Linkhome (NASDAQ:LHAI) CEO Sells $500,000.00 in Stock

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

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 Down 2.7%

Linkhome stock traded down $0.02 on Friday, hitting $0.82. The company’s stock had a trading volume of 84,599 shares, compared to its average volume of 5,152,833. Linkhome Holdings Inc. has a one year low of $0.53 and a one year high of $15.66. The firm has a market cap of $13.34 million and a P/E ratio of -41.10. The company has a fifty day moving average price of $0.98 and a 200-day moving average price of $1.18.

Linkhome (NASDAQ:LHAI) last posted its earnings results on Wednesday, May 13th. The company reported ($0.01) earnings per share 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 MarketBeat, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On Linkhome

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

About Linkhome

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.