CLEAR Secure (NYSE:YOU) President Sells $650,149.50 in Stock

CLEAR Secure, Inc. (NYSE:YOU) President Michael Barkin sold 11,550 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $56.29, for a total transaction of $650,149.50. Following the transaction, the president owned 22,994 shares in the company, valued at $1,294,332.26. This represents a 33.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CLEAR Secure Price Performance

Shares of NYSE YOU traded down $1.38 during mid-day trading on Friday, reaching $55.34. 1,809,868 shares of the company traded hands, compared to its average volume of 1,674,464. CLEAR Secure, Inc. has a fifty-two week low of $24.06 and a fifty-two week high of $62.73. The firm has a market cap of $7.38 billion, a PE ratio of 44.63 and a beta of 1.09. The stock has a fifty day simple moving average of $54.29 and a 200-day simple moving average of $43.02.

CLEAR Secure (NYSE:YOU) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. The business had revenue of $253.00 million for the quarter, compared to analyst estimates of $244.38 million. CLEAR Secure had a net margin of 13.01% and a return on equity of 68.98%. The business’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter last year, the business earned $0.26 earnings per share. As a group, analysts predict that CLEAR Secure, Inc. will post 1.78 EPS for the current fiscal year.

CLEAR Secure Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Wednesday, June 10th. CLEAR Secure’s dividend payout ratio (DPR) is presently 48.39%.

Institutional Trading of CLEAR Secure

Hedge funds and other institutional investors have recently modified their holdings of the business. Geneos Wealth Management Inc. boosted its position in shares of CLEAR Secure by 329.5% in the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $25,000 after buying an additional 748 shares during the period. Advisors Asset Management Inc. purchased a new stake in CLEAR Secure in the 1st quarter worth about $28,000. Caitong International Asset Management Co. Ltd lifted its stake in CLEAR Secure by 249.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 867 shares of the company’s stock worth $30,000 after acquiring an additional 619 shares in the last quarter. Parallel Advisors LLC grew its stake in CLEAR Secure by 2,283.3% during the 1st quarter. Parallel Advisors LLC now owns 715 shares of the company’s stock valued at $35,000 after acquiring an additional 685 shares in the last quarter. Finally, Allworth Financial LP grew its stake in CLEAR Secure by 118.8% during the 4th quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock valued at $36,000 after acquiring an additional 555 shares in the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on YOU. Weiss Ratings upgraded shares of CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 15th. Stifel Nicolaus set a $60.00 target price on shares of CLEAR Secure in a report on Thursday, May 7th. Telsey Advisory Group raised their target price on shares of CLEAR Secure from $62.00 to $68.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. DA Davidson restated a “neutral” rating and set a $60.00 target price (down from $65.00) on shares of CLEAR Secure in a report on Thursday, May 7th. Finally, Zacks Research upgraded shares of CLEAR Secure from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

About CLEAR Secure

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.