Andrew Pardo Wright Sells 15,000 Shares of Slide Insurance (NASDAQ:SLDE) Stock

Key Points

• Director sale: Director Andrew Pardo Wright sold 15,000 shares on May 1 at an average price of $18.75 for $281,250, trimming his stake by 6.76% to 206,837 shares (worth ~$3.88M).
• Strong quarter and buyback: Slide beat Q1 EPS estimates ($1.02 vs. $0.82), reported high margins and ROE, and its board authorized a $100 million repurchase program (≈4.3% of shares), supporting EPS and investor sentiment.
• Broader insider selling: Multiple senior executives (including CEO Bruce Lucas, COO Shannon Lucas and CFO Anastasios Omiridis) sold sizable blocks in early May — the CEO ~152k shares and the CFO reduced holdings by >96% — creating potential near-term sentiment pressure.

Slide Insurance Holdings, Inc. (NASDAQ:SLDE - Get Free Report) Director Andrew Pardo Wright sold 15,000 shares of the business's stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $18.75, for a total transaction of $281,250.00. Following the completion of the transaction, the director directly owned 206,837 shares of the company's stock, valued at $3,878,193.75. This trade represents a 6.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Slide Insurance Stock Up 1.0%

NASDAQ:SLDE traded up $0.18 during trading hours on Tuesday, reaching $18.61. The company's stock had a trading volume of 1,657,715 shares, compared to its average volume of 1,755,847. The company has a market capitalization of $2.13 billion and a P/E ratio of 5.17. Slide Insurance Holdings, Inc. has a 12 month low of $12.53 and a 12 month high of $25.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.34 and a current ratio of 1.33. The stock has a 50 day moving average price of $18.23 and a two-hundred day moving average price of $17.44.

Slide Insurance (NASDAQ:SLDE - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.20. The company had revenue of $389.28 million during the quarter. Slide Insurance had a net margin of 38.86% and a return on equity of 48.38%. Equities analysts predict that Slide Insurance Holdings, Inc. will post 3.36 EPS for the current fiscal year.

Slide Insurance declared that its board has initiated a stock buyback program on Tuesday, April 28th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's management believes its shares are undervalued.

Institutional Investors Weigh In On Slide Insurance

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

Key Stories Impacting Slide Insurance

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

• Positive Sentiment: Slide launched an excess & surplus (E&S) homeowners program in California to address a shrinking market and expand its coastal-specialty footprint — a clear growth and market-share move for a high-demand state. Slide Insurance Expands Homeowners Coverage to California
• Positive Sentiment: Recent quarterly results and capital actions support valuation: Slide beat EPS estimates and reported strong margins/ROE, and management authorized a $100M buyback (represents roughly ~4% of shares) — both are constructive for earnings per share and investor sentiment. MarketBeat: Slide Insurance profile & earnings
• Positive Sentiment: Analyst coverage remains largely bullish with several firms raising price targets (e.g., Barclays raised its PT), supporting a consensus “Moderate Buy” view and a mid-$20s target. Analyst notes
• Neutral Sentiment: Some institutional flows show modest adjustments (small buys by a few funds) — not large enough to materially shift control but worth monitoring for trend changes. Institutional holdings summary
• Negative Sentiment: CEO Bruce Lucas sold large blocks across May 1 and May 4 (total ~152k shares, proceeds ≈ $2.9M) — a sizeable, disclosed insider sale that can raise short-term investor concern. SEC Filing
• Negative Sentiment: COO Shannon Lucas has been selling repeatedly in recent weeks (multiple transactions totaling tens of thousands of shares), trimming her stake — adds to the week’s insider selling signal. SEC Filing
• Negative Sentiment: CFO Anastasios Omiridis sold 9,000 shares on May 4 and now holds only 330 shares (a >96% reduction) — a sharp decline in CFO ownership that some investors may view as a governance/alignment concern. SEC Filing
• Negative Sentiment: Additional insider selling (e.g., Charles William Powell) further increases supply pressure and may weigh on near-term sentiment. Article: Powell Sells Shares

Analyst Ratings Changes

Several research firms have issued reports on SLDE. Texas Capital raised shares of Slide Insurance to a "strong-buy" rating in a report on Wednesday, March 18th. Keefe, Bruyette & Woods lifted their price target on shares of Slide Insurance from $22.00 to $23.00 and gave the stock an "outperform" rating in a report on Monday, March 9th. Piper Sandler lifted their price target on shares of Slide Insurance from $22.00 to $24.00 and gave the stock an "overweight" rating in a report on Thursday, February 26th. Zacks Research lowered shares of Slide Insurance from a "strong-buy" rating to a "hold" rating in a report on Monday, April 27th. Finally, Wall Street Zen lowered shares of Slide Insurance from a "buy" rating to a "hold" rating in a report on Saturday, April 11th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $24.80.

About Slide Insurance

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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