Insider Selling: CLEAR Secure (NYSE:YOU) CAO Sells $209,017.20 in Stock

Key Points

• CLEAR Secure CAO Dennis Liu sold 3,507 shares for $209,017 under a pre-arranged Rule 10b5-1 plan, leaving him with 12,363 shares.
• The company beat quarterly estimates, reporting EPS of $0.52 versus $0.48 expected and revenue of $292.85 million, up 27.8% year over year.
• CLEAR declared a quarterly dividend of $0.15 per share. Analyst views were mixed, with an average rating of “Hold” and an average price target of $66.86.

CLEAR Secure, Inc. (NYSE:YOU - Get Free Report) CAO Dennis Liu sold 3,507 shares of the stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $59.60, for a total transaction of $209,017.20. Following the completion of the sale, the chief accounting officer owned 12,363 shares in the company, valued at approximately $736,834.80. This trade represents a 22.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CLEAR Secure Stock Performance

YOU traded down $0.84 during trading hours on Friday, reaching $55.66. The company's stock had a trading volume of 1,317,350 shares, compared to its average volume of 1,666,877. CLEAR Secure, Inc. has a 52 week low of $30.98 and a 52 week high of $69.07. The firm has a market cap of $7.53 billion, a PE ratio of 32.74 and a beta of 0.99. The company's 50-day moving average is $43.63 and its 200-day moving average is $47.85.

CLEAR Secure (NYSE:YOU - Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.04. CLEAR Secure had a return on equity of 87.30% and a net margin of 16.23%. The business had revenue of $292.85 million during the quarter, compared to analysts' expectations of $286.65 million. During the same period last year, the firm posted $0.29 EPS. The firm's revenue for the quarter was up 27.8% compared to the same quarter last year. Equities analysts anticipate that CLEAR Secure, Inc. will post 1.88 earnings per share for the current fiscal year.

CLEAR Secure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 24th. Stockholders of record on Thursday, December 10th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, December 10th. CLEAR Secure's dividend payout ratio is currently 35.29%.

Wall Street Analyst Weigh In

YOU has been the subject of a number of analyst reports. The Goldman Sachs Group reiterated a "buy" rating and set a $80.00 price target on shares of CLEAR Secure in a research note on Wednesday. Wall Street Zen downgraded CLEAR Secure from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 5th. Needham & Company LLC boosted their target price on shares of CLEAR Secure from $70.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday. JPMorgan Chase & Co. boosted their price target on shares of CLEAR Secure from $55.00 to $75.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, Weiss Ratings raised shares of CLEAR Secure from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $66.86.

Institutional Investors Weigh In On CLEAR Secure

Hedge funds have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership raised its position in CLEAR Secure by 0.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,680,942 shares of the company's stock valued at $129,784,000 after purchasing an additional 8,883 shares during the period. Congress Asset Management Co. purchased a new stake in shares of CLEAR Secure during the third quarter worth approximately $78,843,000. Copeland Capital Management LLC lifted its position in shares of CLEAR Secure by 4.7% during the 3rd quarter. Copeland Capital Management LLC now owns 1,761,051 shares of the company's stock worth $73,876,000 after purchasing an additional 78,553 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of CLEAR Secure by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,711,291 shares of the company's stock worth $82,848,000 after acquiring an additional 40,880 shares in the last quarter. Finally, Wedge Capital Management L L P NC acquired a new stake in CLEAR Secure during the second quarter worth approximately $82,542,000. 73.80% of the stock is owned by institutional investors.

CLEAR Secure News Roundup

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

• Positive Sentiment: CLEAR Secure reported quarterly earnings of $0.52 per share, beating the $0.48 consensus estimate, while revenue of $292.85 million topped forecasts and rose 27.8% year over year. Shares were reported up 26.9% following the strong results. Article: CLEAR Secure stock price up on strong earnings
• Positive Sentiment: JPMorgan raised its price target from $55 to $75 and maintained an “overweight” rating, signaling substantial upside in its view. JPMorgan rating information
• Positive Sentiment: Needham also forecast strong price appreciation, adding to the favorable analyst outlook. Needham forecast article
• Positive Sentiment: The company declared a quarterly dividend of $0.15 per share, or $0.60 annualized, providing a modest shareholder return.
• Neutral Sentiment: CLEAR announced a travel-dining partnership with goop kitchen, including member perks and a free month of CLEAR+. It may support customer engagement, though the financial impact was not specified. CLEAR and goop kitchen partnership announcement
• Neutral Sentiment: Chief Accounting Officer Dennis Liu sold 3,507 shares under a pre-arranged Rule 10b5-1 plan and retained 12,363 shares, which may temper concern about the sale.
• Negative Sentiment: Wells Fargo raised its target from $45 to $50 but kept an “underweight” rating, indicating it sees downside from the share price referenced in its report. Wells Fargo rating information

CLEAR Secure Company Profile

CLEAR Secure, Inc provides identity verification and secure access services through its CLEAR platform. The company uses biometric authentication and other identity technologies to help verify individuals and streamline access to participating locations and services.

Its consumer offerings include CLEAR Plus, a membership service that allows enrolled members to verify their identities at participating airports, and CLEAR Reserve, which enables travelers to reserve a time to proceed through select airport security checkpoints.

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