Insider Selling: Slide Insurance (NASDAQ:SLDE) Director Sells $97,500.00 in Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) Director Stephen Rohde sold 5,000 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $19.50, for a total transaction of $97,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Slide Insurance Stock Performance

Shares of NASDAQ:SLDE opened at $18.48 on Friday. The firm has a fifty day simple moving average of $17.59 and a two-hundred day simple moving average of $16.42. Slide Insurance Holdings, Inc. has a 52 week low of $12.53 and a 52 week high of $25.90. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $2.30 billion and a P/E ratio of 7.16.

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

Hedge Funds Weigh In On Slide Insurance

A number of hedge funds and other institutional investors have recently made changes to their positions in SLDE. Comerica Bank increased its stake in shares of 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 buying an additional 1,281 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Slide Insurance by 11.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,019 shares of the company’s stock worth $313,000 after acquiring an additional 1,704 shares in the last quarter. CWM LLC bought a new position in Slide Insurance during the 4th quarter worth about $35,000. Ameritas Investment Partners Inc. purchased a new position in Slide Insurance during the 3rd quarter valued at about $35,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Slide Insurance in the 4th quarter valued at about $47,000.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Barclays increased their target price on Slide Insurance from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th. Morgan Stanley boosted their target price on shares of Slide Insurance from $18.00 to $21.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Slide Insurance in a report on Friday, December 26th. Piper Sandler raised their price target on shares of Slide Insurance from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, February 26th. Finally, Zacks Research lowered shares of Slide Insurance from a “strong-buy” rating to a “hold” rating in a report on Monday, February 16th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Slide Insurance has a consensus rating of “Moderate Buy” and a consensus target price of $24.20.

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.