Clear Secure, Inc. (NYSE:YOU) Insider Sells $165,600.00 in Stock

Clear Secure, Inc. (NYSE:YOU) insider Richard N. Jr. Patterson sold 7,500 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $22.08, for a total transaction of $165,600.00. Following the completion of the sale, the insider now directly owns 34,227 shares of the company’s stock, valued at approximately $755,732.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Clear Secure Trading Up 1.2 %

NYSE YOU traded up $0.31 during trading on Friday, hitting $25.85. 2,451,879 shares of the company’s stock were exchanged, compared to its average volume of 1,523,698. The company has a market cap of $3.74 billion, a PE ratio of 46.16 and a beta of 1.58. Clear Secure, Inc. has a fifty-two week low of $15.28 and a fifty-two week high of $25.89. The stock’s 50 day moving average price is $19.69 and its two-hundred day moving average price is $19.12.

Clear Secure (NYSE:YOU) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.08. Clear Secure had a return on equity of 32.01% and a net margin of 10.36%. The company had revenue of $186.75 million during the quarter, compared to the consensus estimate of $183.78 million. During the same quarter in the prior year, the firm posted $0.05 earnings per share. The firm’s revenue was up 24.6% compared to the same quarter last year. Analysts forecast that Clear Secure, Inc. will post 0.82 earnings per share for the current fiscal year.

Clear Secure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 10th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Tuesday, September 10th. Clear Secure’s dividend payout ratio is currently 71.43%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $34.00 target price on shares of Clear Secure in a research report on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of Clear Secure in a research report on Wednesday. The Goldman Sachs Group upped their price objective on shares of Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Wedbush reaffirmed a “neutral” rating and set a $21.00 price objective on shares of Clear Secure in a research report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Clear Secure presently has a consensus rating of “Hold” and a consensus target price of $29.20.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Montag A & Associates Inc. acquired a new stake in Clear Secure during the 1st quarter valued at approximately $26,000. Quarry LP increased its position in Clear Secure by 86.4% during the 4th quarter. Quarry LP now owns 2,509 shares of the company’s stock valued at $52,000 after purchasing an additional 1,163 shares during the period. Plato Investment Management Ltd increased its position in Clear Secure by 10,535.4% during the 2nd quarter. Plato Investment Management Ltd now owns 5,105 shares of the company’s stock valued at $96,000 after purchasing an additional 5,057 shares during the period. CWM LLC increased its position in Clear Secure by 968.0% during the 2nd quarter. CWM LLC now owns 7,252 shares of the company’s stock valued at $136,000 after purchasing an additional 6,573 shares during the period. Finally, nVerses Capital LLC acquired a new stake in Clear Secure during the 2nd quarter valued at approximately $137,000. Institutional investors and hedge funds own 73.80% of the company’s stock.

Clear Secure Company Profile

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.