Slide Insurance (NASDAQ:SLDE) CEO Bruce Lucas Sells 136,500 Shares

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) CEO Bruce Lucas sold 136,500 shares of the business’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $18.75, for a total value of $2,559,375.00. Following the completion of the sale, the chief executive officer owned 36,916,487 shares in the company, valued at $692,184,131.25. This represents a 0.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Wednesday, April 29th, Bruce Lucas sold 191,276 shares of Slide Insurance stock. The shares were sold at an average price of $19.24, for a total value of $3,680,150.24.
• On Tuesday, April 28th, Bruce Lucas sold 154,207 shares of Slide Insurance stock. The shares were sold at an average price of $18.94, for a total value of $2,920,680.58.
• On Monday, April 20th, Bruce Lucas sold 118,055 shares of Slide Insurance stock. The shares were sold at an average price of $19.55, for a total value of $2,307,975.25.
• On Tuesday, April 14th, Bruce Lucas sold 190,836 shares of Slide Insurance stock. The shares were sold at an average price of $18.04, for a total value of $3,442,681.44.
• On Monday, April 13th, Bruce Lucas sold 259,055 shares of Slide Insurance stock. The shares were sold at an average price of $18.05, for a total value of $4,675,942.75.
• On Thursday, April 9th, Bruce Lucas sold 273,702 shares of Slide Insurance stock. The shares were sold at an average price of $18.11, for a total value of $4,956,743.22.
• On Wednesday, April 8th, Bruce Lucas sold 121,414 shares of Slide Insurance stock. The shares were sold at an average price of $18.01, for a total value of $2,186,666.14.
• On Tuesday, April 7th, Bruce Lucas sold 114,077 shares of Slide Insurance stock. The shares were sold at an average price of $18.00, for a total value of $2,053,386.00.
• On Monday, April 6th, Bruce Lucas sold 136,500 shares of Slide Insurance stock. The shares were sold at an average price of $18.09, for a total value of $2,469,285.00.
• On Monday, March 30th, Bruce Lucas sold 135,376 shares of Slide Insurance stock. The shares were sold at an average price of $18.09, for a total value of $2,448,951.84.

Slide Insurance Trading Down 2.4%

Shares of SLDE stock traded down $0.46 on Wednesday, hitting $18.41. The stock had a trading volume of 5,351,137 shares, compared to its average volume of 1,700,785. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market capitalization of $2.29 billion and a P/E ratio of 5.11. Slide Insurance Holdings, Inc. has a 1 year low of $12.53 and a 1 year high of $25.90. The company’s 50 day moving average price is $18.16 and its 200-day moving average price is $17.38.

Slide Insurance (NASDAQ:SLDE) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.20. The firm had revenue of $389.28 million during the quarter. Analysts anticipate that Slide Insurance Holdings, Inc. will post 3.26 earnings per share for the current year.

Slide Insurance declared that its board has approved a stock buyback program on Tuesday, April 28th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to repurchase up to 4.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SLDE. Barclays boosted their target price on Slide Insurance from $29.00 to $31.00 and gave the stock an “overweight” rating in a research note on Wednesday. Zacks Research cut Slide Insurance from a “strong-buy” rating to a “hold” rating in a research note on Monday. Texas Capital raised Slide Insurance to a “strong-buy” rating in a research note on Wednesday, March 18th. Piper Sandler boosted their target price on Slide Insurance from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, February 26th. Finally, Wall Street Zen cut Slide Insurance from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $24.80.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Comerica Bank boosted its position in shares of Slide Insurance by 3,462.2% during the 4th quarter. Comerica Bank now owns 1,318 shares of the company’s stock worth $26,000 after acquiring an additional 1,281 shares in the last quarter. CWM LLC acquired a new position in shares of Slide Insurance during the 4th quarter worth about $35,000. Ameritas Investment Partners Inc. acquired a new position in shares of Slide Insurance during the 3rd quarter worth about $35,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Slide Insurance during the 4th quarter worth about $47,000. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of 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 worth $49,000 after acquiring an additional 2,468 shares in the last quarter.

Slide Insurance News Roundup

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

• Positive Sentiment: Slide reported a Q1 beat: $1.02 EPS vs. $0.82 expected, revenue of $389.3M, gross premiums written +49.1% YoY, net income +50.8% and combined ratio improved to 55.5% — a clear operational beat that supports higher intrinsic value. Q1 Press Release
• Positive Sentiment: The Board authorized a new $100 million 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 investor activity: David Einhorn has opened a new position in SLDE, which can attract attention from other institutional investors and boost confidence. Einhorn Position
• Neutral Sentiment: Local recognition: Slide was named a 2026 “Best Places to Work,” which is positive for recruitment/retention but unlikely to move the stock materially in the near term. Best Places to Work
• Negative Sentiment: Zacks downgraded SLDE from “strong-buy” to “hold,” which can trigger short-term selling and analyst re-assessments despite the quarter beat. Zacks Downgrade

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.