Slide Insurance (NASDAQ:SLDE) COO Shannon Lucas Sells 13,500 Shares

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) COO Shannon Lucas sold 13,500 shares of Slide Insurance stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $18.75, for a total value of $253,125.00. Following the completion of the transaction, the chief operating officer directly owned 1,357,398 shares in the company, valued at $25,451,212.50. This represents a 0.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, April 29th, Shannon Lucas sold 18,917 shares of Slide Insurance stock. The stock was sold at an average price of $19.24, for a total value of $363,963.08.
• On Tuesday, April 28th, Shannon Lucas sold 15,251 shares of Slide Insurance stock. The stock was sold at an average price of $18.94, for a total value of $288,853.94.
• On Monday, April 20th, Shannon Lucas sold 11,676 shares of Slide Insurance stock. The stock was sold at an average price of $19.55, for a total value of $228,265.80.
• On Tuesday, April 14th, Shannon Lucas sold 18,874 shares of Slide Insurance stock. The stock was sold at an average price of $18.04, for a total value of $340,486.96.
• On Monday, April 13th, Shannon Lucas sold 25,621 shares of Slide Insurance stock. The stock was sold at an average price of $18.05, for a total value of $462,459.05.
• On Thursday, April 9th, Shannon Lucas sold 27,069 shares of Slide Insurance stock. The stock was sold at an average price of $18.11, for a total value 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 value 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 value of $203,094.00.
• On Monday, April 6th, Shannon Lucas sold 13,500 shares of Slide Insurance stock. The stock was sold at an average price of $18.09, for a total value of $244,215.00.
• On Monday, March 30th, Shannon Lucas sold 13,389 shares of Slide Insurance stock. The stock was sold at an average price of $18.09, for a total value of $242,207.01.

Slide Insurance Trading Down 2.4%

Shares of SLDE opened at $18.41 on Thursday. Slide Insurance Holdings, Inc. has a 1-year low of $12.53 and a 1-year high of $25.90. The stock has a market capitalization of $2.29 billion and a P/E ratio of 5.11. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.03. The business’s 50-day moving average price is $18.16 and its 200 day moving average price is $17.38.

Slide Insurance (NASDAQ:SLDE) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.20. The business had revenue of $389.28 million for the quarter. Analysts expect that Slide Insurance Holdings, Inc. will post 3.26 earnings per share for the current year.

Slide Insurance announced that its Board of Directors has approved a share buyback program on Tuesday, April 28th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to purchase up to 4.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages have commented on SLDE. Piper Sandler raised their price objective on Slide Insurance from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. Barclays raised their price objective on Slide Insurance from $29.00 to $31.00 and gave the stock an “overweight” rating in a research report on Wednesday. Wall Street Zen lowered Slide Insurance from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Keefe, Bruyette & Woods raised their price objective on Slide Insurance from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, March 9th. Finally, Texas Capital upgraded Slide Insurance to a “strong-buy” rating in a research report on Wednesday, March 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.80.

Slide Insurance News Summary

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

• Positive Sentiment: Slide beat Q1 expectations: $1.02 EPS vs. $0.82 expected, revenue of $389.3M, gross premiums written +49.1% YoY, net income +50.8% and a 55.5% combined ratio — a clear operational outperformance that supports valuation. Q1 Press Release
• Positive Sentiment: The board approved a $100M share repurchase program (up to ~4.3% of shares outstanding), which is typically supportive of the stock and signals management believes shares are undervalued. Repurchase Announcement
• Positive Sentiment: Notable institutional interest: David Einhorn opened a new position and several large funds have recently increased holdings — institutional buying can attract further investor attention. Einhorn Position
• Neutral Sentiment: Local recognition as a 2026 “Best Places to Work” — positive for talent retention but unlikely to move the stock materially in the near term. Best Places to Work
• Negative Sentiment: Significant insider selling: CEO Bruce Lucas and COO Shannon Lucas executed multiple large sales over April (totaling millions of dollars and several hundred thousand shares across days). Heavy, repeated insider disposals can signal liquidity needs or prompt investor caution and likely put near-term downward pressure on the share price. Insider Trades Alert
• Negative Sentiment: Zacks downgraded SLDE from “strong-buy” to “hold,” which can trigger short-term selling by momentum investors despite the quarter beat. Zacks Downgrade

Institutional Investors Weigh In On Slide Insurance

Institutional investors have recently made changes to their positions in the company. Great Lakes Advisors LLC acquired a new stake in shares of Slide Insurance during the 3rd quarter valued at about $3,113,000. HB Wealth Management LLC acquired a new stake in shares of Slide Insurance during the 3rd quarter valued at about $955,000. Cyndeo Wealth Partners LLC acquired 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 shares of Slide Insurance during the 3rd quarter valued at about $9,471,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Slide Insurance during the 3rd quarter valued at about $871,000.

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.