Insider Selling: CLEAR Secure (NYSE:YOU) President Sells 22,885 Shares of Stock

CLEAR Secure, Inc. (NYSE:YOU) President Michael Barkin sold 22,885 shares of the business’s stock in a transaction that occurred on Sunday, March 1st. The shares were sold at an average price of $48.22, for a total value of $1,103,514.70. Following the completion of the sale, the president directly owned 5,669 shares in the company, valued at approximately $273,359.18. The trade was a 80.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

CLEAR Secure Stock Up 1.7%

NYSE:YOU traded up $0.82 during trading hours on Tuesday, reaching $48.86. 1,952,789 shares of the stock were exchanged, compared to its average volume of 2,060,039. CLEAR Secure, Inc. has a twelve month low of $23.00 and a twelve month high of $50.46. The business has a 50-day moving average of $35.53 and a two-hundred day moving average of $35.01. The company has a market capitalization of $6.51 billion, a price-to-earnings ratio of 43.63 and a beta of 1.13.

CLEAR Secure (NYSE:YOU) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. CLEAR Secure had a return on equity of 70.08% and a net margin of 12.12%.The firm had revenue of $240.75 million for the quarter, compared to the consensus estimate of $235.66 million. During the same quarter in the previous year, the business earned $0.91 EPS. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. On average, research analysts forecast that CLEAR Secure, Inc. will post 0.98 EPS for the current fiscal year.

CLEAR Secure Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be issued a $0.20 dividend. The ex-dividend date is Tuesday, March 10th. This represents a dividend yield of 129.0%. CLEAR Secure’s payout ratio is 44.64%.

Analyst Upgrades and Downgrades

YOU has been the subject of several research reports. Zacks Research downgraded shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Wells Fargo & Company increased their price target on CLEAR Secure from $29.00 to $33.00 and gave the company an “underweight” rating in a research report on Thursday, February 26th. The Goldman Sachs Group set a $61.00 price objective on CLEAR Secure and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Telsey Advisory Group upped their target price on shares of CLEAR Secure from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Finally, JPMorgan Chase & Co. raised their target price on shares of CLEAR Secure from $42.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $51.57.

Institutional Investors Weigh In On CLEAR Secure

Institutional investors have recently added to or reduced their stakes in the business. Durable Capital Partners LP increased its stake in CLEAR Secure by 153.1% in the second quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock valued at $207,932,000 after purchasing an additional 4,531,161 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of CLEAR Secure by 6,038.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,463,717 shares of the company’s stock valued at $48,859,000 after buying an additional 1,439,873 shares during the last quarter. Squarepoint Ops LLC raised its stake in CLEAR Secure by 4,573.0% during the 2nd quarter. Squarepoint Ops LLC now owns 929,033 shares of the company’s stock worth $25,790,000 after acquiring an additional 909,152 shares in the last quarter. Norges Bank purchased a new stake in CLEAR Secure in the fourth quarter valued at $29,500,000. Finally, First Trust Advisors LP boosted its stake in CLEAR Secure by 36.3% in the second quarter. First Trust Advisors LP now owns 3,027,758 shares of the company’s stock valued at $84,051,000 after acquiring an additional 805,795 shares in the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

About CLEAR Secure

CLEAR Secure, Inc operates a biometric identity platform designed to expedite identity verification for air travelers and venue guests. The company’s core offering is the CLEAR membership service, which uses fingerprint and iris scans to confirm a member’s identity and provide access to dedicated security lanes at participating airports. Members link government-issued IDs and personal biometric data via the CLEAR app, enabling faster processing through Transportation Security Administration (TSA) checkpoints and select event entrances.

Founded in 2010 by Caryn Seidman‐Becker and Ken Cornick, CLEAR is headquartered in New York City.