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

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

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

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

Linkhome Price Performance

Shares of NASDAQ LHAI traded down $0.02 during midday trading on Friday, reaching $0.82. The company’s stock had a trading volume of 84,599 shares, compared to its average volume of 5,152,833. The stock has a market capitalization of $13.34 million and a P/E ratio of -41.10. The firm has a 50 day moving average price of $0.98 and a 200-day moving average price of $1.18. Linkhome Holdings Inc. has a 12-month low of $0.53 and a 12-month high of $15.66.

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of Linkhome

A number of institutional investors have recently added to or reduced their stakes in the stock. 683 Capital Management LLC bought a new position in Linkhome in the 4th quarter worth about $573,000. Millennium Management LLC bought a new position in shares of Linkhome in the third quarter valued at approximately $268,000. OMERS ADMINISTRATION Corp bought a new position in shares of Linkhome in the fourth quarter valued at approximately $175,000. Goldman Sachs Group Inc. purchased a new position in Linkhome during the fourth quarter valued at approximately $101,000. Finally, Citadel Advisors LLC bought a new stake in Linkhome during the 3rd quarter worth approximately $120,000.

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.