Insider Selling: Clear Secure, Inc. (NYSE:YOU) CAO Sells 1,500 Shares of Stock

Clear Secure, Inc. (NYSE:YOU) CAO Dennis W. Liu sold 1,500 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $25.03, for a total value of $37,545.00. Following the transaction, the chief accounting officer now owns 10,211 shares in the company, valued at approximately $255,581.33. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Clear Secure Stock Performance

Shares of Clear Secure stock traded up $0.31 during midday trading on Friday, hitting $25.85. The company had a trading volume of 2,451,879 shares, compared to its average volume of 1,523,698. The stock has a market capitalization of $3.74 billion, a P/E ratio of 46.16 and a beta of 1.58. The company has a 50 day moving average of $19.69 and a 200 day moving average of $19.12. Clear Secure, Inc. has a 52-week low of $15.28 and a 52-week high of $25.89.

Clear Secure (NYSE:YOU) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.08. The company had revenue of $186.75 million for the quarter, compared to the consensus estimate of $183.78 million. Clear Secure had a return on equity of 32.01% and a net margin of 10.36%. The firm’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.05 EPS. Equities research analysts forecast that Clear Secure, Inc. will post 0.82 EPS for the current year.

Clear Secure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 10th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $0.40 annualized dividend and a dividend yield of 1.55%. Clear Secure’s payout ratio is currently 71.43%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on YOU. The Goldman Sachs Group upped their target price on Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday. Wedbush reiterated a “neutral” rating and set a $21.00 target price on shares of Clear Secure in a report on Wednesday, May 8th. Telsey Advisory Group reiterated an “outperform” rating and set a $34.00 target price on shares of Clear Secure in a report on Wednesday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of Clear Secure in a report on Wednesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $29.20.

Hedge Funds Weigh In On Clear Secure

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Montag A & Associates Inc. bought a new position in Clear Secure in the 1st quarter valued at approximately $26,000. Quarry LP lifted its position in Clear Secure by 86.4% in the 4th quarter. Quarry LP now owns 2,509 shares of the company’s stock valued at $52,000 after acquiring an additional 1,163 shares in the last quarter. Plato Investment Management Ltd lifted its position in Clear Secure by 10,535.4% in the 2nd quarter. Plato Investment Management Ltd now owns 5,105 shares of the company’s stock valued at $96,000 after acquiring an additional 5,057 shares in the last quarter. CWM LLC lifted its position in Clear Secure by 968.0% in the 2nd quarter. CWM LLC now owns 7,252 shares of the company’s stock valued at $136,000 after acquiring an additional 6,573 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in Clear Secure in the 2nd quarter valued at approximately $137,000. 73.80% of the stock is owned by institutional investors.

Clear Secure Company Profile

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.