Clear Secure, Inc. (NYSE:YOU) CFO Kenneth L. Cornick Sells 400 Shares

Clear Secure, Inc. (NYSE:YOU) CFO Kenneth L. Cornick sold 400 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $31.00, for a total value of $12,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Clear Secure Stock Performance

YOU stock opened at $29.48 on Friday. The stock’s 50 day moving average price is $24.72 and its 200 day moving average price is $20.70. The firm has a market cap of $4.11 billion, a P/E ratio of 52.64 and a beta of 1.65. Clear Secure, Inc. has a 1 year low of $15.28 and a 1 year high of $31.33.

Clear Secure (NYSE:YOU) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.08. Clear Secure had a net margin of 10.36% and a return on equity of 35.33%. The company had revenue of $186.75 million for the quarter, compared to analysts’ expectations of $183.78 million. During the same period last year, the company earned $0.05 EPS. The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. On average, research analysts predict that Clear Secure, Inc. will post 1.01 earnings per share for the current year.

Clear Secure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 10th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $0.40 annualized dividend and a dividend yield of 1.36%. Clear Secure’s payout ratio is currently 71.43%.

Hedge Funds Weigh In On Clear Secure

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cim LLC acquired a new position in Clear Secure in the second quarter valued at $933,000. Truist Financial Corp raised its holdings in shares of Clear Secure by 2.0% in the 2nd quarter. Truist Financial Corp now owns 29,061 shares of the company’s stock worth $544,000 after purchasing an additional 582 shares during the period. Quarry LP lifted its stake in shares of Clear Secure by 406.1% in the 2nd quarter. Quarry LP now owns 5,719 shares of the company’s stock valued at $107,000 after purchasing an additional 4,589 shares in the last quarter. Algert Global LLC grew its holdings in shares of Clear Secure by 143.3% during the 2nd quarter. Algert Global LLC now owns 273,967 shares of the company’s stock worth $5,126,000 after purchasing an additional 161,378 shares during the period. Finally, Mackenzie Financial Corp increased its position in Clear Secure by 22.0% during the 2nd quarter. Mackenzie Financial Corp now owns 46,411 shares of the company’s stock worth $868,000 after purchasing an additional 8,380 shares in the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. The Goldman Sachs Group boosted their price target on Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of Clear Secure in a research report on Wednesday, August 7th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $34.00 price objective on shares of Clear Secure in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $29.20.

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.