SmartRent, Inc. (NYSE:SMRT) Shares Purchased by XTX Topco Ltd

XTX Topco Ltd boosted its position in shares of SmartRent, Inc. (NYSE:SMRT) by 303.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 141,012 shares of the company’s stock after acquiring an additional 106,071 shares during the quarter. XTX Topco Ltd’s holdings in SmartRent were worth $244,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Citigroup Inc. lifted its holdings in shares of 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 purchasing an additional 2,138,797 shares during the period. Long Pond Capital LP lifted its stake in SmartRent by 133.1% during the 2nd quarter. Long Pond Capital LP now owns 9,316,093 shares of the company’s stock valued at $22,265,000 after acquiring an additional 5,320,147 shares during the period. Land & Buildings Investment Management LLC boosted 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 valued at $13,523,000 after acquiring an additional 2,549,856 shares during the last quarter. Caprock Group LLC acquired a new stake in shares of SmartRent in the third quarter worth $1,997,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of SmartRent by 16.9% during the second quarter. Dimensional Fund Advisors LP now owns 3,248,368 shares of the company’s stock worth $7,763,000 after purchasing an additional 468,619 shares during the last quarter. 59.42% of the stock is owned by institutional investors and hedge funds.

SmartRent Stock Performance

NYSE:SMRT opened at $1.67 on Thursday. The firm’s fifty day moving average is $1.69 and its two-hundred day moving average is $1.89. The firm has a market cap of $321.59 million, a price-to-earnings ratio of -12.85 and a beta of 1.96. SmartRent, Inc. has a one year low of $1.17 and a one year high of $3.47.

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

Insiders Place Their Bets

In other SmartRent news, Director Frank Martell bought 50,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were purchased at an average cost of $1.49 per share, for a total transaction of $74,500.00. Following the transaction, the director now directly owns 200,000 shares of the company’s stock, valued at approximately $298,000. The trade was a 33.33 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 9.00% of the company’s stock.

SmartRent 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.