Lynn Haaland Sells 11,064 Shares of CLEAR Secure (NYSE:YOU) Stock

CLEAR Secure, Inc. (NYSE:YOU) insider Lynn Haaland sold 11,064 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $47.44, for a total transaction of $524,876.16. Following the sale, the insider directly owned 7,375 shares of the company’s stock, valued at $349,870. The trade was a 60.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Lynn Haaland also recently made the following trade(s):

• On Wednesday, February 25th, Lynn Haaland sold 15,533 shares of CLEAR Secure stock. The shares were sold at an average price of $45.00, for a total transaction of $698,985.00.
• On Friday, December 12th, Lynn Haaland sold 15,532 shares of CLEAR Secure stock. The shares were sold at an average price of $41.00, for a total transaction of $636,812.00.

CLEAR Secure Trading Down 2.3%

CLEAR Secure stock opened at $47.29 on Friday. The firm has a market cap of $6.30 billion, a P/E ratio of 42.22 and a beta of 1.13. CLEAR Secure, Inc. has a 1-year low of $23.00 and a 1-year high of $50.46. The firm has a 50-day moving average of $35.99 and a 200-day moving average of $35.19.

CLEAR Secure (NYSE:YOU) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.31 EPS for the quarter, meeting analysts’ consensus estimates of $0.31. The business had revenue of $240.75 million during the quarter, compared to analyst estimates of $235.66 million. CLEAR Secure had a return on equity of 70.08% and a net margin of 12.12%.CLEAR Secure’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.91 EPS. Research analysts forecast that CLEAR Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

CLEAR Secure Dividend Announcement

The business also recently declared a special dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be issued a $0.20 dividend. The ex-dividend date is Tuesday, March 10th. This represents a yield of 129.0%. CLEAR Secure’s payout ratio is 53.57%.

Institutional Investors Weigh In On CLEAR Secure

Hedge funds and other institutional investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. lifted its holdings in shares of CLEAR Secure by 329.5% during 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 during the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of CLEAR Secure in the 1st quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd increased its position in CLEAR Secure by 249.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 867 shares of the company’s stock valued at $30,000 after buying an additional 619 shares in the last quarter. Allworth Financial LP raised its stake in CLEAR Secure by 118.8% during the fourth quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock valued at $36,000 after buying an additional 555 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its stake in CLEAR Secure by 22.4% during the second quarter. First Horizon Advisors Inc. now owns 1,804 shares of the company’s stock valued at $50,000 after buying an additional 330 shares during the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on YOU shares. Needham & Company LLC upped their price objective on shares of CLEAR Secure from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday. Telsey Advisory Group increased their price target on shares of CLEAR Secure from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Zacks Research lowered shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Stifel Nicolaus lifted their price objective on CLEAR Secure from $38.00 to $51.00 and gave the company a “hold” rating in a research report on Thursday, February 26th. Finally, Weiss Ratings downgraded CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 3rd. 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 company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $51.57.

CLEAR Secure Company Profile

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.