Insider Selling: CLEAR Secure (NYSE:YOU) Insider Sells 11,064 Shares of Stock

CLEAR Secure, Inc. (NYSE:YOU) insider Lynn Haaland sold 11,064 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $47.44, for a total value of $524,876.16. Following the completion of the sale, the insider owned 7,375 shares of the company’s stock, valued at approximately $349,870. This trade represents a 60.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Lynn Haaland also recently made the following trade(s):

• On Wednesday, February 25th, Lynn Haaland sold 15,533 shares of CLEAR Secure stock. The shares were sold at an average price of $45.00, for a total value of $698,985.00.
• On Friday, December 12th, Lynn Haaland sold 15,532 shares of CLEAR Secure stock. The shares were sold at an average price of $41.00, for a total transaction of $636,812.00.

CLEAR Secure Price Performance

CLEAR Secure stock traded down $0.53 during mid-day trading on Wednesday, reaching $48.39. 1,844,629 shares of the company traded hands, compared to its average volume of 2,085,294. CLEAR Secure, Inc. has a 52-week low of $23.00 and a 52-week high of $50.46. The firm has a market capitalization of $6.44 billion, a price-to-earnings ratio of 43.21 and a beta of 1.13. The firm’s 50 day moving average price is $35.77 and its 200 day moving average price is $35.10.

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

CLEAR Secure Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently commented on YOU shares. JPMorgan Chase & Co. boosted 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. Weiss Ratings cut shares of CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 3rd. Stifel Nicolaus lifted their target price on shares of CLEAR Secure from $38.00 to $51.00 and gave the company a “hold” rating in a report on Thursday, February 26th. Wall Street Zen lowered CLEAR Secure from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Finally, Telsey Advisory Group lifted their price objective on CLEAR Secure from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $51.57.

Hedge Funds Weigh In On CLEAR Secure

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

CLEAR Secure Company Profile

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.