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Adina Eckstein, Chief Operating Officer of Lemonade, Inc. (NYSE:LMND), a $3.1 billion insurtech company, sold 5,000 shares of common stock at a price of $45 on June 23, 2025, for a total of $225,000. The sale, executed under a Rule 10b5-1 trading plan adopted on December 5, 2024, comes as the stock has gained 177% over the past year. According to InvestingPro, the stock is currently trading near its Fair Value.
On the same day, Eckstein also exercised options to acquire 5,000 shares of Lemonade common stock at a price of $23.69, totaling $118,450.
Following these transactions, Eckstein directly owns 189,653 shares of Lemonade, Inc.
In other recent news, Lemonade Inc . reported strong financial results for the first quarter of 2025, surpassing expectations for both earnings and revenue. The company posted a loss per share of -$0.86, beating the forecast of -$0.92, while revenue reached $151.2 million, exceeding the anticipated $145.92 million. JMP analysts maintained a positive outlook on Lemonade, reiterating a Market Outperform rating with a $60 price target, following the company’s impressive earnings performance. Lemonade’s adjusted gross profit stood at $46 million, outperforming analyst estimates and consensus forecasts. The company’s In-Force Premium (IFP) grew by 27% year-on-year, with Lemonade Car showing significant growth and expansion into new markets. Lemonade continues to maintain a strong cash position with $996 million in reserves. Additionally, the company’s strategic use of telematics in its auto insurance offering has resulted in higher conversion rates and a doubling of cross-sales compared to the previous quarter. These developments signal continued confidence in Lemonade’s growth trajectory and operational strategy.
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