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

Linkhome Holdings Inc. (NASDAQ:LHAI) CEO Zhen Qin sold 625,000 shares of the stock in a transaction on Friday, July 31st. The shares were 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 approximately $3,556,000. The trade was a 12.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 Stock Down 2.7%

LHAI opened at $0.82 on Friday. The company has a market cap of $13.34 million and a PE ratio of -41.10. Linkhome Holdings Inc. has a twelve month low of $0.53 and a twelve month high of $15.66. The company has a 50-day moving average price of $0.98 and a 200 day moving average price of $1.18.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Linkhome from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, August 3rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Hedge Funds Weigh In On Linkhome

Several institutional investors and hedge funds have recently bought and sold shares of LHAI. 683 Capital Management LLC purchased a new stake in shares of Linkhome in the 4th quarter valued at approximately $573,000. Millennium Management LLC purchased a new stake in shares of Linkhome during the 3rd quarter valued at approximately $268,000. OMERS ADMINISTRATION Corp acquired a new position in Linkhome in the fourth quarter valued at approximately $175,000. Goldman Sachs Group Inc. acquired a new position in Linkhome in the fourth quarter valued at approximately $101,000. Finally, Citadel Advisors LLC purchased a new position in Linkhome in the third 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.