CLEAR Secure (NYSE:YOU) CAO Dennis Liu Sells 2,104 Shares of Stock

CLEAR Secure, Inc. (NYSE:YOU) CAO Dennis Liu sold 2,104 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $44.47, for a total transaction of $93,564.88. Following the completion of the sale, the chief accounting officer owned 15,870 shares of the company’s stock, valued at approximately $705,738.90. The trade was a 11.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

CLEAR Secure Stock Performance

YOU stock opened at $44.67 on Friday. CLEAR Secure, Inc. has a 52 week low of $29.43 and a 52 week high of $69.07. The firm’s fifty day moving average is $51.05 and its 200 day moving average is $51.17. The firm has a market cap of $6.04 billion, a P/E ratio of 30.39 and a beta of 1.04.

CLEAR Secure (NYSE:YOU) last issued its earnings results on Wednesday, August 5th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.09. CLEAR Secure had a net margin of 14.78% and a return on equity of 71.51%. The company had revenue of $277.76 million for the quarter, compared to analysts’ expectations of $269.71 million. During the same quarter last year, the company earned $0.26 EPS. The firm’s revenue was up 26.6% compared to the same quarter last year. As a group, analysts forecast that CLEAR Secure, Inc. will post 1.88 EPS for the current year.

CLEAR Secure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be issued a $0.15 dividend. The ex-dividend date is Thursday, September 10th. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. CLEAR Secure’s payout ratio is currently 40.82%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of YOU. Daiwa Securities Group Inc. lifted its holdings in CLEAR Secure by 6.5% in the 4th quarter. Daiwa Securities Group Inc. now owns 5,257 shares of the company’s stock worth $184,000 after buying an additional 323 shares during the period. GAMMA Investing LLC raised its holdings in shares of CLEAR Secure by 4.3% during the second quarter. GAMMA Investing LLC now owns 8,578 shares of the company’s stock valued at $478,000 after acquiring an additional 351 shares in the last quarter. Pictet Asset Management Holding SA raised its holdings in shares of CLEAR Secure by 3.6% during the first quarter. Pictet Asset Management Holding SA now owns 12,744 shares of the company’s stock valued at $617,000 after acquiring an additional 447 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in CLEAR Secure by 6.9% in the first quarter. Pacer Advisors Inc. now owns 7,564 shares of the company’s stock valued at $366,000 after acquiring an additional 489 shares in the last quarter. Finally, Aspen Investment Management Inc increased its position in CLEAR Secure by 5.2% during the 1st quarter. Aspen Investment Management Inc now owns 10,175 shares of the company’s stock valued at $493,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on YOU shares. Zacks Research cut CLEAR Secure from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Weiss Ratings cut CLEAR Secure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. The Goldman Sachs Group set a $70.00 price objective on CLEAR Secure in a research report on Monday, July 20th. Wall Street Zen raised CLEAR Secure from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. Finally, Wells Fargo & Company raised their target price on shares of CLEAR Secure from $33.00 to $40.00 and gave the stock an “underweight” rating in a report on Thursday, May 7th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, CLEAR Secure presently has an average rating of “Hold” and a consensus price target of $59.71.

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.