Key Points
- COO Shannon Lucas sold 11,700 shares on Mar. 9 at an average of $18.23 for $213,291 and sold a total of 52,659 shares across Mar. 5–9 for about $988k, leaving her with 1,597,341 shares valued at roughly $29.12M (a ~0.73% stake reduction).
- Combined insider selling — CEO Bruce Lucas sold 532,437 shares and the COO sold 52,659 shares — totaled about 585,096 shares (~$11M), likely adding supply pressure on the stock, even as Slide reported an EPS beat and analysts hold a consensus "Moderate Buy" with an average target of $24.40.
Slide Insurance Holdings, Inc. (NASDAQ:SLDE - Get Free Report) COO Shannon Lucas sold 11,700 shares of Slide Insurance stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $18.23, for a total value of $213,291.00. Following the transaction, the chief operating officer owned 1,597,341 shares of the company's stock, valued at approximately $29,119,526.43. This represents a 0.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
Shannon Lucas also recently made the following trade(s):
- On Friday, March 6th, Shannon Lucas sold 23,884 shares of Slide Insurance stock. The stock was 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 shares were sold at an average price of $19.37, for a total transaction of $330,742.75.
Slide Insurance Stock Performance
Shares of NASDAQ SLDE opened at $17.70 on Tuesday. The company has a market capitalization of $2.20 billion and a PE ratio of 6.86. 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 company's fifty day moving average price is $17.55 and its 200 day moving average price is $16.45. Slide Insurance Holdings, Inc. has a 1 year low of $12.53 and a 1 year high of $25.90.
Slide Insurance (NASDAQ:SLDE - Get Free Report) last released its quarterly earnings data on Tuesday, February 24th. The company reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.87 by $0.36. The firm had revenue of $347.01 million during the quarter.
Hedge Funds Weigh In On Slide Insurance
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Capital World Investors grew its stake in Slide Insurance by 49.4% during the 3rd quarter. Capital World Investors now owns 4,483,180 shares of the company's stock valued at $70,767,000 after acquiring an additional 1,483,180 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Slide Insurance by 14.7% during the 4th quarter. Vanguard Group Inc. now owns 2,761,819 shares of the company's stock worth $53,800,000 after purchasing an additional 354,321 shares during the last quarter. American Century Companies Inc. purchased a new stake in shares of Slide Insurance in the second quarter valued at approximately $56,229,000. Balyasny Asset Management L.P. grew its position in shares of Slide Insurance by 27.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,758,215 shares of the company's stock valued at $34,250,000 after purchasing an additional 380,161 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Slide Insurance in the second quarter valued at approximately $33,063,000.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on SLDE. Zacks Research downgraded Slide Insurance from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 16th. Piper Sandler upped their price objective on shares of Slide Insurance from $22.00 to $24.00 and gave the stock an "overweight" rating in a research report on Thursday, February 26th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Slide Insurance in a research report on Friday, December 26th. Keefe, Bruyette & Woods upped their price target on shares of Slide Insurance from $22.00 to $23.00 and gave the stock an "outperform" rating in a research report on Monday. Finally, Morgan Stanley lifted their price objective on Slide Insurance from $18.00 to $21.00 and gave the stock an "overweight" rating in a report on Monday, November 17th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $24.40.
View Our Latest Stock Analysis on SLDE
Trending Headlines about Slide Insurance
Here are the key news stories impacting Slide Insurance this week:
- Positive Sentiment: Keefe, Bruyette & Woods raised its price target on SLDE to $23 (from $22) and kept an "outperform" rating — implying roughly 30% upside from current levels. This is a formal analyst endorsement that could support the stock over the medium term. Benzinga
- Neutral Sentiment: An industry comparison piece contrasts Slide Insurance with peers (Exzeo Group), useful for relative-value context but not a direct catalyst. Watch for peer moves and sector flows. Comparing Exzeo Group & Slide Insurance
- Negative Sentiment: Insider selling: CEO Bruce Lucas sold a total of 532,437 shares across Mar 5–9 (about $9.99M in proceeds) and COO Shannon Lucas sold 52,659 shares (about $0.99M). Combined insider sales ≈585,096 shares (~$11M). While each sale reduced holdings by only ~0.3–1.5% and both executives still hold large stakes, the concentrated, high-dollar selling likely increased supply and pressured the stock today. SEC filings: CEO CEO Filing; COO COO Filing
Slide Insurance Company Profile
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Get Free Report)
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.
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