Insider Selling: Linkhome (NASDAQ:LHAI) CEO Sells 625,000 Shares

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

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

Linkhome (NASDAQ:LHAI) last posted its quarterly earnings data on Wednesday, May 13th. The company reported ($0.01) EPS for the quarter. The company 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%.

Hedge Funds Weigh In On Linkhome

A number of institutional investors have recently added to or reduced their stakes in the company. Cerity Partners LLC bought a new stake in shares of Linkhome in the 4th quarter valued at about $91,000. Citadel Advisors LLC bought a new stake in Linkhome in the third quarter valued at approximately $120,000. Goldman Sachs Group Inc. bought a new position in shares of Linkhome during the 4th quarter worth approximately $101,000. OMERS ADMINISTRATION Corp bought a new stake in Linkhome in the 4th quarter valued at $175,000. Finally, Millennium Management LLC bought a new position in Linkhome during the third quarter worth $268,000.

Analysts Set New Price Targets

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

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.