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Lemonade (NYSE:LMND), the $3.1 billion insurtech company whose stock has surged 177% over the past year, reported that Chief Financial Officer Timothy E Bixby sold 11,000 shares of common stock on June 23, 2025, at a price of $43.36, totaling $476,960. According to InvestingPro data, the stock has shown significant volatility and gained nearly 11% in the past week alone. The sale was executed under a Rule 10b5-1 trading plan adopted on December 12, 2024.
On the same day, Bixby also exercised stock options to acquire 11,000 shares of Lemonade common stock at a price of $23.69, amounting to $260,590.
Following these transactions, Bixby directly owns 263,393 shares of Lemonade, Inc. common stock. Additionally, Bixby indirectly owns 30,000 shares through the Timothy E. Bixby Family Trust, for which he serves as Co-Trustee. Despite strong market performance, Lemonade reported a loss per share of $3.03 over the last twelve months, with analysts not expecting profitability this year.
In other recent news, Lemonade Inc . reported impressive financial results for the first quarter of 2025, exceeding expectations in both earnings and revenue. The company posted an earnings per share (EPS) of -$0.86, surpassing the forecast of -$0.92, and achieved revenue of $151.2 million, which was above the anticipated $145.92 million. JMP analysts maintained their positive outlook on Lemonade, reiterating a Market Outperform rating with a $60 price target, following the company’s strong quarterly performance. The firm’s adjusted gross profit reached $46 million, outperforming both JMP’s estimate and the consensus. In-force premium growth was notable, with a 27% year-on-year increase, and projections indicate further acceleration. Lemonade’s auto insurance product, Lemonade Car, showed significant growth, with cross-sales doubling compared to the previous quarter. The company continues to maintain a robust cash position with $996 million in reserves. Lemonade’s strategic use of telematics in its auto insurance offering is driving higher conversion rates and has contributed to the company’s expansion into new markets.
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