Slide Insurance (NASDAQ:SLDE) Insider Sells $180,000.00 in Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) insider Matthew Paul Larson sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $18.00, for a total transaction of $180,000.00. Following the transaction, the insider directly owned 10,000 shares of the company’s stock, valued at $180,000. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Matthew Paul Larson also recently made the following trade(s):

• On Monday, April 6th, Matthew Paul Larson sold 11,250 shares of Slide Insurance stock. The stock was sold at an average price of $18.00, for a total transaction of $202,500.00.
• On Monday, March 30th, Matthew Paul Larson sold 11,250 shares of Slide Insurance stock. The stock was sold at an average price of $18.00, for a total transaction of $202,500.00.
• On Tuesday, March 24th, Matthew Paul Larson sold 11,250 shares of Slide Insurance stock. The stock was sold at an average price of $18.00, for a total transaction of $202,500.00.
• On Tuesday, March 3rd, Matthew Paul Larson sold 11,250 shares of Slide Insurance stock. The shares were sold at an average price of $19.01, for a total transaction of $213,862.50.

Slide Insurance Stock Performance

Shares of NASDAQ:SLDE traded up $0.48 during trading on Wednesday, hitting $18.39. 1,530,400 shares of the stock traded hands, compared to its average volume of 2,244,203. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.03. The company has a market cap of $2.29 billion and a price-to-earnings ratio of 7.13. The company has a fifty day moving average price of $17.81 and a two-hundred day moving average price of $17.15. Slide Insurance Holdings, Inc. has a 52-week low of $12.53 and a 52-week high of $25.90.

Slide Insurance (NASDAQ:SLDE) last posted its earnings results on Tuesday, February 24th. The company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.36. The firm had revenue of $347.01 million for the quarter.

Institutional Investors Weigh In On Slide Insurance

A number of institutional investors have recently added to or reduced their stakes in SLDE. Comerica Bank grew its stake in Slide Insurance by 3,462.2% in the 4th 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 acquired a new stake in Slide Insurance in the 4th quarter valued at $35,000. Ameritas Investment Partners Inc. acquired a new stake in Slide Insurance in the 3rd quarter valued at $35,000. Aster Capital Management DIFC Ltd acquired a new stake in Slide Insurance in the 4th quarter valued at $47,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in Slide Insurance by 4,839.2% in the 4th 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.

Analyst Upgrades and Downgrades

SLDE has been the subject of several recent research reports. Piper Sandler lifted their target price on shares of Slide Insurance from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. Barclays lifted their target price on shares of Slide Insurance from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Texas Capital raised shares of Slide Insurance to a “strong-buy” rating in a report on Wednesday, March 18th. Zacks Research raised shares of Slide Insurance from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 17th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Slide Insurance from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, March 9th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Slide Insurance has an average rating of “Buy” and a consensus price target of $24.40.

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.