CLEAR Secure (NYSE:YOU) Insider Jonathan Schlegel Sells 4,412 Shares

CLEAR Secure, Inc. (NYSE:YOU) insider Jonathan Schlegel sold 4,412 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $59.02, for a total value of $260,396.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

CLEAR Secure Trading Up 0.9%

CLEAR Secure stock opened at $59.41 on Tuesday. The firm has a market capitalization of $7.92 billion, a P/E ratio of 47.91 and a beta of 1.09. The stock has a fifty day moving average price of $52.05 and a 200 day moving average price of $41.44. CLEAR Secure, Inc. has a 52 week low of $23.88 and a 52 week high of $61.68.

CLEAR Secure (NYSE:YOU) last released its earnings results on Wednesday, May 6th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.35 by $0.03. The firm had revenue of $253.00 million during the quarter, compared to analyst estimates of $244.38 million. CLEAR Secure had a return on equity of 68.98% and a net margin of 13.01%.The business’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.26 earnings per share. As a group, equities analysts predict that CLEAR Secure, Inc. will post 1.78 EPS for the current 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 paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.0%. The ex-dividend date is Wednesday, June 10th. CLEAR Secure’s dividend payout ratio is presently 48.39%.

Institutional Investors Weigh In On CLEAR Secure

Several institutional investors and hedge funds have recently modified their holdings of the stock. Durable Capital Partners LP boosted its position 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 worth $207,932,000 after buying an additional 4,531,161 shares during the period. State Street Corp boosted its position in shares of CLEAR Secure by 1.8% in the fourth quarter. State Street Corp now owns 3,312,235 shares of the company’s stock worth $116,193,000 after buying an additional 59,067 shares during the period. First Trust Advisors LP boosted its position in shares of CLEAR Secure by 1.2% in the third quarter. First Trust Advisors LP now owns 3,063,062 shares of the company’s stock worth $102,245,000 after buying an additional 35,304 shares during the period. Morgan Stanley boosted its position in shares of CLEAR Secure by 6.0% in the fourth 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 during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of CLEAR Secure by 0.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,680,942 shares of the company’s stock worth $129,784,000 after buying an additional 8,883 shares during the period. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Analyst Upgrades and Downgrades

YOU has been the subject of a number of research reports. Weiss Ratings raised CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Zacks Research raised CLEAR Secure from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. Stifel Nicolaus set a $60.00 price target on CLEAR Secure in a research report on Thursday, May 7th. Wells Fargo & Company boosted their price target on CLEAR Secure from $33.00 to $40.00 and gave the company an “underweight” rating in a research report on Thursday, May 7th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $75.00 price target on shares of CLEAR Secure in a research report on Thursday, May 7th. One equities research 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.