Linkhome (NASDAQ:LHAI) CEO Zhen Qin Sells 625,000 Shares

Linkhome Holdings Inc. (NASDAQ:LHAI) CEO Zhen Qin sold 625,000 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $0.80, for a total value of $500,000.00. Following the transaction, the chief executive officer owned 4,445,000 shares of the company’s stock, valued at approximately $3,556,000. This trade represents a 12.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Zhen Qin also recently made the following trade(s):

• On Wednesday, August 5th, Zhen Qin sold 625,000 shares of Linkhome stock. The shares were sold at an average price of $0.80, for a total transaction of $500,000.00.

Linkhome Stock Performance

Shares of Linkhome stock opened at $0.82 on Friday. Linkhome Holdings Inc. has a 1 year low of $0.53 and a 1 year high of $15.66. The firm’s 50-day simple moving average is $0.98 and its 200-day simple moving average is $1.18. The firm has a market cap of $13.34 million and a PE ratio of -41.10.

Linkhome (NASDAQ:LHAI) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($0.01) EPS for the quarter. Linkhome had a negative return on equity of 7.17% and a negative net margin of 2.21%.The business had revenue of $4.91 million during the quarter.

Institutional Investors Weigh In On Linkhome

Hedge funds and other institutional investors have recently bought and sold shares of the business. 683 Capital Management LLC acquired a new stake in Linkhome during the 4th quarter worth about $573,000. Millennium Management LLC purchased a new position in Linkhome during the 3rd quarter valued at about $268,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Linkhome in the 4th quarter valued at about $175,000. Goldman Sachs Group Inc. purchased a new stake in shares of Linkhome in the fourth quarter worth approximately $101,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Linkhome during the third quarter worth approximately $120,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Linkhome from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Linkhome Company Profile

Linkhome is an artificial intelligence-driven property technology company. By using HomeGPT, a Linkhome-developed real estate artificial intelligence model, combined with financial innovation and in conjunction with our dedicated team of agents, we have made significant and cost-effective improvements to the business model of buying and selling homes. Through our subsidiaries, we operate an artificial intelligence real estate platform with the goal of providing customers with end-to-end real estate solutions and services, initially comprising real estate brokerage services, Cash Offer, and other services like property rental management and home renovation.