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

Linkhome Holdings Inc. (NASDAQ:LHAI) CEO Zhen Qin sold 625,000 shares of Linkhome stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $0.80, for a total transaction of $500,000.00. Following the completion of the transaction, the chief executive officer directly owned 3,820,000 shares in the company, valued at approximately $3,056,000. The trade was a 14.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, July 31st, Zhen Qin sold 625,000 shares of Linkhome stock. The shares were sold at an average price of $0.80, for a total value of $500,000.00.

Linkhome Stock Performance

Shares of LHAI opened at $0.82 on Friday. Linkhome Holdings Inc. has a fifty-two week low of $0.53 and a fifty-two week high of $15.66. The firm’s 50-day simple moving average is $0.98 and its two-hundred day simple moving average is $1.18. The stock 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) earnings per share for the quarter. Linkhome had a negative net margin of 2.21% and a negative return on equity of 7.17%. The firm had revenue of $4.91 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded 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 MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cerity Partners LLC purchased a new stake in Linkhome in the fourth quarter worth approximately $91,000. Citadel Advisors LLC purchased a new stake in Linkhome during the 3rd quarter valued at $120,000. Goldman Sachs Group Inc. bought a new position in shares of Linkhome during the 4th quarter valued at $101,000. OMERS ADMINISTRATION Corp bought a new position in shares of Linkhome during the 4th quarter valued at $175,000. Finally, Millennium Management LLC purchased a new position in shares of Linkhome in the 3rd quarter worth $268,000.

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.