Insider Selling: Clear Secure, Inc. (NYSE:YOU) Director Sells 150,000 Shares of Stock

Clear Secure, Inc. (NYSE:YOU) Director Alclear Investments Ii, Llc sold 150,000 shares of Clear Secure stock in a transaction on Friday, October 11th. The stock was sold at an average price of $34.08, for a total transaction of $5,112,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Alclear Investments Ii, Llc also recently made the following trade(s):

• On Wednesday, September 18th, Alclear Investments Ii, Llc sold 150,000 shares of Clear Secure stock. The stock was sold at an average price of $33.04, for a total value of $4,956,000.00.
• On Monday, September 16th, Alclear Investments Ii, Llc sold 122,579 shares of Clear Secure stock. The shares were sold at an average price of $31.04, for a total value of $3,804,852.16.
• On Monday, September 9th, Alclear Investments Ii, Llc sold 227,021 shares of Clear Secure stock. The stock was sold at an average price of $31.05, for a total value of $7,049,002.05.

Clear Secure Stock Performance

Shares of Clear Secure stock traded up $0.58 during trading on Tuesday, reaching $35.49. The company had a trading volume of 2,089,158 shares, compared to its average volume of 1,682,232. The company has a market cap of $5.14 billion, a price-to-earnings ratio of 62.54 and a beta of 1.65. The firm’s fifty day moving average is $30.05 and its 200-day moving average is $22.67. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $35.68.

Clear Secure (NYSE:YOU) last released its quarterly earnings data 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. Clear Secure had a net margin of 10.36% and a return on equity of 35.33%. The firm had revenue of $186.75 million for the quarter, compared to analyst estimates of $183.78 million. During the same quarter in the prior year, the business earned $0.05 earnings per share. Clear Secure’s quarterly revenue was up 24.6% on a year-over-year basis. On average, research analysts anticipate that Clear Secure, Inc. will post 1.01 EPS for the current fiscal year.

Clear Secure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 10th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Tuesday, September 10th. Clear Secure’s payout ratio is 71.43%.

Analyst Upgrades and Downgrades

YOU has been the subject of several analyst reports. Telsey Advisory Group restated an “outperform” rating and set a $34.00 price target on shares of Clear Secure in a research note on Wednesday, August 7th. Needham & Company LLC restated a “buy” rating and issued a $40.00 price target on shares of Clear Secure in a research report on Wednesday, August 7th. Finally, The Goldman Sachs Group lifted their price objective on Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Clear Secure has an average rating of “Hold” and an average target price of $29.20.

Hedge Funds Weigh In On Clear Secure

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in YOU. Quarry LP grew its position in Clear Secure by 86.4% in the 4th quarter. Quarry LP now owns 2,509 shares of the company’s stock worth $52,000 after purchasing an additional 1,163 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Clear Secure by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 9,460,663 shares of the company’s stock worth $195,363,000 after acquiring an additional 211,214 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Clear Secure in the fourth quarter worth about $896,000. Renaissance Capital LLC raised its stake in shares of Clear Secure by 4.1% during the first quarter. Renaissance Capital LLC now owns 54,208 shares of the company’s stock worth $1,153,000 after buying an additional 2,154 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Clear Secure by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 19,338 shares of the company’s stock worth $411,000 after buying an additional 1,631 shares during the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

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.