Anastasios Omiridis Sells 9,000 Shares of Slide Insurance (NASDAQ:SLDE) Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) CFO Anastasios Omiridis sold 9,000 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $18.55, for a total transaction of $166,950.00. Following the completion of the sale, the chief financial officer owned 330 shares of the company’s stock, valued at $6,121.50. This trade represents a 96.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Slide Insurance Trading Up 1.0%

NASDAQ SLDE opened at $18.61 on Wednesday. The company has a quick ratio of 1.34, a current ratio of 1.33 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $2.13 billion and a P/E ratio of 5.17. Slide Insurance Holdings, Inc. has a 52-week low of $12.53 and a 52-week high of $25.90. The firm has a 50-day moving average price of $18.23 and a 200 day moving average price of $17.44.

Slide Insurance (NASDAQ:SLDE) last released its earnings results on Tuesday, April 28th. The company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.20. The company had revenue of $389.28 million for the quarter. Slide Insurance had a return on equity of 48.38% and a net margin of 38.86%. Equities research analysts expect that Slide Insurance Holdings, Inc. will post 3.36 EPS for the current year.

Slide Insurance declared that its Board of Directors has authorized a share buyback program on Tuesday, April 28th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to purchase up to 4.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SLDE shares. 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. Zacks Research downgraded shares of Slide Insurance from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Barclays raised their target price on shares of Slide Insurance from $29.00 to $31.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Texas Capital upgraded Slide Insurance to a “strong-buy” rating in a report on Wednesday, March 18th. Finally, Keefe, Bruyette & Woods raised their price objective on Slide Insurance from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Monday, March 9th. One investment 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. According to data from MarketBeat.com, Slide Insurance presently has a consensus rating of “Moderate Buy” and an average target price of $24.80.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC purchased a new stake in shares of Slide Insurance in the second quarter worth about $2,245,000. Legal & General Group Plc acquired a new stake in Slide Insurance in the second quarter valued at approximately $216,000. Norges Bank purchased a new stake in shares of Slide Insurance during the second quarter valued at approximately $866,000. Marshall Wace LLP acquired a new position in shares of Slide Insurance during the second quarter worth $1,056,000. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Slide Insurance in the second quarter valued at $834,000.

More Slide Insurance News

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

About Slide Insurance

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.