CLEAR Secure, Inc. (NYSE:YOU) CAO Sells $168,000.00 in Stock

Key Points

• CLEAR Secure's CAO, Dennis W. Liu, sold 5,000 shares at an average price of $33.60, representing a 26.42% decrease in his position.
• The company reported better-than-expected quarterly earnings of $0.26 per share, surpassing analysts' estimates of $0.23, with a revenue of $219.47 million.
• A quarterly dividend of $0.125 is scheduled for distribution on September 17th, offering a 1.6% yield based on current prices.

CLEAR Secure, Inc. (NYSE:YOU - Get Free Report) CAO Dennis W. Liu sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $33.60, for a total value of $168,000.00. Following the completion of the transaction, the chief accounting officer owned 13,923 shares of the company's stock, valued at $467,812.80. The trade was a 26.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

CLEAR Secure Stock Up 1.0%

YOU stock traded up $0.31 during trading on Monday, hitting $32.33. The company had a trading volume of 267,575 shares, compared to its average volume of 1,955,920. The firm has a 50-day moving average price of $28.10 and a 200-day moving average price of $25.99. CLEAR Secure, Inc. has a 1-year low of $21.67 and a 1-year high of $38.88. The firm has a market cap of $4.30 billion, a PE ratio of 20.15 and a beta of 1.25.

CLEAR Secure (NYSE:YOU - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.03. CLEAR Secure had a return on equity of 122.69% and a net margin of 21.17%. The company had revenue of $219.47 million for the quarter, compared to analysts' expectations of $214.90 million. During the same quarter in the previous year, the firm posted $0.34 EPS. The firm's quarterly revenue was up 17.6% on a year-over-year basis. Sell-side analysts anticipate that CLEAR Secure, Inc. will post 0.98 earnings per share for the current year.

CLEAR Secure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 10th will be issued a $0.125 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.5%. CLEAR Secure's dividend payout ratio is currently 31.25%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. The Goldman Sachs Group increased their price target on shares of CLEAR Secure from $33.00 to $37.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Stifel Nicolaus lifted their target price on CLEAR Secure from $26.00 to $28.00 and gave the company a "hold" rating in a report on Tuesday, July 29th. Wall Street Zen cut CLEAR Secure from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Wells Fargo & Company raised their price target on CLEAR Secure from $23.00 to $25.00 and gave the company an "underweight" rating in a research note on Wednesday, August 6th. Finally, Telsey Advisory Group raised their price target on CLEAR Secure from $32.00 to $37.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $33.00.

Institutional Investors Weigh In On CLEAR Secure

A number of institutional investors and hedge funds have recently modified their holdings of YOU. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in CLEAR Secure by 47.3% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 36,088 shares of the company's stock valued at $1,002,000 after buying an additional 11,588 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of CLEAR Secure by 76.9% during the 2nd quarter. Cetera Investment Advisers now owns 24,626 shares of the company's stock worth $684,000 after purchasing an additional 10,708 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in CLEAR Secure by 5.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,688 shares of the company's stock valued at $658,000 after buying an additional 1,190 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in CLEAR Secure in the 2nd quarter valued at about $15,090,000. Finally, Hodges Capital Management Inc. grew its holdings in CLEAR Secure by 16.1% in the 2nd quarter. Hodges Capital Management Inc. now owns 191,550 shares of the company's stock valued at $5,317,000 after buying an additional 26,549 shares during the period. Institutional investors and hedge funds own 73.80% of the company's stock.

About CLEAR Secure

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.