Insider Selling: Slide Insurance (NASDAQ:SLDE) COO Sells $442,164.90 in Stock

by · The Cerbat Gem

Slide Insurance Holdings, Inc. (NASDAQ:SLDE – Get Free Report) COO Shannon Lucas sold 24,429 shares of the company’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $18.10, for a total value of $442,164.90. Following the completion of the transaction, the chief operating officer owned 1,491,797 shares in the company, valued at $27,001,525.70. This represents a 1.61% decrease in their position. The sale 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 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 transaction of $242,207.01.
  • On Wednesday, April 1st, Shannon Lucas sold 868 shares of Slide Insurance stock. The shares were sold at an average price of $18.01, for a total transaction of $15,632.68.
  • On Tuesday, March 17th, Shannon Lucas sold 9,763 shares of Slide Insurance stock. The shares were sold at an average price of $18.44, for a total transaction 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 transaction of $407,925.00.
  • On Wednesday, March 11th, Shannon Lucas sold 270 shares of Slide Insurance stock. The shares were 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 Price Performance

Shares of NASDAQ:SLDE opened at $18.00 on Friday. The firm has a market cap of $2.24 billion and a price-to-earnings ratio of 6.98. Slide Insurance Holdings, Inc. has a 1 year low of $12.53 and a 1 year high of $25.90. 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 business has a fifty day simple moving average of $17.58 and a 200 day simple moving average of $16.95.

Slide Insurance (NASDAQ:SLDE – Get Free Report) last issued its earnings results on Tuesday, February 24th. The company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.36. The firm had revenue of $347.01 million during the quarter.

Wall Street Analysts Forecast Growth

Several research firms have commented on SLDE. Keefe, Bruyette & Woods boosted their target price on shares of Slide Insurance from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, March 9th. Piper Sandler lifted their price objective on shares of Slide Insurance from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. Zacks Research upgraded shares of Slide Insurance from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Slide Insurance in a report on Friday, December 26th. Finally, Barclays boosted their price target on Slide Insurance from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $24.40.

Read Our Latest Report on SLDE

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Comerica Bank boosted its holdings in Slide Insurance by 3,462.2% during the fourth quarter. Comerica Bank now owns 1,318 shares of the company’s stock valued at $26,000 after acquiring an additional 1,281 shares during the period. CWM LLC bought a new position in shares of Slide Insurance in the fourth quarter worth about $35,000. Ameritas Investment Partners Inc. acquired a new position in shares of Slide Insurance during the 3rd quarter worth about $35,000. Aster Capital Management DIFC Ltd bought a new stake in Slide Insurance during the 4th quarter valued at approximately $47,000. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of 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 valued at $49,000 after acquiring an additional 2,468 shares during the period.

More Slide Insurance News

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

  • Positive Sentiment: Analysts and research houses have pushed price targets higher and maintained a bullish consensus (MarketBeat notes several upgrades and an average target ~ $24.40), which supports demand / valuation sentiment. MarketBeat — SLDE analyst coverage
  • Positive Sentiment: Institutional investors have been adding to positions (Capital World Investors, Vanguard, Balyasny and others increased or initiated stakes), a sign of confidence from large, longer-term holders that can underpin the share price. MarketBeat — institutional holdings
  • Positive Sentiment: Fundamentals: Slide reported a strong February-quarter earnings beat (EPS $1.23 vs. $0.87 estimate) and solid revenue, which gives traders a fundamental rationale to buy ahead of the April quarter update. MarketBeat — earnings summary
  • Neutral Sentiment: Near-term catalyst — Slide will report 2026 Q1 results after the close on April 28; that event may drive volatility and could swing sentiment depending on guidance and loss ratio trends. GlobeNewswire — Q1 release date
  • Negative Sentiment: CEO Bruce Lucas executed large sales across March 30–31 and April 1 (aggregate ~391k shares, ~$7.1M at ~ $18.09 avg), creating a sizable near-term increase in sell-side supply that markets often view negatively. SEC filing — Bruce Lucas sales
  • Negative Sentiment: COO Shannon Lucas sold multiple blocks in March–April (aggregate ~38.7k shares, ~ $700k), a clustered insider selling pattern that can weigh on near-term sentiment despite her retaining a large stake. SEC filing — Shannon Lucas sales
  • Negative Sentiment: Other insider sales: Matthew Paul Larson sold 11,250 shares (~$202.5k at $18), adding to the week’s pattern of insider exits. Clustered insider selling often triggers short-term caution even when sales may be for diversification or liquidity. SEC filing — Matthew Paul Larson

About Slide Insurance

(Get Free Report)

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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