Bruce Lucas Sells 114,077 Shares of Slide Insurance (NASDAQ:SLDE) Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) CEO Bruce Lucas sold 114,077 shares of the business’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $18.00, for a total value of $2,053,386.00. Following the transaction, the chief executive officer owned 38,016,049 shares of the company’s stock, valued at $684,288,882. This trade represents a 0.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 8th, Bruce Lucas sold 121,414 shares of Slide Insurance stock. The stock was sold at an average price of $18.01, for a total value of $2,186,666.14.
• On Monday, April 6th, Bruce Lucas sold 136,500 shares of Slide Insurance stock. The stock was sold at an average price of $18.09, for a total value of $2,469,285.00.
• On Monday, March 30th, Bruce Lucas sold 135,376 shares of Slide Insurance stock. The stock was sold at an average price of $18.09, for a total value of $2,448,951.84.
• On Wednesday, April 1st, Bruce Lucas sold 8,771 shares of Slide Insurance stock. The stock was sold at an average price of $18.01, for a total value of $157,965.71.
• On Tuesday, March 31st, Bruce Lucas sold 247,008 shares of Slide Insurance stock. The stock was sold at an average price of $18.10, for a total value of $4,470,844.80.
• On Thursday, March 26th, Bruce Lucas sold 178,733 shares of Slide Insurance stock. The stock was sold at an average price of $18.04, for a total value of $3,224,343.32.
• 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 value of $1,820,323.04.
• On Monday, March 16th, Bruce Lucas sold 227,500 shares of Slide Insurance stock. The stock was sold at an average price of $18.13, for a total value of $4,124,575.00.
• 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 value of $47,556.60.
• On Monday, March 9th, Bruce Lucas sold 118,300 shares of Slide Insurance stock. The stock was sold at an average price of $18.23, for a total value of $2,156,609.00.

Slide Insurance Trading Down 1.8%

Shares of SLDE stock opened at $17.78 on Friday. 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 1 year low of $12.53 and a 1 year high of $25.90. The stock has a fifty day moving average of $17.73 and a two-hundred day moving average of $17.04. The firm has a market capitalization of $2.21 billion and a PE ratio of 6.89.

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

Wall Street Analyst Weigh In

SLDE has been the subject of several research analyst reports. Zacks Research upgraded Slide Insurance from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Slide Insurance in a report on Friday, December 26th. Piper Sandler upped their price objective on Slide Insurance from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. Barclays upped their price objective on Slide Insurance from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Finally, Keefe, Bruyette & Woods upped their price objective on Slide Insurance from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, March 9th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Slide Insurance currently has an average rating of “Buy” and an average target price of $24.40.

Key Stories Impacting Slide Insurance

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

• Positive Sentiment: Company completed a $120 million share buyback — reduces share count and typically supports EPS and near-term stock demand. Slide Insurance (SLDE) Completes $120 Million Share Buyback
• Positive Sentiment: Recent quarterly results showed a material beat (reported $1.23 EPS vs. $0.87 expected and solid revenue), reinforcing fundamentals that can support valuation and buying interest.
• Positive Sentiment: Analysts and market write-ups are bullish — several firms raised targets and ratings (Barclays, Piper Sandler, KBW) and Zacks highlighted SLDE as a mid-cap insurer with near-term upside, which can attract momentum buyers. Zacks: Buy 3 Mid-Cap Multi-Line Insurance Stocks
• Neutral Sentiment: Valuation/technical context — market cap ~ $2.2–2.25B, P/E ~7, and the stock sits near its 50- and 200-day moving averages; useful context but not an immediate catalyst.
• Neutral Sentiment: Minor institutional activity reported (small new/adjusted stakes by several funds) — doesn’t represent large directional flows at this time.
• Negative Sentiment: Significant insider selling April 6–8: CEO Bruce Lucas (multiple blocks totaling hundreds of thousands of shares), COO Shannon Lucas, a director and another insider each sold sizeable positions at ~\$18 per share. All trades were executed under pre-arranged Rule 10b5-1 plans — which lowers timing-suspicion but the aggregate volume can still weigh on short-term sentiment. SEC Filing — Bruce Lucas

Institutional Investors Weigh In On Slide Insurance

A number of institutional investors and hedge funds have recently modified their holdings of SLDE. Geode Capital Management LLC acquired a new stake in shares of Slide Insurance during the second quarter worth $2,245,000. Legal & General Group Plc acquired a new stake in shares of Slide Insurance during the second quarter worth $216,000. Norges Bank acquired a new stake in shares of Slide Insurance during the second quarter worth $866,000. Walleye Capital LLC acquired a new stake in shares of Slide Insurance during the second quarter worth $1,069,000. Finally, Marshall Wace LLP acquired a new stake in shares of Slide Insurance during the second quarter worth $1,056,000.

About Slide Insurance

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.