Slide Insurance (NASDAQ:SLDE) COO Shannon Lucas Sells 18,917 Shares

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) COO Shannon Lucas sold 18,917 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $19.24, for a total value of $363,963.08. Following the completion of the transaction, the chief operating officer directly owned 1,323,230 shares of the company’s stock, valued at $25,458,945.20. This represents a 1.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, April 28th, Shannon Lucas sold 15,251 shares of Slide Insurance stock. The shares were sold at an average price of $18.94, for a total value 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 value of $253,125.00.
• On Monday, April 20th, Shannon Lucas sold 11,676 shares of Slide Insurance stock. The shares were sold at an average price of $19.55, for a total value of $228,265.80.
• On Tuesday, April 14th, Shannon Lucas sold 18,874 shares of Slide Insurance stock. The shares were sold at an average price of $18.04, for a total value 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 value 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 value of $490,219.59.
• On Wednesday, April 8th, Shannon Lucas sold 12,008 shares of Slide Insurance stock. The shares were 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 transaction of $203,094.00.
• On Monday, April 6th, Shannon Lucas sold 13,500 shares of Slide Insurance stock. The shares were sold at an average price of $18.09, for a total transaction of $244,215.00.
• On Monday, March 30th, Shannon Lucas sold 13,389 shares of Slide Insurance stock. The shares were sold at an average price of $18.09, for a total transaction of $242,207.01.

Slide Insurance Stock Performance

NASDAQ:SLDE opened at $18.41 on Thursday. The company has a market capitalization of $2.29 billion and a PE ratio of 5.11. The company has a 50 day simple moving average of $18.16 and a two-hundred day simple moving average of $17.38. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.34 and a current ratio of 1.34. Slide Insurance Holdings, Inc. has a fifty-two week low of $12.53 and a fifty-two week high of $25.90.

Slide Insurance (NASDAQ:SLDE) last released its earnings results on Tuesday, April 28th. The company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.20. The firm had revenue of $389.28 million for the quarter. Research analysts anticipate that Slide Insurance Holdings, Inc. will post 3.26 earnings per share for the current year.

Slide Insurance announced that its board has authorized a share repurchase plan on Tuesday, April 28th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to reacquire up to 4.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

Institutional Trading of Slide Insurance

Several large investors have recently modified their holdings of the stock. Strs Ohio grew its position in shares of Slide Insurance by 21.6% during the 1st quarter. Strs Ohio now owns 40,500 shares of the company’s stock worth $729,000 after buying an additional 7,200 shares during the period. Axis Wealth Partners LLC grew its position in shares of Slide Insurance by 100.0% during the 1st quarter. Axis Wealth Partners LLC now owns 203,502 shares of the company’s stock worth $3,663,000 after buying an additional 101,751 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of Slide Insurance by 1,617.1% in the 1st quarter. Sterling Capital Management LLC now owns 17,600 shares of the company’s stock worth $317,000 after purchasing an additional 16,575 shares in the last quarter. Hsbc Holdings PLC bought a new position in shares of Slide Insurance in the 4th quarter worth $382,000. Finally, World Investment Advisors bought a new position in shares of Slide Insurance in the 4th quarter worth $1,964,000.

Slide Insurance News Summary

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

• Positive Sentiment: Slide beat Q1 expectations: $1.02 EPS vs. $0.82 expected, revenue of $389.3M, gross premiums written +49.1% YoY, net income +50.8% and a 55.5% combined ratio — a clear operational outperformance that supports valuation. Q1 Press Release
• Positive Sentiment: The board approved a $100M share repurchase program (up to ~4.3% of shares outstanding), which is typically supportive of the stock and signals management believes shares are undervalued. Repurchase Announcement
• Positive Sentiment: Notable institutional interest: David Einhorn opened a new position and several large funds have recently increased holdings — institutional buying can attract further investor attention. Einhorn Position
• Neutral Sentiment: Local recognition as a 2026 “Best Places to Work” — positive for talent retention but unlikely to move the stock materially in the near term. Best Places to Work
• Negative Sentiment: Significant insider selling: CEO Bruce Lucas and COO Shannon Lucas executed multiple large sales over April (totaling millions of dollars and several hundred thousand shares across days). Heavy, repeated insider disposals can signal liquidity needs or prompt investor caution and likely put near-term downward pressure on the share price. Insider Trades Alert
• Negative Sentiment: Zacks downgraded SLDE from “strong-buy” to “hold,” which can trigger short-term selling by momentum investors despite the quarter beat. Zacks Downgrade

Wall Street Analyst Weigh In

A number of research firms have weighed in on SLDE. Keefe, Bruyette & Woods increased their target price on shares of Slide Insurance from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, March 9th. Barclays increased their target price on shares of Slide Insurance from $29.00 to $31.00 and gave the company an “overweight” rating in a research report on Wednesday. Piper Sandler increased their target price on shares of Slide Insurance from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. Texas Capital raised shares of Slide Insurance to a “strong-buy” rating in a research report on Wednesday, March 18th. Finally, Wall Street Zen downgraded shares of Slide Insurance from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.80.

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.