Slide Insurance (NASDAQ:SLDE) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Slide Insurance (NASDAQ:SLDE - Free Report) to a hold rating in a report published on Saturday.

Slide Insurance Price Performance

Shares of NASDAQ:SLDE traded down $0.37 on Friday, hitting $19.10. The company's stock had a trading volume of 358,858 shares, compared to its average volume of 2,172,312. Slide Insurance has a 12 month low of $18.54 and a 12 month high of $25.90.

Insider Transactions at Slide Insurance

In other news, Director Stephen L. Rohde sold 11,082 shares of the company's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $15.81, for a total value of $175,206.42. Following the completion of the sale, the director owned 9,335 shares in the company, valued at $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 is available through this link. Also, Director Robert Gries, Jr. sold 358,457 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $15.81, for a total value of $5,667,205.17. Following the transaction, the director directly owned 2,031,265 shares of the company's stock, valued at $32,114,299.65. This represents a 15.00% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 427,482 shares of company stock valued at $6,758,490.

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”).