CLEAR Secure (NYSE:YOU) President Sells $514,980.00 in Stock

Key Points

• CLEAR Secure President Michael Barkin sold 11,444 shares for approximately $514,980 under a pre-arranged Rule 10b5-1 trading plan, reducing his direct ownership by nearly 50% to 11,550 shares.
• The stock rose 1.5% to $44.67, while the company reported quarterly earnings and revenue above analyst expectations; revenue increased 26.6% year over year.
• CLEAR Secure declared a quarterly dividend of $0.15 per share, equivalent to $0.60 annually and a 1.3% yield. Analysts’ consensus rating remains “Hold,” with an average price target of $59.71.

CLEAR Secure, Inc. (NYSE:YOU - Get Free Report) President Michael Barkin sold 11,444 shares of the business's stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $45.00, for a total transaction of $514,980.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CLEAR Secure Stock Up 1.5%

NYSE YOU traded up $0.64 during trading hours on Thursday, reaching $44.67. 1,360,597 shares of the company were exchanged, compared to its average volume of 1,812,356. CLEAR Secure, Inc. has a 1 year low of $29.43 and a 1 year high of $69.07. The business's 50 day simple moving average is $51.05 and its 200-day simple moving average is $51.17. The stock has a market capitalization of $6.04 billion, a P/E ratio of 30.39 and a beta of 1.04.

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

CLEAR Secure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 10th. CLEAR Secure's dividend payout ratio (DPR) is currently 40.82%.

Hedge Funds Weigh In On CLEAR Secure

Several hedge funds have recently made changes to their positions in YOU. Parallel Advisors LLC lifted its holdings in CLEAR Secure by 2,283.3% during the 1st quarter. Parallel Advisors LLC now owns 715 shares of the company's stock worth $35,000 after purchasing an additional 685 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings 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. Geneos Wealth Management Inc. grew its holdings in CLEAR Secure by 329.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company's stock valued at $25,000 after buying an additional 748 shares in the last quarter. Allworth Financial LP increased its position in shares of 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 period. Finally, Advisors Asset Management Inc. bought a new stake in shares of CLEAR Secure during the first quarter valued at about $28,000. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on YOU shares. Stifel Nicolaus set a $60.00 price target on CLEAR Secure in a research note on Thursday, May 7th. Telsey Advisory Group boosted their price objective on CLEAR Secure from $62.00 to $68.00 and gave the company an "outperform" rating in a research note on Thursday, May 7th. Wells Fargo & Company upped their price objective on shares of CLEAR Secure from $33.00 to $40.00 and gave the company an "underweight" rating in a report on Thursday, May 7th. The Goldman Sachs Group set a $70.00 target price on shares of CLEAR Secure in a research report on Monday, July 20th. Finally, Wall Street Zen raised shares of CLEAR Secure from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 15th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, CLEAR Secure has an average rating of "Hold" and a consensus price target of $59.71.

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.

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