Inc. will post -0.14 EPS for the current year.

SmartRent Company Profile

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.