Insider Selling: CLEAR Secure (NYSE:YOU) EVP Sells $449,600.00 in Stock

CLEAR Secure, Inc. (NYSE:YOU) EVP Kyle Mclaughlin sold 8,000 shares of CLEAR Secure stock in a transaction that occurred 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 in the company, valued at $1,658,967.80. This trade represents a 21.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CLEAR Secure Price Performance

Shares of CLEAR Secure stock opened at $54.34 on Friday. The business’s 50 day simple moving average is $54.84 and its two-hundred day simple moving average is $43.75. The stock has a market capitalization of $7.24 billion, a P/E ratio of 43.82 and a beta of 1.08. CLEAR Secure, Inc. has a one year low of $24.06 and a one year high of $62.73.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. CLEAR Secure had a return on equity of 68.98% and a net margin of 13.01%.The business had revenue of $253.00 million for the quarter, compared to analysts’ expectations of $244.38 million. During the same period in the previous year, the firm earned $0.26 EPS. The business’s quarterly revenue was up 19.7% on a year-over-year basis. Sell-side analysts expect that CLEAR Secure, Inc. will post 1.78 earnings per share for the current fiscal year.

CLEAR Secure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $0.60 annualized dividend and a dividend yield of 1.1%. CLEAR Secure’s payout ratio is 48.39%.

Institutional Investors Weigh In On CLEAR Secure

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. grew its stake in CLEAR Secure by 6.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 5,257 shares of the company’s stock worth $184,000 after purchasing an additional 323 shares during the period. SBI Securities Co. Ltd. grew its stake in CLEAR Secure by 14.0% in the third quarter. SBI Securities Co. Ltd. now owns 3,634 shares of the company’s stock worth $121,000 after purchasing an additional 447 shares during the period. Pictet Asset Management Holding SA grew its stake in CLEAR Secure by 3.6% in the first quarter. Pictet Asset Management Holding SA now owns 12,744 shares of the company’s stock worth $617,000 after purchasing an additional 447 shares during the period. Blue Trust Inc. boosted its holdings in CLEAR Secure by 13.4% in the fourth quarter. Blue Trust Inc. now owns 3,814 shares of the company’s stock worth $134,000 after acquiring an additional 451 shares in the last quarter. Finally, Aspen Investment Management Inc boosted its holdings in CLEAR Secure by 5.2% in the first quarter. Aspen Investment Management Inc now owns 10,175 shares of the company’s stock worth $493,000 after acquiring an additional 500 shares in the last quarter. 73.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on YOU shares. Stifel Nicolaus set a $60.00 target price on CLEAR Secure in a research note on Thursday, May 7th. The Goldman Sachs Group reissued a “buy” rating and set a $75.00 target price on shares of CLEAR Secure in a research note on Thursday, May 7th. Wall Street Zen raised CLEAR Secure from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Telsey Advisory Group boosted their target price on CLEAR Secure from $62.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. boosted their target price on CLEAR Secure from $42.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average 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.