Is SmartRent, Inc. (SMRT) the Cheapest Stock Insiders Are Buying In March?

We recently published a list of 15 Cheapest Stocks Insiders Are Buying In March. In this article, we are going to take a look at where SmartRent, Inc. (NYSE:SMRT) stands against other cheapest stocks insiders are buying in March.

After solid gains Monday, the broader market index and blue chip companies traded flat Tuesday, while the NASDAQ Composite rose 0.2%. Monday’s enthusiasm came from hopes of looser U.S. tariffs.

Investors mostly ignored the March consumer confidence data released on Tuesday, which showed a sharp decline in U.S. consumers’ short-term outlook on income, business, and job conditions, reports CNBC.

“Sentiment continues to wane among investors, consumers and businesses as economic concerns and economic policy uncertainty takes its toll,” said Bret Kenwell, U.S. investment analyst at eToro. “Until there’s more certainty on the tariff and macro front, sentiment and confidence remain vulnerable.”

As investors navigate daily market changes, uncertainty remains a persistent factor. Insider trading tends to attract attention during these periods, as purchases of company stock by executives may suggest optimism about the company’s future. However, insider selling doesn’t necessarily signal a lack of confidence—it could simply be for personal financial reasons or to diversify holdings. Many executives use pre-established plans, such as 10b5-1, to maintain transparency. While insider trading can provide useful insights, it’s important to evaluate it alongside a company’s financial stability, broader market trends, and industry dynamics.

What are some of the cheapest stocks insiders have been buying this month so far? To find out, we used Insider Monkey’s insider trading stock screener, focusing only on stocks where at least two insiders had purchased shares in March. From there, we ranked the 10 stocks with the lowest average price per share.

Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

With each stock, we note the average price per share of these purchases and the stock’s market capitalization.

Is SmartRent, Inc. (SMRT) the Cheapest Stock Insiders Are Buying In March?

A builder wearing a hard hat admiring a newly constructed smart home.

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%.

Overall, SMRT ranks 11th on our list of cheapest stocks insiders are buying in March. While we acknowledge the potential of SMRT our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SMRT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.