Bruce Lucas Sells 227,500 Shares of Slide Insurance (NASDAQ:SLDE) Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) CEO Bruce Lucas sold 227,500 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $18.13, for a total value of $4,124,575.00. Following the completion of the sale, the chief executive officer owned 38,994,033 shares of the company’s stock, valued at approximately $706,961,818.29. This trade represents a 0.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Tuesday, March 17th, Bruce Lucas sold 98,716 shares of Slide Insurance stock. The stock was sold at an average price of $18.44, for a total transaction of $1,820,323.04.
• On Wednesday, March 11th, Bruce Lucas sold 2,730 shares of Slide Insurance stock. The stock was sold at an average price of $17.42, for a total transaction of $47,556.60.
• On Monday, March 9th, Bruce Lucas sold 118,300 shares of Slide Insurance stock. The shares were sold at an average price of $18.23, for a total transaction of $2,156,609.00.
• On Friday, March 6th, Bruce Lucas sold 241,493 shares of Slide Insurance stock. The stock was sold at an average price of $18.59, for a total transaction of $4,489,354.87.
• On Thursday, March 5th, Bruce Lucas sold 172,644 shares of Slide Insurance stock. The stock was sold at an average price of $19.37, for a total transaction of $3,344,114.28.

Slide Insurance Price Performance

SLDE opened at $17.30 on Friday. Slide Insurance Holdings, Inc. has a one year low of $12.53 and a one year high of $25.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.34 and a quick ratio of 1.34. The company’s 50 day simple moving average is $17.35 and its 200-day simple moving average is $16.64. The stock has a market capitalization of $2.15 billion and a P/E ratio of 6.71.

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, beating analysts’ consensus estimates of $0.87 by $0.36. The company had revenue of $347.01 million during the quarter.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. American Century Companies Inc. acquired a new stake in shares of Slide Insurance during the second quarter worth $56,229,000. Raymond James Financial Inc. acquired a new position in Slide Insurance in the second quarter valued at about $33,063,000. Capital World Investors lifted its stake in Slide Insurance by 49.4% in the third quarter. Capital World Investors now owns 4,483,180 shares of the company’s stock valued at $70,767,000 after buying an additional 1,483,180 shares during the period. Hood River Capital Management LLC bought a new position in Slide Insurance during the second quarter worth about $31,542,000. Finally, Balyasny Asset Management L.P. grew its position in shares of Slide Insurance by 314.8% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,378,054 shares of the company’s stock worth $21,753,000 after buying an additional 1,045,826 shares during the period.

Key Slide Insurance News

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

• Positive Sentiment: Analyst upgrades and price‑target increases — Zacks upgraded SLDE to a “strong‑buy” and Keefe, Bruyette & Woods raised its target, reflecting stronger analyst conviction that can attract buying interest. Zacks.com Keefe Bruyette Price Target
• Positive Sentiment: Consensus upside and fundamentals — Street coverage shows an implied ~36% upside vs. current levels and SLDE recently beat quarterly EPS ($1.23 vs. $0.87) on $347M revenue, which supports higher targets and momentum flows. Zacks Upside Note MarketBeat Company Page
• Neutral Sentiment: Peer/sector comparison pieces provide relative valuation context but aren’t immediate catalysts; useful for longer‑term allocation decisions. Exzeo vs Slide Analysis
• Negative Sentiment: Heavy 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 a director also sold shares. These sizable disposals (while insiders still retain large stakes) are the most likely proximate cause of today’s weakness. SEC Filing (Bruce Lucas) InsiderTrades Summary

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.