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John Sheldon Peters, Chief Insurance Officer at Lemonade, Inc. (NYSE:LMND), sold 6,543 shares of common stock on June 23, 2025, at a price of $45.0, totaling $294,435. The sale was executed under a Rule 10b5-1 trading plan adopted August 30, 2024. The transaction comes as Lemonade, now valued at $3.07 billion, has delivered an impressive 177% return over the past year, according to InvestingPro data.
On the same day, Peters also exercised options to acquire 6,543 shares of Lemonade common stock at an exercise price of $5.26, for a total value of $34,416. These options were fully vested and exercisable.
Following these transactions, Peters directly owns 106,115 shares of Lemonade, Inc. common stock. He also directly holds 28,457 stock options.
In other recent news, Lemonade Inc . reported strong financial results for the first quarter of 2025, exceeding both earnings and revenue expectations. The company achieved an earnings per share of -$0.86, surpassing the forecast of -$0.92, while revenue reached $151.2 million, above the anticipated $145.92 million. Lemonade’s in-force premium grew by 27% year-on-year, with gross earned premium up by 24% to $234 million. Analysts at JMP maintained a Market Outperform rating for Lemonade, with a $60 price target, highlighting the company’s significant operating leverage improvements and growth trajectory. Lemonade Car, the company’s auto insurance offering, showed promising growth, expanding into new markets and contributing to the company’s overall performance. JMP analysts also noted the unique use of telematics by Lemonade to enhance conversion rates in its auto insurance segment. Lemonade continues to hold a strong cash position with $996 million in reserves, and the company expects to achieve EBITDA breakeven by the end of 2026. The company remains focused on leveraging AI for operational efficiency and strategic growth, particularly in the car insurance sector.
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