Slide Insurance (NASDAQ:SLDE) CRO Sells $375,021.69 in Stock

Key Points

• CRO Charles William Powell sold 18,723 shares at an average $20.03 for $375,021.69, cutting his direct stake by 90% to 2,080 shares, according to an SEC filing.
• Slide beat Q1 expectations, reporting $1.02 EPS versus $0.82 expected on $389.3M revenue, with a 38.9% net margin and a 50.0% return on equity.
• The board authorized a $100M stock buyback (≈4.3% of shares) even as multiple insiders, including the CEO and COO, executed large sales in late April, presenting mixed signals to investors.

Slide Insurance Holdings, Inc. (NASDAQ:SLDE - Get Free Report) CRO Charles William Powell sold 18,723 shares of the stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $20.03, for a total value of $375,021.69. Following the completion of the sale, the executive directly owned 2,080 shares of the company's stock, valued at $41,662.40. The trade was a 90.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Slide Insurance Stock Down 0.3%

NASDAQ:SLDE traded down $0.05 during trading hours on Friday, hitting $18.60. 2,120,433 shares of the company traded hands, compared to its average volume of 1,712,932. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.03. The company has a market cap of $2.13 billion and a PE ratio of 5.17. The firm's 50-day simple moving average is $18.19 and its 200-day simple moving average is $17.39. Slide Insurance Holdings, Inc. has a one year low of $12.53 and a one year high of $25.90.

Slide Insurance (NASDAQ:SLDE - Get Free Report) last posted its 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 net margin of 38.86% and a return on equity of 50.01%. Equities analysts predict that Slide Insurance Holdings, Inc. will post 3.26 earnings per share for the current year.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SLDE. Comerica Bank lifted its stake in Slide Insurance by 3,462.2% in the fourth quarter. Comerica Bank now owns 1,318 shares of the company's stock valued at $26,000 after purchasing an additional 1,281 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of Slide Insurance by 8.4% in the first quarter. Hsbc Holdings PLC now owns 21,251 shares of the company's stock valued at $384,000 after buying an additional 1,641 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Slide Insurance by 11.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,019 shares of the company's stock valued at $313,000 after buying an additional 1,704 shares during the last quarter. CWM LLC purchased a new position in shares of Slide Insurance during the 4th quarter valued at $35,000. Finally, Ameritas Investment Partners Inc. bought a new position in shares of Slide Insurance during the 3rd quarter worth $35,000.

Wall Street Analyst Weigh In

Several equities analysts have commented on SLDE shares. Texas Capital raised shares of Slide Insurance to a "strong-buy" rating in a research report on Wednesday, March 18th. Piper Sandler increased 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. Wall Street Zen lowered Slide Insurance from a "buy" rating to a "hold" rating in a report on Saturday, April 11th. Keefe, Bruyette & Woods upped their price objective on Slide Insurance from $22.00 to $23.00 and gave the company an "outperform" rating in a research note on Monday, March 9th. Finally, Barclays raised their target price on Slide Insurance from $29.00 to $31.00 and gave the company an "overweight" rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $24.80.

Key Stories Impacting Slide Insurance

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

• Positive Sentiment: Q1 beat: Slide reported $1.02 EPS vs. $0.82 expected and $389.3M revenue, showing strong premium growth and improved profitability — a clear operational upside supporting the stock. Earnings Call Transcript
• Positive Sentiment: Board authorized a $100M share repurchase program (≈4.3% of shares), a shareholder-friendly move that can boost EPS and signal management confidence. Repurchase Announcement
• Positive Sentiment: 2026 growth/guidance: Slide expects $1.85B–$1.95B in gross written premiums for 2026 and is arranging a ~ $3.5B first-event reinsurance tower — signals scale ambition and risk management as it grows. Guidance / Reinsurance
• Positive Sentiment: Institutional buying and new positions (including notable investors adding shares) suggest growing institutional conviction that could support demand. Institutional Interest
• Neutral Sentiment: Earnings call transcripts and management commentary are available for deeper diligence; the call provides color on reserve assumptions and reinsurance plans but no new surprise items. Earnings Call (Fool)
• Negative Sentiment: Heavy insider selling: CEO Bruce Lucas, COO Shannon Lucas and other insiders executed multiple large sales across late April (hundreds of thousands of shares across several tranches). Repeated, sizable disposals can create near-term selling pressure and raise investor caution. Bruce Lucas Sale
• Negative Sentiment: Analyst momentum: Zacks downgraded SLDE from “strong-buy” to “hold,” which may prompt short-term selling by momentum-driven funds despite the earnings beat. Zacks Downgrade

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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