Slide Insurance (NASDAQ:SLDE) Reaches New 12-Month Low - What's Next?

Slide Insurance Holdings, Inc. (NASDAQ:SLDE - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $18.54 and last traded at $18.84, with a volume of 60276 shares traded. The stock had previously closed at $19.47.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Slide Insurance to a "hold" rating in a research note on Saturday, July 5th.

Slide Insurance Stock Up 1.2%

Insider Buying and Selling

In other Slide Insurance news, Director Stephen L. Rohde sold 11,082 shares of the company's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $15.81, for a total transaction of $175,206.42. Following the transaction, the director directly owned 9,335 shares in the company, valued at approximately $147,586.35. This represents a 54.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert Gries, Jr. sold 358,457 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $15.81, for a total transaction of $5,667,205.17. Following the completion of the sale, the director owned 2,031,265 shares in the company, valued at $32,114,299.65. This represents a 15.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 427,482 shares of company stock valued at $6,758,490 over the last ninety days.

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”).