CLEAR Secure (NYSE:YOU) Insider Sells $524,876.16 in Stock

CLEAR Secure, Inc. (NYSE:YOU) insider Lynn Haaland sold 11,064 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $47.44, for a total transaction of $524,876.16. Following the sale, the insider directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 value of $636,812.00.

CLEAR Secure Trading Down 2.3%

NYSE:YOU opened at $46.31 on Friday. The firm’s 50 day moving average is $36.20 and its 200 day moving average is $35.28. CLEAR Secure, Inc. has a 12 month low of $23.00 and a 12 month high of $50.46. The stock has a market capitalization of $6.17 billion, a PE ratio of 41.35 and a beta of 1.13.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.31 earnings per share for the quarter, meeting the consensus estimate of $0.31. CLEAR Secure had a return on equity of 70.08% and a net margin of 12.12%.The company had revenue of $240.75 million during the quarter, compared to analysts’ expectations of $235.66 million. During the same period in the previous year, the business earned $0.91 earnings per share. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. Research analysts predict that CLEAR Secure, Inc. will post 0.98 earnings per share for the current year.

CLEAR Secure Announces Dividend

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 issued a dividend of $0.20 per share. This represents a yield of 129.0%. The ex-dividend date is Tuesday, March 10th. CLEAR Secure’s dividend payout ratio is currently 44.64%.

Hedge Funds Weigh In On CLEAR Secure

Several hedge funds have recently modified their holdings of the stock. Durable Capital Partners LP grew its holdings 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 valued at $207,932,000 after purchasing an additional 4,531,161 shares in the last quarter. State Street Corp raised its stake in CLEAR Secure by 1.8% during the fourth quarter. State Street Corp now owns 3,312,235 shares of the company’s stock valued at $116,193,000 after purchasing an additional 59,067 shares in the last quarter. First Trust Advisors LP lifted its position in CLEAR Secure by 1.2% during the third quarter. First Trust Advisors LP now owns 3,063,062 shares of the company’s stock valued at $102,245,000 after purchasing an additional 35,304 shares during the last quarter. Morgan Stanley grew its stake in shares of CLEAR Secure by 6.0% in the 4th quarter. Morgan Stanley now owns 2,696,837 shares of the company’s stock worth $94,605,000 after buying an additional 152,074 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of CLEAR Secure by 5.5% in the 4th quarter. Wellington Management Group LLP now owns 2,626,856 shares of the company’s stock worth $92,150,000 after buying an additional 137,249 shares in the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Wall Street Analysts Forecast Growth

YOU has been the topic of several recent research reports. DA Davidson upped their price target on CLEAR Secure from $46.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Stifel Nicolaus boosted 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. Telsey Advisory Group upped their target price on shares of CLEAR Secure from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. Weiss Ratings lowered shares of CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 3rd. Finally, Zacks Research cut shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $51.57.

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.