Insider Selling: Linkhome (NASDAQ:LHAI) CEO Sells 166,667 Shares of Stock

Linkhome Holdings Inc. (NASDAQ:LHAI) CEO Zhen Qin sold 166,667 shares of the business’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $1.50, for a total transaction of $250,000.50. Following the sale, the chief executive officer owned 633,333 shares of the company’s stock, valued at $949,999.50. This trade represents a 20.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Tuesday, March 17th, Zhen Qin sold 1,413,333 shares of Linkhome stock. The shares were sold at an average price of $1.50, for a total transaction of $2,119,999.50.

Linkhome Price Performance

Shares of NASDAQ LHAI traded down $0.04 during mid-day trading on Thursday, reaching $0.98. 125,485 shares of the company’s stock traded hands, compared to its average volume of 453,360. The business has a 50-day simple moving average of $1.20 and a 200 day simple moving average of $5.10. The stock has a market cap of $15.98 million and a P/E ratio of -49.22. Linkhome Holdings Inc. has a 1-year low of $0.53 and a 1-year high of $22.33.

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 return on equity of 7.70% and a negative net margin of 2.21%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Linkhome from a “sell” rating to a “hold” rating in a research report on Sunday, February 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Linkhome presently has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LHAI. FNY Investment Advisers LLC purchased a new position in Linkhome during the fourth quarter worth about $87,000. Cerity Partners LLC purchased a new stake in Linkhome in the 4th quarter valued at about $91,000. Citadel Advisors LLC bought a new position in shares of Linkhome during the 3rd quarter worth approximately $120,000. Goldman Sachs Group Inc. purchased a new position in shares of Linkhome in the 4th quarter worth approximately $101,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Linkhome in the fourth quarter valued at approximately $175,000.

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.