Shannon Lucas Sells 18,874 Shares of Slide Insurance (NASDAQ:SLDE) Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE - Get Free Report) COO Shannon Lucas sold 18,874 shares of the stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $18.04, for a total transaction of $340,486.96. Following the sale, the chief operating officer directly owned 1,382,574 shares of the company's stock, valued at $24,941,634.96. This represents a 1.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 transaction of $462,459.05.
• 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 shares were 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 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 shares were 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 value of $407,925.00.

Slide Insurance Price Performance

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NASDAQ:SLDE opened at $18.99 on Friday. Slide Insurance Holdings, Inc. has a 52-week low of $12.53 and a 52-week high of $25.90. The company has a market cap of $2.36 billion and a P/E ratio of 7.36. 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 stock's 50-day simple moving average is $17.84 and its 200 day simple moving average is $17.16.

Slide Insurance (NASDAQ:SLDE - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $347.01 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SLDE. Hsbc Holdings PLC purchased a new position in Slide Insurance in the fourth quarter valued at approximately $382,000. World Investment Advisors purchased a new stake in Slide Insurance during the 4th quarter worth about $1,964,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Slide Insurance by 4,839.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,519 shares of the company's stock valued at $49,000 after acquiring an additional 2,468 shares during the period. Invesco Ltd. grew its stake in Slide Insurance by 35.1% during the fourth quarter. Invesco Ltd. now owns 20,066 shares of the company's stock valued at $391,000 after acquiring an additional 5,212 shares in the last quarter. Finally, Vident Advisory LLC bought a new stake in Slide Insurance during the 4th quarter worth approximately $859,000.

Trending Headlines about Slide Insurance

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

• Positive Sentiment: Analysts remain constructive — multiple firms have raised price targets and the consensus rating is "Buy" with a $24.40 average target, supporting upside expectations for SLDE. Analyst Consensus and Upgrades
• Positive Sentiment: Recent quarterly results showed an earnings beat (reported $1.23 EPS vs. $0.87 consensus) and solid revenue, giving fundamental support for the stock rally. Quarterly Earnings and Market Data
• Neutral Sentiment: Institutional activity is mixed but modest — a number of small hedge funds and asset managers have initiated or slightly increased positions, which is incremental support but not a large flow driver. Institutional Holdings
• Neutral Sentiment: Basic financials remain solid (low leverage, current/quick ratios ~1.34, P/E in single digits) — these metrics underpin the buy-side narrative but are not new catalysts. Company Ratios and Profile
• Negative Sentiment: Significant insider selling by CEO Bruce Lucas — 190,836 shares sold at ~$18.04 (~$3.44M); cumulative recent filings show larger CEO sell activity that can weigh on sentiment given his large overall stake. Bruce Lucas SEC Filing
• Negative Sentiment: COO Shannon Lucas sold 18,874 shares at ~$18.04 (~$340k), a small but visible insider sale disclosed to the SEC. Shannon Lucas SEC Filing
• Negative Sentiment: Other insiders (Matthew Paul Larson) continue a pattern of periodic sales (10,000 shares at $18.00; prior recurring small sales), which may signal management liquidity-taking rather than confidence-buying. InsiderTrades Alert

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Barclays lifted their price objective on shares of Slide Insurance from $25.00 to $29.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 25th. Texas Capital raised Slide Insurance to a "strong-buy" rating in a report on Wednesday, March 18th. Zacks Research raised shares of Slide Insurance from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 17th. Wall Street Zen cut shares of Slide Insurance from a "buy" rating to a "hold" rating in a report on Saturday, April 11th. Finally, Keefe, Bruyette & Woods raised 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. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $24.40.

Read Our Latest Stock Analysis on Slide Insurance

About Slide Insurance

(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.

Further Reading

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