Adam Wiener Sells 8,000 Shares of CLEAR Secure (NYSE:YOU) Stock

CLEAR Secure, Inc. (NYSE:YOU) Director Adam Wiener sold 8,000 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $40.00, for a total value of $320,000.00. Following the completion of the transaction, the director directly owned 179,634 shares in the company, valued at $7,185,360. This represents a 4.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Adam Wiener also recently made the following trade(s):

• On Thursday, November 6th, Adam Wiener sold 6,000 shares of CLEAR Secure stock. The stock was sold at an average price of $36.04, for a total value of $216,240.00.
• On Wednesday, October 1st, Adam Wiener sold 8,000 shares of CLEAR Secure stock. The shares were sold at an average price of $33.02, for a total value of $264,160.00.

CLEAR Secure Trading Down 0.2%

Shares of NYSE:YOU opened at $39.15 on Thursday. CLEAR Secure, Inc. has a twelve month low of $21.67 and a twelve month high of $42.29. The company has a market cap of $5.21 billion, a PE ratio of 23.87 and a beta of 1.22. The company’s 50 day moving average is $34.03 and its 200 day moving average is $32.29.

CLEAR Secure (NYSE:YOU) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. The business had revenue of $229.19 million for the quarter, compared to the consensus estimate of $224.80 million. CLEAR Secure had a net margin of 20.97% and a return on equity of 119.82%. The business’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 EPS. Equities research analysts predict that CLEAR Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

CLEAR Secure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 10th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, December 10th. CLEAR Secure’s dividend payout ratio is presently 30.49%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of YOU. Geneos Wealth Management Inc. grew 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 valued at $25,000 after purchasing an additional 748 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in CLEAR Secure during the first quarter worth $28,000. Steigerwald Gordon & Koch Inc. acquired a new position in CLEAR Secure during the third quarter worth $50,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in CLEAR Secure in the 1st quarter valued at $41,000. Finally, Strs Ohio acquired a new stake in shares of CLEAR Secure in the 3rd quarter worth $53,000. 73.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on YOU. Weiss Ratings reiterated a “hold (c+)” rating on shares of CLEAR Secure in a research note on Monday. Zacks Research lowered CLEAR Secure from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Wells Fargo & Company lifted their price target on CLEAR Secure from $25.00 to $29.00 and gave the company an “underweight” rating in a research report on Friday, November 7th. DA Davidson set a $46.00 price target on CLEAR Secure and gave the company a “buy” rating in a report on Tuesday. Finally, The Goldman Sachs Group raised their price objective on shares of CLEAR Secure from $37.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $40.86.

About CLEAR Secure

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.