CLEAR Secure (NYSE:YOU) EVP Kyle Mclaughlin Sells 8,000 Shares of Stock

CLEAR Secure, Inc. (NYSE:YOU) EVP Kyle Mclaughlin sold 8,000 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $56.20, for a total value of $449,600.00. Following the completion of the transaction, the executive vice president directly owned 29,519 shares of the company’s stock, valued at approximately $1,658,967.80. The trade was a 21.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CLEAR Secure Stock Performance

NYSE:YOU opened at $56.04 on Thursday. CLEAR Secure, Inc. has a 1 year low of $24.06 and a 1 year high of $62.73. The stock has a market cap of $7.47 billion, a price-to-earnings ratio of 45.20 and a beta of 1.08. The business has a fifty day moving average of $54.82 and a 200-day moving average of $43.55.

CLEAR Secure (NYSE:YOU) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.03. CLEAR Secure had a return on equity of 68.98% and a net margin of 13.01%.The company had revenue of $253.00 million during the quarter, compared to analysts’ expectations of $244.38 million. During the same quarter in the prior year, the business posted $0.26 earnings per share. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. On average, equities research analysts predict that CLEAR Secure, Inc. will post 1.78 EPS for the current year.

CLEAR Secure Dividend Announcement

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

Analysts Set New Price Targets

YOU has been the subject of a number of recent analyst reports. Needham & Company LLC increased their price target on CLEAR Secure from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Zacks Research raised shares of CLEAR Secure from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. Telsey Advisory Group raised their price objective on shares of CLEAR Secure from $62.00 to $68.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. raised their price objective on shares of CLEAR Secure from $42.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, February 26th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $60.00 price objective (down from $65.00) on shares of CLEAR Secure in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in YOU. Royal Bank of Canada raised its stake in shares of CLEAR Secure by 59.7% in the 1st quarter. Royal Bank of Canada now owns 271,498 shares of the company’s stock valued at $7,034,000 after acquiring an additional 101,476 shares in the last quarter. Amundi raised its holdings in CLEAR Secure by 62.5% in the 1st quarter. Amundi now owns 3,743 shares of the company’s stock worth $97,000 after acquiring an additional 1,440 shares during the period. Advisors Asset Management Inc. bought a new position in CLEAR Secure in the 1st quarter worth $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in CLEAR Secure by 5.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,755 shares of the company’s stock worth $1,367,000 after acquiring an additional 2,801 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in CLEAR Secure by 64.7% in the 1st quarter. NewEdge Advisors LLC now owns 4,583 shares of the company’s stock worth $119,000 after acquiring an additional 1,801 shares during the period. 73.80% of the stock is owned by institutional investors.

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.