SmartRent director Bohjalian buys $6,700 in company stock

Thomas N. Bohjalian, a director at SmartRent, Inc. (NASDAQ: SMRT), acquired 5,000 shares of the company's Class A Common Stock on August 11, 2026. The purchase price was $1.34 per share, resulting in a total expenditure of $6,700. This transaction increased Bohjalian's beneficial ownership of SmartRent's Class A Common Stock to 726,062 shares.

The insider's move occurred as SMRT stock demonstrated positive momentum, trading at $1.45 and experiencing a 5.84% gain over the previous week. InvestingPro analysis suggests the stock may be undervalued at its current price point, with the company maintaining more cash than debt on its balance sheet. Additional insights from InvestingPro include nine exclusive tips and comprehensive financial metrics for SMRT investors.

Meanwhile, SmartRent reported its second-quarter earnings, revealing a 4% increase in revenue from the prior year, totaling $40 million. Notably, core revenue, excluding non-cash hub amortization, surged by 14% to $38 million, marking the fastest quarterly growth in over two years. The company reported a net loss of $6 million, an improvement over the previous year, and positive adjusted EBITDA for the third consecutive quarter.

Although revenue slightly fell short of the forecasted $40.17 million, the emphasis was on the improving operating trends. These outcomes underscore the company's ongoing efforts to bolster its financial performance, with earnings results serving as a significant highlight for investors, indicating a positive trajectory in the company's growth metrics.