Shannon Lucas Sells 22,500 Shares of Slide Insurance (NASDAQ:SLDE) Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) COO Shannon Lucas sold 22,500 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $18.13, for a total transaction of $407,925.00. Following the completion of the sale, the chief operating officer directly owned 1,562,871 shares of the company’s stock, valued at $28,334,851.23. The trade was a 1.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• 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 transaction of $180,029.72.
• 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 stock was 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 shares were 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 Trading Down 2.5%

Slide Insurance stock opened at $17.30 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. The firm has a market cap of $2.15 billion and a price-to-earnings ratio of 6.71. Slide Insurance Holdings, Inc. has a 1 year low of $12.53 and a 1 year high of $25.90. The firm’s 50 day moving average price is $17.35 and its two-hundred day moving average price is $16.64.

Slide Insurance (NASDAQ:SLDE) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $1.23 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.

Key Stories Impacting Slide Insurance

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

Institutional Trading of Slide Insurance

Several hedge funds and other institutional investors have recently modified their holdings of the business. Comerica Bank grew its holdings in shares of Slide Insurance by 3,462.2% during the fourth quarter. Comerica Bank now owns 1,318 shares of the company’s stock valued at $26,000 after buying an additional 1,281 shares in the last quarter. CWM LLC purchased a new stake in Slide Insurance in the 4th quarter worth about $35,000. Ameritas Investment Partners Inc. acquired a new stake in Slide Insurance during the 3rd quarter worth about $35,000. Aster Capital Management DIFC Ltd acquired a new stake in Slide Insurance during the 4th quarter worth about $47,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in Slide Insurance by 4,839.2% during 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

Several brokerages have recently commented on SLDE. Barclays upped their target price on Slide Insurance from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Piper Sandler boosted their price objective on Slide Insurance from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Keefe, Bruyette & Woods upped their price objective on shares of Slide Insurance from $22.00 to $23.00 and gave the company 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. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Slide Insurance in a research report on Friday, December 26th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus 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.