Insider Selling: Linkhome (NASDAQ:LHAI) CEO Sells 1,413,333 Shares of Stock

Linkhome Holdings Inc. (NASDAQ:LHAI) CEO Zhen Qin sold 1,413,333 shares of Linkhome stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $1.50, for a total value of $2,119,999.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Linkhome Price Performance

NASDAQ LHAI traded down $0.04 during trading hours on Thursday, reaching $0.98. The company’s stock had a trading volume of 125,485 shares, compared to its average volume of 453,360. The company’s 50-day moving average is $1.20 and its two-hundred day moving average is $5.10. Linkhome Holdings Inc. has a fifty-two week low of $0.53 and a fifty-two week high of $22.33.

Linkhome (NASDAQ:LHAI) last announced its earnings results on Wednesday, May 13th. The company reported ($0.01) earnings per share (EPS) for the quarter. Linkhome had a negative return on equity of 7.70% and a negative net margin of 2.21%.The business had revenue of $4.91 million for the quarter.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Linkhome from a “sell” rating to a “hold” rating in a report on Sunday, February 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

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