Slide Insurance (NASDAQ:SLDE) Insider Matthew Paul Larson Sells 8,750 Shares of Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) insider Matthew Paul Larson sold 8,750 shares of the firm’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $19.00, for a total value of $166,250.00. Following the transaction, the insider directly owned 8,750 shares of the company’s stock, valued at $166,250. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Matthew Paul Larson also recently made the following trade(s):

• On Monday, April 20th, Matthew Paul Larson sold 11,250 shares of Slide Insurance stock. The stock was sold at an average price of $19.39, for a total transaction of $218,137.50.
• On Monday, April 13th, Matthew Paul Larson sold 10,000 shares of Slide Insurance stock. The shares were sold at an average price of $18.00, for a total transaction of $180,000.00.
• On Monday, April 6th, Matthew Paul Larson sold 11,250 shares of Slide Insurance stock. The stock was sold at an average price of $18.00, for a total transaction of $202,500.00.
• On Monday, March 30th, Matthew Paul Larson sold 11,250 shares of Slide Insurance stock. The stock was sold at an average price of $18.00, for a total transaction of $202,500.00.
• On Tuesday, March 24th, Matthew Paul Larson sold 11,250 shares of Slide Insurance stock. The shares were sold at an average price of $18.00, for a total transaction of $202,500.00.
• On Tuesday, March 3rd, Matthew Paul Larson sold 11,250 shares of Slide Insurance stock. The shares were sold at an average price of $19.01, for a total transaction of $213,862.50.

Slide Insurance Stock Performance

Shares of SLDE opened at $18.98 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.03. The stock has a market cap of $2.36 billion and a P/E ratio of 7.36. The business’s 50 day moving average price is $17.92 and its 200-day moving average price is $17.25. Slide Insurance Holdings, Inc. has a 52 week low of $12.53 and a 52 week high of $25.90.

Slide Insurance (NASDAQ:SLDE) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.36. The company had revenue of $347.01 million for the quarter. Equities research analysts anticipate that Slide Insurance Holdings, Inc. will post 3.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SLDE. Geode Capital Management LLC purchased a new stake in Slide Insurance in the second quarter worth approximately $2,245,000. Legal & General Group Plc purchased a new stake in Slide Insurance during the 2nd quarter valued at $216,000. Norges Bank purchased a new stake in Slide Insurance during the 2nd quarter valued at $866,000. Marshall Wace LLP bought a new position in shares of Slide Insurance during the 2nd quarter valued at $1,056,000. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Slide Insurance in the 2nd quarter worth $834,000.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SLDE shares. Keefe, Bruyette & Woods upped their target price on shares of Slide Insurance from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday, March 9th. Zacks Research upgraded shares of Slide Insurance from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 17th. Wall Street Zen cut Slide Insurance from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Barclays lifted their target price on Slide Insurance from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Finally, Texas Capital upgraded Slide Insurance to a “strong-buy” rating in a research note on Wednesday, March 18th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Slide Insurance currently has an average rating of “Buy” and an average target price 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.