Slide Insurance (NASDAQ:SLDE) CEO Sells $1,268,830.40 in Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) CEO Bruce Lucas sold 67,205 shares of Slide Insurance stock in a transaction on Monday, May 4th. The shares were sold at an average price of $18.88, for a total transaction of $1,268,830.40. Following the completion of the transaction, the chief executive officer owned 36,418,363 shares in the company, valued at approximately $687,578,693.44. This trade represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Bruce Lucas also recently made the following trade(s):

• On Friday, May 1st, Bruce Lucas sold 85,436 shares of Slide Insurance stock. The shares were sold at an average price of $18.77, for a total transaction of $1,603,633.72.
• On Wednesday, April 29th, Bruce Lucas sold 191,276 shares of Slide Insurance stock. The shares were sold at an average price of $19.24, for a total transaction of $3,680,150.24.
• On Tuesday, April 28th, Bruce Lucas sold 154,207 shares of Slide Insurance stock. The shares were sold at an average price of $18.94, for a total transaction of $2,920,680.58.
• On Monday, April 27th, Bruce Lucas sold 136,500 shares of Slide Insurance stock. The shares were sold at an average price of $18.75, for a total transaction of $2,559,375.00.
• On Monday, April 20th, Bruce Lucas sold 118,055 shares of Slide Insurance stock. The shares were sold at an average price of $19.55, for a total transaction of $2,307,975.25.
• On Tuesday, April 14th, Bruce Lucas sold 190,836 shares of Slide Insurance stock. The shares were sold at an average price of $18.04, for a total transaction of $3,442,681.44.
• On Monday, April 13th, Bruce Lucas sold 259,055 shares of Slide Insurance stock. The shares were sold at an average price of $18.05, for a total transaction of $4,675,942.75.
• On Thursday, April 9th, Bruce Lucas sold 273,702 shares of Slide Insurance stock. The shares were sold at an average price of $18.11, for a total transaction of $4,956,743.22.
• On Wednesday, April 8th, Bruce Lucas sold 121,414 shares of Slide Insurance stock. The shares were sold at an average price of $18.01, for a total value of $2,186,666.14.
• On Tuesday, April 7th, Bruce Lucas sold 114,077 shares of Slide Insurance stock. The shares were sold at an average price of $18.00, for a total value of $2,053,386.00.

Slide Insurance Price Performance

Slide Insurance stock opened at $18.74 on Thursday. Slide Insurance Holdings, Inc. has a one year low of $12.53 and a one year high of $25.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.34 and a current ratio of 1.33. The business has a fifty day moving average of $18.27 and a two-hundred day moving average of $17.47. The company has a market cap of $2.15 billion and a P/E ratio of 5.21.

Slide Insurance (NASDAQ:SLDE) last released its earnings results on Tuesday, April 28th. The company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.20. Slide Insurance had a return on equity of 48.38% and a net margin of 38.86%.The company had revenue of $389.28 million during the quarter. As a group, analysts predict that Slide Insurance Holdings, Inc. will post 3.51 earnings per share for the current fiscal year.

Slide Insurance announced that its board has approved a share repurchase plan on Tuesday, April 28th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to buy up to 4.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on SLDE shares. Texas Capital raised Slide Insurance to a “strong-buy” rating in a report on Wednesday, March 18th. Barclays raised their target price on Slide Insurance from $29.00 to $31.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Keefe, Bruyette & Woods raised their target price on Slide Insurance from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, March 9th. Wall Street Zen downgraded Slide Insurance from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Finally, Zacks Research downgraded Slide Insurance from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $24.80.

More Slide Insurance News

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

• Positive Sentiment: Slide reported strong Q1 results (EPS beat, high ROE and margins) and the board authorized a $100M share buyback (≈4.3% of shares), both of which support EPS accretion and investor sentiment. MarketBeat: Slide Insurance profile & earnings
• Positive Sentiment: Slide launched an excess & surplus (E&S) homeowners program in California, expanding addressable markets in a high-demand coastal state and adding a new growth vector. Slide Insurance Expands Homeowners Coverage to California
• Positive Sentiment: Analyst coverage remains constructive: several firms have raised price targets (Barclays, Piper, Keefe) and Zacks highlights a consensus target implying ~35% upside — this analyst optimism helps underpin the stock. Zacks: 35.25% upside note
• Positive Sentiment: Zacks included SLDE on its May 6 “Best Value Stocks” list (Zacks Rank #1), which can attract value-focused flows and short-term buying interest. Zacks Rank #1 inclusion
• Neutral Sentiment: Fundamental write-ups (e.g., Seeking Alpha) highlight attractive growth, low valuation (low P/E, strong ROE) but flag concentrated geographic/weather risk (Florida) — a mixed view that supports long-term thesis but notes risk. Seeking Alpha: growth vs weather risk
• Neutral Sentiment: Small institutional position changes have been reported (modest buys), but no large directional block trades yet — watch for trend changes in fund flows. Institutional holdings summary
• Negative Sentiment: Significant insider selling this week: CEO Bruce Lucas sold large blocks across May 1 and May 4 (total ≈152k shares), a visible supply signal that can pressure sentiment despite being a small % of his total holdings. SEC Filing
• Negative Sentiment: COO Shannon Lucas and other senior insiders have executed multiple sales totaling tens of thousands of shares in recent weeks, adding to near-term selling pressure. SEC Filing: Shannon Lucas sales
• Negative Sentiment: CFO Anastasios Omiridis sold 9,000 shares on May 4 and now holds only 330 shares (a >96% reduction) — a notable drop in executive ownership that some investors may view as an alignment/governance concern. SEC Filing: CFO sale
• Negative Sentiment: Additional disclosed insider sales (directors and other executives) increase near-term supply; watch volume and whether buyback activity offsets selling. InsiderTrades summary

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SLDE. Geode Capital Management LLC acquired a new position in shares of Slide Insurance during the 2nd quarter worth $2,245,000. Legal & General Group Plc acquired a new position in shares of Slide Insurance during the 2nd quarter worth $216,000. Norges Bank acquired a new position in shares of Slide Insurance during the 2nd quarter worth $866,000. Marshall Wace LLP acquired a new position in shares of Slide Insurance during the 2nd quarter worth $1,056,000. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Slide Insurance during the 2nd quarter worth $834,000.

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.