Slide Insurance (NASDAQ:SLDE) COO Shannon Lucas Sells 22,500 Shares

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) COO Shannon Lucas sold 22,500 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $18.13, for a total value of $407,925.00. Following the completion of the sale, the chief operating officer directly owned 1,562,871 shares of the company’s stock, valued at approximately $28,334,851.23. This trade represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shannon Lucas also recently made the following trade(s):

• On Tuesday, March 17th, Shannon Lucas sold 9,763 shares of Slide Insurance stock. The shares were sold at an average price of $18.44, for a total transaction of $180,029.72.
• On Wednesday, March 11th, Shannon Lucas sold 270 shares of Slide Insurance stock. The stock was sold at an average price of $17.42, for a total transaction of $4,703.40.
• On Monday, March 9th, Shannon Lucas sold 11,700 shares of Slide Insurance stock. The stock was sold at an average price of $18.23, for a total transaction of $213,291.00.
• On Friday, March 6th, Shannon Lucas sold 23,884 shares of Slide Insurance stock. The stock was sold at an average price of $18.59, for a total transaction of $444,003.56.
• On Thursday, March 5th, Shannon Lucas sold 17,075 shares of Slide Insurance stock. The stock was sold at an average price of $19.37, for a total value of $330,742.75.

Slide Insurance Stock Performance

Shares of SLDE opened at $17.75 on Thursday. The stock has a 50 day moving average of $17.38 and a 200 day moving average of $16.63. The company has a market capitalization of $2.21 billion and a price-to-earnings ratio of 6.88. Slide Insurance Holdings, Inc. has a 12 month low of $12.53 and a 12 month high of $25.90. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.03.

Slide Insurance (NASDAQ:SLDE) last announced its earnings results on Tuesday, February 24th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.36. The business had revenue of $347.01 million for the quarter.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Piper Sandler raised their price target on shares of Slide Insurance from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, February 26th. Weiss Ratings reissued a “hold (c-)” rating on shares of Slide Insurance in a report on Friday, December 26th. Keefe, Bruyette & Woods raised their target price on Slide Insurance from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, March 9th. Zacks Research upgraded Slide Insurance from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Barclays upped their price target on Slide Insurance from $25.00 to $29.00 and gave the company an “overweight” rating in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $24.40.

Hedge Funds Weigh In On Slide Insurance

A number of large investors have recently made changes to their positions in SLDE. Comerica Bank lifted its holdings in Slide Insurance by 3,462.2% during the 4th quarter. Comerica Bank now owns 1,318 shares of the company’s stock worth $26,000 after purchasing an additional 1,281 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Slide Insurance by 11.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,019 shares of the company’s stock valued at $313,000 after buying an additional 1,704 shares during the period. CWM LLC purchased a new stake in shares of Slide Insurance in the fourth quarter worth about $35,000. Ameritas Investment Partners Inc. bought a new position in shares of Slide Insurance in the third quarter valued at approximately $35,000. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Slide Insurance in the fourth quarter valued at approximately $47,000.

Key Stories Impacting Slide Insurance

Here are the key news stories impacting Slide Insurance this week:

• Positive Sentiment: Zacks upgraded SLDE from “hold” to “strong-buy”, a move that can attract retail and quant flows that follow Zacks ratings. Zacks.com
• Positive Sentiment: Keefe, Bruyette & Woods raised its price target on SLDE, signaling stronger analyst conviction and providing support to sentiment. Keefe Bruyette Price Target
• Positive Sentiment: Analyst consensus and coverage note a meaningful implied upside (~36% consensus target), which can fuel interest from momentum and target-chasing funds if earnings revisions remain favorable. Zacks Upside Note
• Positive Sentiment: Fundamentals: SLDE recently beat quarterly EPS expectations ($1.23 vs. $0.87) on $347M revenue, reinforcing analyst bullishness and justifying higher targets. MarketBeat Company Page
• Neutral Sentiment: A sector/peer comparison piece contrasts Slide with Exzeo (XZO); useful for relative valuation context but not a direct near-term catalyst. Exzeo vs Slide Analysis
• Negative Sentiment: Insider selling: CEO Bruce Lucas sold large blocks (227,500 shares on 3/16 and 98,716 on 3/17), COO Shannon Lucas sold multiple tranches, and director Robert Gries, Jr. sold 28,212 shares — collectively likely weighing on intraday sentiment despite their remaining large holdings. SEC Filing (Bruce Lucas) Director Sale (InsiderTrades)

Slide Insurance Company Profile

Launched in 2021, we are a technology enabled, fast-growing, coastal specialty insurer. We focus on profitable underwriting of single family and condominium policies in the property and casualty (“P&C”) industry in coastal states along the Atlantic seaboard through our insurance subsidiary, Slide Insurance Company (“SIC”). We utilize our differentiated technology and data-driven approach to focus on market opportunities that are underserved by other insurance companies. We acquire policies both from inorganic block acquisitions and subsequent renewals, as well as new business sales through a combination of independent agents and our direct-to-consumer(“DTC”) channel, through which we sell our insurance products directly to end consumers, without the use of retailers, brokers, agents or other intermediaries.