Michael Barkin Sells 11,444 Shares of CLEAR Secure (NYSE:YOU) Stock

CLEAR Secure, Inc. (NYSE:YOU) President Michael Barkin sold 11,444 shares of the company’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $45.00, for a total transaction of $514,980.00. Following the completion of the sale, the president directly owned 11,550 shares in the company, valued at $519,750. This trade represents a 49.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CLEAR Secure Price Performance

Shares of CLEAR Secure stock opened at $44.12 on Friday. The firm has a fifty day moving average price of $50.83 and a 200 day moving average price of $51.12. CLEAR Secure, Inc. has a 1 year low of $29.43 and a 1 year high of $69.07. The stock has a market cap of $5.97 billion, a PE ratio of 30.01 and a beta of 1.04.

CLEAR Secure (NYSE:YOU) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.40 by $0.09. The company had revenue of $277.76 million for the quarter, compared to analyst estimates of $269.71 million. CLEAR Secure had a net margin of 14.78% and a return on equity of 71.51%. The firm’s revenue was up 26.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.26 earnings per share. As a group, equities analysts expect that CLEAR Secure, Inc. will post 1.88 EPS for the current year.

CLEAR Secure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. CLEAR Secure’s dividend payout ratio (DPR) is 40.82%.

Institutional Investors Weigh In On CLEAR Secure

Several hedge funds and other institutional investors have recently added to or reduced their stakes in YOU. Geneos Wealth Management Inc. raised its position in 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 during the period. Advisors Asset Management Inc. purchased a new position in shares of CLEAR Secure during the 1st quarter worth $28,000. Caitong International Asset Management Co. Ltd increased its position in shares of CLEAR Secure by 249.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 867 shares of the company’s stock worth $30,000 after purchasing an additional 619 shares during the last quarter. Parallel Advisors LLC raised its holdings in CLEAR Secure by 2,283.3% in the 1st quarter. Parallel Advisors LLC now owns 715 shares of the company’s stock valued at $35,000 after buying an additional 685 shares during the period. Finally, Allworth Financial LP raised its holdings in CLEAR Secure by 118.8% in the 4th 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 period. Institutional investors and hedge funds own 73.80% of the company’s stock.

More CLEAR Secure News

Here are the key news stories impacting CLEAR Secure this week:

• Positive Sentiment: CLEAR Secure recently announced a quarterly dividend of $0.15 per share, equivalent to $0.60 annually and a yield of approximately 1.3%. The dividend may provide some support for income-focused investors. CLEAR Secure dividend and insider trading report
• Positive Sentiment: Institutional ownership remains high at 73.8%, while several funds increased their positions during the second quarter. California State Teachers’ Retirement System reported a particularly significant increase, adding more than 5.3 million shares.
• Positive Sentiment: The company’s latest quarterly results were stronger than expected: earnings per share reached $0.49 versus a $0.40 consensus estimate, while revenue rose 26.6% year over year to $277.76 million, above expectations.
• Neutral Sentiment: Analyst sentiment is mixed but currently averages a “Hold” rating. Five analysts rate the stock Buy, three rate it Hold and one rates it Sell. The consensus price target is $59.71, above recent trading levels, although DA Davidson recently lowered its target to $55 and retained a Neutral rating. CLEAR Secure analyst consensus report
• Negative Sentiment: Multiple executives sold shares totaling roughly $1.21 million. President Michael Barkin sold 11,444 shares, reducing his position by nearly 50%; EVP Kyle McLaughlin sold 4,499 shares; CAO Dennis Liu sold 2,104 shares; and another vice president sold 9,192 shares, or 31% of that executive’s prior stake. The Liu, McLaughlin and Barkin transactions were conducted under pre-arranged Rule 10b5-1 plans, with Liu’s sale specifically covering tax obligations, which makes the sales less concerning than discretionary selling but still creates short-term supply and sentiment pressure. CLEAR Secure executive share sales

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group set a $70.00 target price on shares of CLEAR Secure in a report on Monday, July 20th. JPMorgan Chase & Co. began coverage on shares of CLEAR Secure in a research report on Monday, August 24th. They issued an “overweight” rating and a $55.00 price objective for the company. Zacks Research lowered shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. DA Davidson dropped their price target on shares of CLEAR Secure from $60.00 to $55.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 28th. Finally, Weiss Ratings cut CLEAR Secure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $59.71.

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.