Slide Insurance (NASDAQ:SLDE) COO Shannon Lucas Sells 25,621 Shares

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) COO Shannon Lucas sold 25,621 shares of the business’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $18.05, for a total transaction of $462,459.05. Following the transaction, the chief operating officer directly owned 1,401,448 shares in the company, valued at approximately $25,296,136.40. The trade was a 1.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• 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 transaction of $216,264.08.
• On Tuesday, April 7th, Shannon Lucas sold 11,283 shares of Slide Insurance stock. The stock was 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 value of $242,207.01.
• On Wednesday, April 1st, Shannon Lucas sold 868 shares of Slide Insurance stock. The stock was sold at an average price of $18.01, for a total value of $15,632.68.
• On Tuesday, March 31st, Shannon Lucas sold 24,429 shares of Slide Insurance stock. The stock was sold at an average price of $18.10, for a total value of $442,164.90.
• On Tuesday, March 17th, Shannon Lucas sold 9,763 shares of Slide Insurance stock. The shares were sold at an average price of $18.44, for a total value of $180,029.72.
• 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 value 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 value of $4,703.40.

Slide Insurance Stock Performance

Shares of SLDE opened at $18.05 on Tuesday. The business’s 50 day moving average is $17.76 and its two-hundred day moving average is $17.12. Slide Insurance Holdings, Inc. has a 52-week low of $12.53 and a 52-week high of $25.90. The firm has a market cap of $2.24 billion and a price-to-earnings ratio of 7.00. 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 (NASDAQ:SLDE) last released 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 company had revenue of $347.01 million for the quarter.

Institutional Trading of Slide Insurance

Institutional investors have recently added to or reduced their stakes in the business. Great Lakes Advisors LLC bought a new position in shares of Slide Insurance in the 3rd quarter worth about $3,113,000. HB Wealth Management LLC bought a new stake in shares of Slide Insurance during the 3rd quarter valued at about $955,000. Cyndeo Wealth Partners LLC bought a new stake in shares of Slide Insurance during the 4th quarter valued at about $2,235,000. Federated Hermes Inc. acquired a new stake in Slide Insurance during the third quarter worth about $9,471,000. Finally, Quantbot Technologies LP acquired a new stake in Slide Insurance during the third quarter worth about $871,000.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on SLDE shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Slide Insurance in a report on Friday, December 26th. 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 note on Wednesday, February 25th. Keefe, Bruyette & Woods lifted their price target on Slide Insurance from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday, March 9th. Wall Street Zen lowered Slide Insurance from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Piper Sandler upped their price objective on Slide Insurance from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $24.40.

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.