Dennis Liu Sells 2,104 Shares of CLEAR Secure (NYSE:YOU) Stock

CLEAR Secure, Inc. (NYSE:YOU) CAO Dennis Liu sold 2,104 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $44.47, for a total transaction of $93,564.88. Following the completion of the transaction, the chief accounting officer owned 15,870 shares in the company, valued at approximately $705,738.90. This trade represents a 11.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

CLEAR Secure Price Performance

NYSE:YOU opened at $44.12 on Friday. The firm has a 50 day simple moving average of $50.83 and a 200-day simple moving average of $51.12. The firm has a market cap of $5.97 billion, a PE ratio of 30.01 and a beta of 1.04. CLEAR Secure, Inc. has a 1-year low of $29.43 and a 1-year high of $69.07.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.09. CLEAR Secure had a net margin of 14.78% and a return on equity of 71.51%. The business had revenue of $277.76 million for the quarter, compared to the consensus estimate of $269.71 million. During the same quarter in the prior year, the firm posted $0.26 earnings per share. The company’s quarterly revenue was up 26.6% compared to the same quarter last year. As a group, sell-side analysts expect that CLEAR Secure, Inc. will post 1.88 earnings per share for the current fiscal year.

CLEAR Secure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, September 10th. CLEAR Secure’s dividend payout ratio is presently 40.82%.

Institutional Investors Weigh In On CLEAR Secure

Several institutional investors and hedge funds have recently modified their holdings of the stock. Geneos Wealth Management Inc. raised its holdings in shares of CLEAR Secure by 329.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $25,000 after buying an additional 748 shares during the period. Advisors Asset Management Inc. acquired a new stake in CLEAR Secure in the first quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd grew its position in CLEAR Secure by 249.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 867 shares of the company’s stock valued at $30,000 after acquiring an additional 619 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of CLEAR Secure by 2,283.3% during the first quarter. Parallel Advisors LLC now owns 715 shares of the company’s stock valued at $35,000 after purchasing an additional 685 shares during the period. Finally, Allworth Financial LP raised its stake in shares of CLEAR Secure by 118.8% during the fourth quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock valued at $36,000 after purchasing an additional 555 shares during the period. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Key Stories Impacting CLEAR Secure

Here are the key news stories impacting CLEAR Secure this week:

• Positive Sentiment: CLEAR Secure recently announced a quarterly dividend of $0.15 per share, equivalent to $0.60 annually and a yield of approximately 1.3%. The dividend may provide some support for income-focused investors. CLEAR Secure dividend and insider trading report
• Positive Sentiment: Institutional ownership remains high at 73.8%, while several funds increased their positions during the second quarter. California State Teachers’ Retirement System reported a particularly significant increase, adding more than 5.3 million shares.
• Positive Sentiment: The company’s latest quarterly results were stronger than expected: earnings per share reached $0.49 versus a $0.40 consensus estimate, while revenue rose 26.6% year over year to $277.76 million, above expectations.
• Neutral Sentiment: Analyst sentiment is mixed but currently averages a “Hold” rating. Five analysts rate the stock Buy, three rate it Hold and one rates it Sell. The consensus price target is $59.71, above recent trading levels, although DA Davidson recently lowered its target to $55 and retained a Neutral rating. CLEAR Secure analyst consensus report
• Negative Sentiment: Multiple executives sold shares totaling roughly $1.21 million. President Michael Barkin sold 11,444 shares, reducing his position by nearly 50%; EVP Kyle McLaughlin sold 4,499 shares; CAO Dennis Liu sold 2,104 shares; and another vice president sold 9,192 shares, or 31% of that executive’s prior stake. The Liu, McLaughlin and Barkin transactions were conducted under pre-arranged Rule 10b5-1 plans, with Liu’s sale specifically covering tax obligations, which makes the sales less concerning than discretionary selling but still creates short-term supply and sentiment pressure. CLEAR Secure executive share sales

Analyst Ratings Changes

Several analysts have commented on YOU shares. The Goldman Sachs Group set a $70.00 price target on CLEAR Secure in a report on Monday, July 20th. Zacks Research cut shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. DA Davidson lowered their target price on shares of CLEAR Secure from $60.00 to $55.00 and set a “neutral” rating for the company in a report on Tuesday, July 28th. Wall Street Zen lowered shares of CLEAR Secure from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, JPMorgan Chase & Co. assumed coverage on shares of CLEAR Secure in a research note on Monday, August 24th. They set an “overweight” rating and a $55.00 price target on the stock. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, CLEAR Secure currently has a consensus rating of “Hold” and an average target price of $59.71.

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.