Published on 7 May 2024 on Simply Wall St. via Yahoo Finance
SmartRent, Inc. (NYSE:SMRT) is favoured by institutional owners who hold 60% of the company
Key Insights
Significantly high institutional ownership implies SmartRent's stock price is sensitive to their trading actionsA total of 12 investors have a majority stake in the company with 51% ownership Insiders own 12% of SmartRent
A look at the shareholders of SmartRent, Inc. (NYSE:SMRT) can tell us which group is most powerful. The group holding the most number of shares in the company, around 60% to be precise, is institutions. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).