Insider Selling: Slide Insurance (NASDAQ:SLDE) COO Sells $125,495.36 in Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) COO Shannon Lucas sold 6,647 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $18.88, for a total value of $125,495.36. Following the completion of the sale, the chief operating officer directly owned 1,308,133 shares in the company, valued at approximately $24,697,551.04. The trade was a 0.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Friday, May 1st, Shannon Lucas sold 8,450 shares of Slide Insurance stock. The shares were sold at an average price of $18.77, for a total transaction of $158,606.50.
• On Wednesday, April 29th, Shannon Lucas sold 18,917 shares of Slide Insurance stock. The stock was sold at an average price of $19.24, for a total transaction of $363,963.08.
• On Tuesday, April 28th, Shannon Lucas sold 15,251 shares of Slide Insurance stock. The stock was sold at an average price of $18.94, for a total transaction of $288,853.94.
• On Monday, April 27th, Shannon Lucas sold 13,500 shares of Slide Insurance stock. The shares were sold at an average price of $18.75, for a total transaction of $253,125.00.
• On Monday, April 20th, Shannon Lucas sold 11,676 shares of Slide Insurance stock. The stock was sold at an average price of $19.55, for a total transaction of $228,265.80.
• On Tuesday, April 14th, Shannon Lucas sold 18,874 shares of Slide Insurance stock. The stock was sold at an average price of $18.04, for a total transaction of $340,486.96.
• On Monday, April 13th, Shannon Lucas sold 25,621 shares of Slide Insurance stock. The shares were sold at an average price of $18.05, for a total transaction of $462,459.05.
• On Thursday, April 9th, Shannon Lucas sold 27,069 shares of Slide Insurance stock. The shares were sold at an average price of $18.11, for a total transaction of $490,219.59.
• On Wednesday, April 8th, Shannon Lucas sold 12,008 shares of Slide Insurance stock. The stock was sold at an average price of $18.01, for a total value of $216,264.08.
• On Tuesday, April 7th, Shannon Lucas sold 11,283 shares of Slide Insurance stock. The shares were sold at an average price of $18.00, for a total value of $203,094.00.

Slide Insurance Price Performance

SLDE stock opened at $18.74 on Thursday. The stock has a 50-day moving average price of $18.27 and a two-hundred day moving average price of $17.47. 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 1.33, a quick ratio of 1.34 and a debt-to-equity ratio of 0.03. The company has a market cap of $2.15 billion and a PE ratio of 5.21.

Slide Insurance (NASDAQ:SLDE) last released its quarterly earnings data on Tuesday, April 28th. The company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.20. The company had revenue of $389.28 million for the quarter. Slide Insurance had a return on equity of 48.38% and a net margin of 38.86%. As a group, research analysts predict that Slide Insurance Holdings, Inc. will post 3.51 EPS for the current year.

Slide Insurance announced that its board has initiated a share buyback program on Tuesday, April 28th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to buy up to 4.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Trending Headlines about Slide Insurance

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

• Positive Sentiment: Slide reported strong Q1 results (EPS beat, high ROE and margins) and the board authorized a $100M share buyback (≈4.3% of shares), both of which support EPS accretion and investor sentiment. MarketBeat: Slide Insurance profile & earnings
• Positive Sentiment: Slide launched an excess & surplus (E&S) homeowners program in California, expanding addressable markets in a high-demand coastal state and adding a new growth vector. Slide Insurance Expands Homeowners Coverage to California
• Positive Sentiment: Analyst coverage remains constructive: several firms have raised price targets (Barclays, Piper, Keefe) and Zacks highlights a consensus target implying ~35% upside — this analyst optimism helps underpin the stock. Zacks: 35.25% upside note
• Positive Sentiment: Zacks included SLDE on its May 6 “Best Value Stocks” list (Zacks Rank #1), which can attract value-focused flows and short-term buying interest. Zacks Rank #1 inclusion
• Neutral Sentiment: Fundamental write-ups (e.g., Seeking Alpha) highlight attractive growth, low valuation (low P/E, strong ROE) but flag concentrated geographic/weather risk (Florida) — a mixed view that supports long-term thesis but notes risk. Seeking Alpha: growth vs weather risk
• Neutral Sentiment: Small institutional position changes have been reported (modest buys), but no large directional block trades yet — watch for trend changes in fund flows. Institutional holdings summary
• Negative Sentiment: Significant insider selling this week: CEO Bruce Lucas sold large blocks across May 1 and May 4 (total ≈152k shares), a visible supply signal that can pressure sentiment despite being a small % of his total holdings. SEC Filing
• Negative Sentiment: COO Shannon Lucas and other senior insiders have executed multiple sales totaling tens of thousands of shares in recent weeks, adding to near-term selling pressure. SEC Filing: Shannon Lucas sales
• Negative Sentiment: CFO Anastasios Omiridis sold 9,000 shares on May 4 and now holds only 330 shares (a >96% reduction) — a notable drop in executive ownership that some investors may view as an alignment/governance concern. SEC Filing: CFO sale
• Negative Sentiment: Additional disclosed insider sales (directors and other executives) increase near-term supply; watch volume and whether buyback activity offsets selling. InsiderTrades summary

Analyst Upgrades and Downgrades

Several research firms have issued reports on SLDE. Piper Sandler boosted their price objective 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. Keefe, Bruyette & Woods lifted their target price on shares of Slide Insurance from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, March 9th. Wall Street Zen downgraded Slide Insurance from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Barclays raised their price objective on Slide Insurance from $29.00 to $31.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Finally, Zacks Research cut Slide Insurance from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Slide Insurance presently has a consensus rating of “Moderate Buy” and an average target price of $24.80.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SLDE. Geode Capital Management LLC acquired a new stake in Slide Insurance during the 2nd quarter valued at $2,245,000. Legal & General Group Plc purchased a new stake in Slide Insurance during the 2nd quarter worth $216,000. Norges Bank acquired a new position in Slide Insurance in the 2nd quarter worth $866,000. Marshall Wace LLP purchased a new position in Slide Insurance in the 2nd quarter valued at about $1,056,000. Finally, Qube Research & Technologies Ltd purchased a new position in Slide Insurance in the 2nd quarter valued at about $834,000.

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.