Insider Selling: CLEAR Secure, Inc. (NYSE:YOU) CAO Sells 5,000 Shares of 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 CLEAR Secure 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 sale, the chief accounting officer directly owned 13,923 shares in the company, valued at approximately $467,812.80. The trade was a 26.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

CLEAR Secure Stock Performance

NYSE YOU traded down $0.58 during trading hours on Thursday, reaching $31.94. The stock had a trading volume of 1,400,844 shares, compared to its average volume of 1,723,333. CLEAR Secure, Inc. has a 52-week low of $21.67 and a 52-week high of $38.88. The stock has a market cap of $4.25 billion, a P/E ratio of 19.96 and a beta of 1.25. The stock has a fifty day moving average of $27.96 and a 200 day moving average of $25.92.

CLEAR Secure (NYSE:YOU - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.03. The firm had revenue of $219.47 million during the quarter, compared to analysts' expectations of $214.90 million. CLEAR Secure had a net margin of 21.17% and a return on equity of 122.69%. The business's quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 earnings per share. On average, equities research analysts forecast that CLEAR Secure, Inc. will post 0.98 EPS for the current year.

CLEAR Secure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders 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 1.6%. CLEAR Secure's dividend payout ratio is presently 31.25%.

Analyst Ratings Changes

YOU has been the topic of several analyst reports. 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 lifted their price objective on shares of CLEAR Secure from $23.00 to $25.00 and gave the stock an "underweight" rating in a research note on Wednesday. The Goldman Sachs Group raised their target price on shares of CLEAR Secure from $33.00 to $37.00 and gave the stock a "buy" rating in a report on Wednesday. Telsey Advisory Group upped their price target on shares of CLEAR Secure from $32.00 to $37.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, Stifel Nicolaus raised their price target on shares of CLEAR Secure from $26.00 to $28.00 and gave the stock a "hold" rating in a research note on Tuesday, July 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $33.00.

Institutional Trading of CLEAR Secure

Large investors have recently made changes to their positions in the company. Renaissance Technologies LLC raised its stake in CLEAR Secure by 15.7% during the 4th quarter. Renaissance Technologies LLC now owns 3,698,159 shares of the company's stock valued at $98,519,000 after acquiring an additional 501,000 shares during the last quarter. Wellington Management Group LLP grew its position in CLEAR Secure by 74.9% in the 4th quarter. Wellington Management Group LLP now owns 3,322,514 shares of the company's stock valued at $88,512,000 after buying an additional 1,422,999 shares during the last quarter. Durable Capital Partners LP acquired a new position in CLEAR Secure in the 1st quarter valued at $76,673,000. Copeland Capital Management LLC lifted its stake in shares of CLEAR Secure by 25.2% in the 2nd quarter. Copeland Capital Management LLC now owns 2,474,330 shares of the company's stock worth $68,687,000 after acquiring an additional 497,871 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of CLEAR Secure by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 2,433,165 shares of the company's stock worth $64,832,000 after acquiring an additional 86,311 shares during the period. 73.80% of the stock is owned by institutional investors and hedge funds.

CLEAR Secure Company Profile

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.

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