Slide Insurance (NASDAQ:SLDE) COO Shannon Lucas Sells 9,763 Shares

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) COO Shannon Lucas sold 9,763 shares of Slide Insurance stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $18.44, for a total value of $180,029.72. Following the completion of the transaction, the chief operating officer directly owned 1,553,108 shares in the company, valued at approximately $28,639,311.52. This represents a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, March 16th, Shannon Lucas sold 22,500 shares of Slide Insurance stock. The shares were sold at an average price of $18.13, for a total transaction of $407,925.00.
• 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 shares were 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 transaction of $330,742.75.

Slide Insurance Price Performance

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

Slide Insurance (NASDAQ:SLDE) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.36. The business had revenue of $347.01 million for the quarter.

Institutional Trading of Slide Insurance

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Comerica Bank raised its holdings in Slide Insurance by 3,462.2% during the fourth quarter. Comerica Bank now owns 1,318 shares of the company’s stock worth $26,000 after buying an additional 1,281 shares during the last quarter. CWM LLC bought a new stake in shares of Slide Insurance during the fourth quarter worth about $35,000. Ameritas Investment Partners Inc. bought a new stake in shares of Slide Insurance during the third quarter worth about $35,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Slide Insurance in the 4th quarter worth about $47,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in Slide Insurance by 4,839.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,519 shares of the company’s stock valued at $49,000 after acquiring an additional 2,468 shares in the last quarter.

Analysts Set New Price Targets

SLDE has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Slide Insurance in a research note on Friday, December 26th. Barclays lifted their price objective on shares of Slide Insurance from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Wednesday, February 25th. Keefe, Bruyette & Woods boosted 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. Piper Sandler increased their target price 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. Finally, Zacks Research raised shares of Slide Insurance from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Slide Insurance currently has a consensus rating of “Buy” and an average target price of $24.40.

Key Headlines 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.