Insider Selling: Slide Insurance (NASDAQ:SLDE) COO Sells 13,500 Shares of Stock

Key Points

• COO Shannon Lucas executed large insider sales totaling 143,594 shares across multiple trades in March–April (including 13,500 on April 6) under a pre-arranged Rule 10b5-1 plan, generating roughly $2.61 million in proceeds.
• After the April 6 sale Lucas still owned 1,477,429 shares valued at about $26.7 million; that single transaction represented a 0.91% reduction in her ownership.
• Fundamentals and corporate actions remain supportive—Slide completed a $120 million share buyback, beat quarterly EPS ($1.23 vs. $0.87), and carries a consensus "Buy" target of $24.40—while trading around $18.10 with a market cap of ~$2.25 billion and a P/E near 7.

Slide Insurance Holdings, Inc. (NASDAQ:SLDE - Get Free Report) COO Shannon Lucas sold 13,500 shares of the business's stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $18.09, for a total value of $244,215.00. Following the completion of the sale, the chief operating officer owned 1,477,429 shares of the company's stock, valued at approximately $26,726,690.61. This trade represents a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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, March 30th, Shannon Lucas sold 13,389 shares of Slide Insurance stock. The stock was sold at an average price of $18.09, for a total value 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 value 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 value of $442,164.90.
• On Tuesday, March 17th, Shannon Lucas sold 9,763 shares of Slide Insurance stock. The stock was sold at an average price of $18.44, for a total value of $180,029.72.
• On Monday, March 16th, Shannon Lucas sold 22,500 shares of Slide Insurance stock. The stock was sold at an average price of $18.13, for a total value 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 value of $4,703.40.
• On Monday, March 9th, Shannon Lucas sold 11,700 shares of Slide Insurance stock. The shares were sold at an average price of $18.23, for a total value of $213,291.00.
• On Friday, March 6th, Shannon Lucas sold 23,884 shares of Slide Insurance stock. The shares were sold at an average price of $18.59, for a total value of $444,003.56.

Slide Insurance Stock Performance

Shares of SLDE traded up $0.15 on Wednesday, reaching $18.10. 1,399,943 shares of the stock traded hands, compared to its average volume of 2,671,868. The firm has a market cap of $2.25 billion and a price-to-earnings ratio of 7.02. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.34 and a quick ratio of 1.34. Slide Insurance Holdings, Inc. has a 12 month low of $12.53 and a 12 month high of $25.90. The stock's 50-day moving average price is $17.71 and its 200-day moving average price is $17.04.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.36. The firm had revenue of $347.01 million for the quarter.

Slide Insurance News Roundup

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

• Positive Sentiment: Company announced completion of a $120 million share buyback, which reduces share count and is typically supportive of EPS and the stock price. Slide Insurance (SLDE) Completes $120 Million Share Buyback
• Positive Sentiment: An analyst write-up (Zacks) highlighted SLDE as one of three mid-cap multi-line insurers with near-term upside potential, which can attract buyers and lift sentiment. Buy 3 Mid-Cap Multi-Line Insurance Stocks to Tap Solid Near-Term Upside
• Positive Sentiment: Recent fundamentals: SLDE reported a solid quarterly beat (Feb 24) with $1.23 EPS vs. $0.87 expected and strong revenue, which supports a higher valuation and investor confidence.
• Neutral Sentiment: Technical/valuation context — market cap roughly $2.25B, P/E ~7, and the stock sits near its 50- and 200-day moving averages; these metrics provide context but are not an immediate catalyst.
• Negative Sentiment: Multiple insider sales: CEO Bruce Lucas, COO Shannon Lucas, a director and another insider executed sizable stock sales April 6–8 (aggregating several hundred thousand shares sold at ~\$18). All trades were reported under pre-arranged Rule 10b5-1 plans (reduces suspicious timing concerns but still can weigh on sentiment when large insiders sell). SEC Filing — Bruce Lucas

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SLDE shares. Weiss Ratings reiterated a "hold (c-)" rating on shares of Slide Insurance in a research report on Friday, December 26th. Piper Sandler upped their price target on Slide Insurance from $22.00 to $24.00 and gave the company an "overweight" rating in a research report on Thursday, February 26th. Texas Capital upgraded Slide Insurance to a "strong-buy" rating in a research report on Wednesday, March 18th. Keefe, Bruyette & Woods upped their price target on Slide Insurance from $22.00 to $23.00 and gave the company an "outperform" rating in a research report on Monday, March 9th. Finally, Zacks Research upgraded Slide Insurance from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 17th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $24.40.

Institutional Trading of Slide Insurance

A number of large investors have recently bought and sold shares of the stock. Hsbc Holdings PLC bought a new stake in Slide Insurance in the fourth quarter valued at $382,000. World Investment Advisors acquired a new position in Slide Insurance in the fourth quarter worth $1,964,000. Caitong International Asset Management Co. Ltd boosted its stake in 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 worth $49,000 after purchasing an additional 2,468 shares in the last quarter. Invesco Ltd. boosted its stake in Slide Insurance by 35.1% in the fourth quarter. Invesco Ltd. now owns 20,066 shares of the company's stock worth $391,000 after purchasing an additional 5,212 shares in the last quarter. Finally, Vident Advisory LLC acquired a new position in Slide Insurance in the fourth quarter worth $859,000.

Slide Insurance Company Profile

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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