Insider Selling: Slide Insurance (NASDAQ:SLDE) Director Sells 15,000 Shares of Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) Director Andrew Pardo Wright sold 15,000 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $18.75, for a total transaction of $281,250.00. Following the completion of the sale, the director directly owned 206,837 shares in the company, valued at approximately $3,878,193.75. The trade was a 6.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Slide Insurance Stock Performance

NASDAQ:SLDE traded up $0.18 during mid-day trading on Tuesday, hitting $18.61. The company’s stock had a trading volume of 1,657,715 shares, compared to its average volume of 1,755,847. Slide Insurance Holdings, Inc. has a 1 year low of $12.53 and a 1 year high of $25.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.33 and a quick ratio of 1.34. The stock has a market cap of $2.13 billion and a price-to-earnings ratio of 5.17. The business’s fifty day moving average is $18.23 and its two-hundred day moving average is $17.44.

Slide Insurance (NASDAQ:SLDE) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.82 by $0.20. Slide Insurance had a net margin of 38.86% and a return on equity of 48.38%. The company had revenue of $389.28 million for the quarter. Analysts anticipate that Slide Insurance Holdings, Inc. will post 3.36 EPS for the current fiscal year.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Comerica Bank raised its position in shares of Slide Insurance by 3,462.2% during the 4th quarter. Comerica Bank now owns 1,318 shares of the company’s stock worth $26,000 after purchasing an additional 1,281 shares during the last quarter. CWM LLC acquired a new position in shares of Slide Insurance during the 4th 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 acquired a new position in shares of Slide Insurance during the 4th quarter worth about $47,000. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Slide Insurance by 4,839.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,519 shares of the company’s stock worth $49,000 after purchasing an additional 2,468 shares during the last quarter.

Key Stories Impacting Slide Insurance

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

• Positive Sentiment: Slide launched an excess & surplus (E&S) homeowners program in California to address a shrinking market and expand its coastal-specialty footprint — a clear growth and market-share move for a high-demand state. Slide Insurance Expands Homeowners Coverage to California
• Positive Sentiment: Recent quarterly results and capital actions support valuation: Slide beat EPS estimates and reported strong margins/ROE, and management authorized a $100M buyback (represents roughly ~4% of shares) — both are constructive for earnings per share and investor sentiment. MarketBeat: Slide Insurance profile & earnings
• Positive Sentiment: Analyst coverage remains largely bullish with several firms raising price targets (e.g., Barclays raised its PT), supporting a consensus “Moderate Buy” view and a mid-$20s target. Analyst notes
• Neutral Sentiment: Some institutional flows show modest adjustments (small buys by a few funds) — not large enough to materially shift control but worth monitoring for trend changes. Institutional holdings summary
• Negative Sentiment: CEO Bruce Lucas sold large blocks across May 1 and May 4 (total ~152k shares, proceeds ≈ $2.9M) — a sizeable, disclosed insider sale that can raise short-term investor concern. SEC Filing
• Negative Sentiment: COO Shannon Lucas has been selling repeatedly in recent weeks (multiple transactions totaling tens of thousands of shares), trimming her stake — adds to the week’s insider selling signal. SEC Filing
• Negative Sentiment: CFO Anastasios Omiridis sold 9,000 shares on May 4 and now holds only 330 shares (a >96% reduction) — a sharp decline in CFO ownership that some investors may view as a governance/alignment concern. SEC Filing
• Negative Sentiment: Additional insider selling (e.g., Charles William Powell) further increases supply pressure and may weigh on near-term sentiment. Article: Powell Sells Shares

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SLDE shares. Piper Sandler upped 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. Texas Capital upgraded shares of Slide Insurance to a “strong-buy” rating in a research report on Wednesday, March 18th. Zacks Research downgraded shares of Slide Insurance from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Wall Street Zen downgraded shares of Slide Insurance from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, Keefe, Bruyette & Woods upped their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.80.

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.