Slide Insurance (NASDAQ:SLDE) COO Shannon Lucas Sells 9,763 Shares
by Teresa Graham · The Cerbat GemSlide Insurance Holdings, Inc. (NASDAQ:SLDE – Get Free Report) COO Shannon Lucas sold 9,763 shares of Slide Insurance stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $18.44, for a total value of $180,029.72. Following the completion of the transaction, the chief operating officer directly owned 1,553,108 shares in the company, valued at approximately $28,639,311.52. This represents a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shannon Lucas also recently made the following trade(s):
- On Monday, March 16th, Shannon Lucas sold 22,500 shares of Slide Insurance stock. The shares were sold at an average price of $18.13, for a total transaction 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 transaction 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 transaction of $213,291.00.
- On Friday, March 6th, Shannon Lucas sold 23,884 shares of Slide Insurance stock. The stock was sold at an average price of $18.59, for a total transaction of $444,003.56.
- On Thursday, March 5th, Shannon Lucas sold 17,075 shares of Slide Insurance stock. The stock was sold at an average price of $19.37, for a total transaction of $330,742.75.
Slide Insurance Trading Down 2.7%
SLDE stock traded down $0.49 during midday trading on Wednesday, hitting $17.75. The stock had a trading volume of 2,532,975 shares, compared to its average volume of 2,236,213. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.03. The firm has a market cap of $2.21 billion and a P/E ratio of 6.88. The business has a fifty day moving average price of $17.38 and a two-hundred day moving average price of $16.63. Slide Insurance Holdings, Inc. has a 1-year low of $12.53 and a 1-year high of $25.90.
Slide Insurance (NASDAQ:SLDE – Get Free Report) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.36. The business had revenue of $347.01 million for the quarter.
Institutional Trading of Slide Insurance
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. American Century Companies Inc. acquired a new position in Slide Insurance during the second quarter worth $56,229,000. Raymond James Financial Inc. acquired a new position in shares of Slide Insurance during the second quarter valued at about $33,063,000. Capital World Investors increased its position in shares of Slide Insurance by 49.4% during the third quarter. Capital World Investors now owns 4,483,180 shares of the company’s stock worth $70,767,000 after acquiring an additional 1,483,180 shares in the last quarter. Hood River Capital Management LLC bought a new stake in shares of Slide Insurance during the second quarter worth about $31,542,000. Finally, Balyasny Asset Management L.P. raised its holdings in shares of Slide Insurance by 314.8% in the 3rd quarter. Balyasny Asset Management L.P. now owns 1,378,054 shares of the company’s stock worth $21,753,000 after acquiring an additional 1,045,826 shares during the last quarter.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the company. Zacks Research downgraded Slide Insurance from a “strong-buy” rating to a “hold” rating in a report on Monday, February 16th. Piper Sandler raised their price objective on shares of Slide Insurance from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Slide Insurance in a research note on Friday, December 26th. Barclays boosted their target price on shares of Slide Insurance from $25.00 to $29.00 and gave the company an “overweight” rating in a research report on Wednesday, February 25th. Finally, Keefe, Bruyette & Woods raised 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. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Slide Insurance presently has an average rating of “Moderate Buy” and an average target price of $24.40.
Read Our Latest Stock Analysis on Slide Insurance
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.