Insider Selling: Slide Insurance (NASDAQ:SLDE) Insider Sells 11,250 Shares of Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) insider Matthew Paul Larson sold 11,250 shares of the business’s stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $18.00, for a total value of $202,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 value of $213,862.50.

Slide Insurance Stock Performance

Shares of SLDE traded up $0.02 during mid-day trading on Wednesday, reaching $17.77. 2,266,842 shares of the company’s stock were exchanged, compared to its average volume of 1,676,384. The business’s fifty day simple moving average is $17.32 and its 200-day simple moving average is $16.75. The stock has a market capitalization of $2.21 billion and a PE ratio of 6.89. Slide Insurance Holdings, Inc. has a 52-week low of $12.53 and a 52-week 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.

Slide Insurance (NASDAQ:SLDE) last released its quarterly earnings results on Tuesday, February 24th. The company reported $1.23 EPS for the quarter, beating the consensus estimate of $0.87 by $0.36. The business had revenue of $347.01 million during the quarter.

Institutional Trading of Slide Insurance

Hedge funds have recently made changes to their positions in the company. Comerica Bank raised its holdings in Slide Insurance by 3,462.2% during the fourth quarter. Comerica Bank now owns 1,318 shares of the company’s stock worth $26,000 after purchasing an additional 1,281 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Slide Insurance by 11.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,019 shares of the company’s stock valued at $313,000 after purchasing an additional 1,704 shares in the last quarter. CWM LLC purchased a new position in shares of Slide Insurance during the 4th quarter worth approximately $35,000. Ameritas Investment Partners Inc. purchased a new position in Slide Insurance in the third quarter worth $35,000. Finally, Aster Capital Management DIFC Ltd purchased a new position in Slide Insurance in the fourth quarter worth $47,000.

Analyst Upgrades and Downgrades

SLDE has been the subject of several recent research reports. Texas Capital upgraded shares of Slide Insurance to a “strong-buy” rating in a research note on Wednesday, March 18th. Piper Sandler boosted their price target on Slide Insurance from $22.00 to $24.00 and gave the company an “overweight” rating in a research 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 research note on Wednesday, February 25th. Zacks Research raised Slide Insurance from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 17th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Slide Insurance in a research note on Friday, December 26th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $24.40.

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.