Transaction details
On March 12, 2026, Thomas N. Bohjalian, a director at SmartRent, Inc. (NYSE: SMRT), bought 150,000 shares of the company’s Class A common stock in a single transaction valued at $260,490. The shares were acquired at a weighted average price of $1.7366 apiece, with execution prices spanning from $1.6899 to $1.7739. Following the purchase, Bohjalian directly holds 500,000 SmartRent shares.
Market context
SmartRent’s shares currently trade at $1.65 and the company carries a market capitalization of $321 million. Over the last 12 months the stock has returned 42%, a performance described in the available data as having notable volatility. An InvestingPro analysis referenced in company coverage characterizes SMRT as appearing undervalued relative to its Fair Value.
Recent financials and analyst moves
The insider purchase comes after SmartRent reported fourth-quarter 2025 results that beat expectations. The company reported adjusted earnings per share of -$0.02 versus a forecasted -$0.05, a 60% surprise to the upside. Revenue for the quarter was $36.5 million, modestly ahead of the $36.18 million estimate.
Following the quarterly release, Keefe, Bruyette & Woods adjusted its outlook for SmartRent. The firm raised its price target to $2.00 from $1.70 while maintaining a Market Perform rating. At the same time, KBW lowered its projected EBITDA for 2026 to $5.1 million and for 2027 to $10.9 million, citing anticipated lower unit deployments and higher expenses as drivers of the revision.
Interpretation limited to disclosed facts
The disclosure of Bohjalian’s purchase, the company’s reported quarter, and KBW’s updated estimates are the core confirmed developments. Available commentary also notes that InvestingPro’s Fair Value work lists the stock among undervalued names covered in its Pro Research Reports.
This report presents the transaction, recent financial results, and analyst adjustments as reported. It reflects only the facts disclosed and does not infer causes or outcomes beyond those statements.