Slide Insurance (NASDAQ:SLDE) Director Andrew Pardo Wright Sells 6,316 Shares

May 12, 2026 by InsiderTrades.com

Key Points

CEO Bruce Lucas sold 173,317 shares of Slide Insurance at an average price of $18.81, totaling about $3.26 million, and his stake fell by 0.48%. The filing adds to a series of recent insider sales by Lucas.
Slide Insurance reported strong quarterly results, posting EPS of $1.02 versus analyst expectations of $0.82 on revenue of $389.28 million. The company also showed high profitability, with a 48.38% return on equity and a 38.86% net margin.
The company announced a $100 million share repurchase program authorized to buy back up to 4.3% of outstanding shares. Analysts remain generally positive, with a consensus “Moderate Buy” rating and an average price target of $24.80.

Slide Insurance Holdings, Inc. (NASDAQ:SLDE - Get Free Report) Director Andrew Pardo Wright sold 6,316 shares of the company's stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $18.90, for a total transaction of $119,372.40. Following the completion of the sale, the director directly owned 100,086 shares in the company, valued at $1,891,625.40. This represents a 5.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Andrew Pardo Wright also recently made the following trade(s):

On Friday, May 1st, Andrew Pardo Wright sold 15,000 shares of Slide Insurance stock. The shares were sold at an average price of $18.75, for a total transaction of $281,250.00.

Slide Insurance Stock Up 0.5%

SLDE stock opened at $18.56 on Tuesday. Slide Insurance Holdings, Inc. has a twelve month low of $12.53 and a twelve month high of $25.90. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average of $18.25 and a 200 day moving average of $17.55. The firm has a market cap of $2.13 billion and a PE ratio of 5.16.

Slide Insurance (NASDAQ:SLDE - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.20. The firm had revenue of $389.28 million during the quarter. Slide Insurance had a return on equity of 48.38% and a net margin of 38.86%. On average, research analysts forecast that Slide Insurance Holdings, Inc. will post 3.51 EPS for the current fiscal year.

Slide Insurance declared that its Board of Directors has authorized a share repurchase program on Tuesday, April 28th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to repurchase up to 4.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

Several research firms have recently weighed in on SLDE. Piper Sandler boosted their price objective on shares of Slide Insurance from $22.00 to $24.00 and gave the company an "overweight" rating in a report on Thursday, February 26th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Slide Insurance in a research note on Wednesday, May 6th. 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 report on Monday, March 9th. Texas Capital raised Slide Insurance to a "strong-buy" rating in a report on Wednesday, March 18th. Finally, Barclays increased their price objective on shares of Slide Insurance from $29.00 to $31.00 and gave the company an "overweight" rating in a report on Wednesday, April 29th. One 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 company's stock. Based on data from MarketBeat.com, Slide Insurance has a consensus rating of "Moderate Buy" and an average target price of $24.80.

Read Our Latest Stock Report on Slide Insurance

Key Stories Impacting Slide Insurance

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

Negative Sentiment: CEO Bruce Lucas sold 91,000 shares at an average price of $18.76, trimming his stake by 0.25%. Large CEO selling can weigh on investor sentiment because it may signal limited near-term upside. SEC filing
Negative Sentiment: Bruce Lucas also sold 173,317 shares earlier in the week at $18.81, adding to the impression that top executives are reducing exposure after the stock’s recent run. SEC filing
Negative Sentiment: COO Shannon Lucas sold 9,000 shares at $18.76 and separately sold 17,141 shares at $18.81, while director Andrew Pardo Wright sold 6,316 shares at $18.90. Multiple insider sales in a short period can pressure sentiment, even if the amounts are relatively small versus the company’s ownership base. SEC filing
Neutral Sentiment: Short interest was reported at 0 shares, so there is no meaningful bearish short positioning data to point to right now. Related article

Hedge Funds Weigh In On Slide Insurance

Large investors have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in shares of Slide Insurance during the second quarter valued at approximately $33,063,000. Capital World Investors grew its position in shares of Slide Insurance by 49.4% during the 3rd quarter. Capital World Investors now owns 4,483,180 shares of the company's stock worth $70,767,000 after buying an additional 1,483,180 shares in the last quarter. Balyasny Asset Management L.P. increased its position in Slide Insurance by 314.8% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,378,054 shares of the company's stock valued at $21,753,000 after purchasing an additional 1,045,826 shares during the period. HB Wealth Management LLC increased its holdings in Slide Insurance by 1,375.7% during the fourth quarter. HB Wealth Management LLC now owns 892,586 shares of the company's stock valued at $17,388,000 after buying an additional 832,102 shares during the period. Finally, Lazard Asset Management LLC purchased a new position in shares of Slide Insurance in the 4th quarter valued at $13,016,000.

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.