Lynn Haaland Sells 15,532 Shares of CLEAR Secure (NYSE:YOU) Stock

CLEAR Secure, Inc. (NYSE:YOU) insider Lynn Haaland sold 15,532 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $41.00, for a total value of $636,812.00. Following the sale, the insider owned 15,533 shares in the company, valued at $636,853. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

CLEAR Secure Trading Up 1.3%

Shares of YOU traded up $0.52 during midday trading on Tuesday, reaching $39.39. The stock had a trading volume of 1,463,285 shares, compared to its average volume of 1,849,960. The company’s 50-day moving average is $33.68 and its 200 day moving average is $32.14. CLEAR Secure, Inc. has a 12-month low of $21.67 and a 12-month high of $42.29. The company has a market capitalization of $5.25 billion, a price-to-earnings ratio of 24.02 and a beta of 1.21.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The company had revenue of $229.19 million for the quarter, compared to analysts’ expectations of $224.80 million. CLEAR Secure had a return on equity of 119.82% and a net margin of 20.97%.CLEAR Secure’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period last year, the firm posted $0.30 EPS. 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 quarterly dividend, which will be paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 10th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, December 10th. CLEAR Secure’s payout ratio is presently 30.49%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wall Street Zen lowered shares of CLEAR Secure from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Telsey Advisory Group raised their price objective on CLEAR Secure from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Zacks Research downgraded CLEAR Secure from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. The Goldman Sachs Group boosted their target price on CLEAR Secure from $37.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Finally, DA Davidson set a $46.00 target price on CLEAR Secure and gave the company a “buy” rating in a report on Tuesday. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, CLEAR Secure presently has a consensus rating of “Hold” and an average target price of $39.86.

Hedge Funds Weigh In On CLEAR Secure

Hedge funds and other institutional investors have recently modified their holdings of the company. Durable Capital Partners LP boosted its holdings in shares of CLEAR Secure by 153.1% during the second quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock worth $207,932,000 after purchasing an additional 4,531,161 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in CLEAR Secure by 6,038.7% during 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 purchasing an additional 1,439,873 shares during the period. Squarepoint Ops LLC raised its position in 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 purchasing an additional 909,152 shares during the last quarter. First Trust Advisors LP lifted its holdings in CLEAR Secure by 36.3% in the 2nd quarter. First Trust Advisors LP now owns 3,027,758 shares of the company’s stock worth $84,051,000 after buying an additional 805,795 shares during the period. Finally, Empowered Funds LLC purchased a new stake in CLEAR Secure in the 2nd quarter worth approximately $17,363,000. 73.80% of the stock is owned by institutional investors.

About CLEAR Secure

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.