15 Cheapest Stocks Insiders Are Buying In March

11. SmartRent, Inc. (NYSE:SMRT)

Market Capitalization: $231.24 million

SmartRent is a real estate technology company that offers software and hardware solutions for property owners, managers, homebuilders, and residents. Their products include smart building systems, access control, asset monitoring, and self-guided tours, all designed to enhance property management and resident experience. It is based in Scottsdale, Arizona.

We recently shared a bull case theory on SmartRent. In summary, the thesis argues that despite SmartRent stock hitting all-time lows, it offers a strong investment opportunity as most of its market value is backed by cash. The company, which focuses on subscription software for multifamily buildings, generates $75 million in annual subscription sales and $50 million in gross profits, yet trades at a very low valuation. An activist investor’s involvement and the company’s solid financial position provide strong downside protection, making the stock a compelling risk/reward investment with the potential for significant upside.

This month, three insiders, including the CEO, and CFO, acquired approximately $212,349 worth of SmartRent shares at a price of $1.19 per share. Currently, the stock trades at $1.20 per share, having dropped 31.43% since the beginning of the year, and 55.89% over the past 12 months.

Four analysts have rated SmartRent stock as a “Hold” with a price target of $1.87, suggesting a potential upside of 55.83%.