Slide Insurance (NASDAQ:SLDE) Upgraded to Hold at Wall Street Zen

Slide Insurance (NASDAQ:SLDE) was upgraded by research analysts at Wall Street Zen to a “hold” rating in a report issued on Saturday.

Slide Insurance Stock Up 1.4%

Slide Insurance stock opened at $20.79 on Friday. Slide Insurance has a one year low of $19.11 and a one year high of $25.90.

Insider Activity at Slide Insurance

In other news, Director Robert Gries, Jr. sold 358,457 shares of Slide Insurance stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $15.81, for a total value of $5,667,205.17. Following the completion of the transaction, the director owned 2,031,265 shares of the company’s stock, valued at $32,114,299.65. This trade represents a 15.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Beth Witte Bruce sold 31,029 shares of Slide Insurance stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $15.81, for a total transaction of $490,568.49. Following the transaction, the director directly owned 251,645 shares of the company’s stock, valued at approximately $3,978,507.45. This trade represents a 10.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 427,482 shares of company stock valued at $6,758,490.

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”).