Key Points
- Slide Insurance COO Shannon Lucas sold 25,621 shares on April 13 at $18.05 for $462,459 and, across multiple trades from March 11–April 13, sold about 160,700 shares for roughly $2.91 million, leaving her with 1,401,448 shares valued at about $25.3 million.
- The stock trades near $18.05 (50‑day MA $17.76, 200‑day MA $17.12) with a $2.24B market cap and a recent quarterly EPS beat ($1.23 vs. $0.87), and analysts have a consensus "Buy" rating with an average target of $24.40.
Slide Insurance Holdings, Inc. (NASDAQ:SLDE - Get Free Report) COO Shannon Lucas sold 25,621 shares of the stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $18.05, for a total value of $462,459.05. Following the sale, the chief operating officer owned 1,401,448 shares in the company, valued at $25,296,136.40. The trade was a 1.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Shannon Lucas also recently made the following trade(s):
- On Thursday, April 9th, Shannon Lucas sold 27,069 shares of Slide Insurance stock. The shares were 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 shares were 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 shares were sold at an average price of $18.09, for a total transaction of $242,207.01.
- On Wednesday, April 1st, Shannon Lucas sold 868 shares of Slide Insurance stock. The stock was sold at an average price of $18.01, for a total transaction of $15,632.68.
- On Tuesday, March 31st, Shannon Lucas sold 24,429 shares of Slide Insurance stock. The stock was sold at an average price of $18.10, for a total transaction of $442,164.90.
- 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 Monday, March 16th, Shannon Lucas sold 22,500 shares of Slide Insurance stock. The shares were sold at an average price of $18.13, for a total transaction of $407,925.00.
- 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.
Slide Insurance Price Performance
Shares of NASDAQ:SLDE opened at $18.05 on Tuesday. The firm's 50 day moving average is $17.76 and its two-hundred day moving average is $17.12. Slide Insurance Holdings, Inc. has a 52 week low of $12.53 and a 52 week high of $25.90. The firm has a market capitalization of $2.24 billion and a P/E ratio of 7.00. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.03.
Slide Insurance (NASDAQ:SLDE - Get Free Report) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.36. The business had revenue of $347.01 million for the quarter.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. Zacks Research raised Slide Insurance from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 17th. Keefe, Bruyette & Woods lifted 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. Texas Capital upgraded shares of Slide Insurance to a "strong-buy" rating in a research report on Wednesday, March 18th. Barclays raised their target price on shares of Slide Insurance from $25.00 to $29.00 and gave the company an "overweight" rating in a research note on Wednesday, February 25th. Finally, Wall Street Zen downgraded shares of Slide Insurance from a "buy" rating to a "hold" rating in a research report on Saturday. Two 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.com, Slide Insurance has a consensus rating of "Buy" and an average target price of $24.40.
Get Our Latest Analysis on Slide Insurance
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Great Lakes Advisors LLC bought a new position in shares of Slide Insurance during the 3rd quarter valued at about $3,113,000. HB Wealth Management LLC bought a new stake in shares of Slide Insurance in the 3rd quarter worth approximately $955,000. Federated Hermes Inc. acquired a new stake in Slide Insurance during the third quarter valued at approximately $9,471,000. Cyndeo Wealth Partners LLC acquired a new stake in Slide Insurance during the fourth quarter valued at approximately $2,235,000. Finally, Quantbot Technologies LP bought a new stake in Slide Insurance during the third quarter worth approximately $871,000.
Slide Insurance Company Profile
(
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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