CLEAR Secure, Inc. (NYSE:YOU) Director Sells $150,000.00 in Stock

CLEAR Secure, Inc. (NYSE:YOU - Get Free Report) Director Adam Wiener sold 5,000 shares of the stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $30.00, for a total value of $150,000.00. Following the transaction, the director owned 207,634 shares of the company's stock, valued at $6,229,020. The trade was a 2.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Adam Wiener also recently made the following trade(s):

• On Tuesday, July 1st, Adam Wiener sold 3,000 shares of CLEAR Secure stock. The shares were sold at an average price of $27.50, for a total transaction of $82,500.00.

CLEAR Secure Price Performance

YOU stock traded up $0.31 during mid-day trading on Tuesday, reaching $29.85. 1,638,451 shares of the company's stock were exchanged, compared to its average volume of 2,088,728. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 17.48 and a beta of 1.25. CLEAR Secure, Inc. has a 12-month low of $18.23 and a 12-month high of $38.88. The stock's 50 day moving average is $26.39 and its 200 day moving average is $25.54.

CLEAR Secure (NYSE:YOU - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.04). The company had revenue of $211.40 million during the quarter, compared to analysts' expectations of $208.02 million. CLEAR Secure had a net margin of 21.96% and a return on equity of 115.09%. CLEAR Secure's revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter last year, the company earned $0.28 earnings per share. On average, research analysts forecast that CLEAR Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

CLEAR Secure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 10th were given a $0.125 dividend. The ex-dividend date was Tuesday, June 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.68%. CLEAR Secure's dividend payout ratio (DPR) is presently 31.25%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wall Street Zen downgraded CLEAR Secure from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $32.00 price target on shares of CLEAR Secure in a research report on Friday, May 9th. Finally, Needham & Company LLC reissued a "buy" rating and set a $45.00 price objective on shares of CLEAR Secure in a research report on Monday, March 24th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, CLEAR Secure has a consensus rating of "Moderate Buy" and an average price target of $32.00.

Institutional Investors Weigh In On CLEAR Secure

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harbour Investments Inc. lifted its stake in shares of CLEAR Secure by 23.0% in the fourth quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock valued at $64,000 after purchasing an additional 450 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in shares of CLEAR Secure by 0.8% during the first quarter. Robeco Institutional Asset Management B.V. now owns 62,763 shares of the company's stock worth $1,626,000 after buying an additional 481 shares in the last quarter. Maryland State Retirement & Pension System raised its holdings in CLEAR Secure by 1.6% in the 4th quarter. Maryland State Retirement & Pension System now owns 31,661 shares of the company's stock valued at $843,000 after acquiring an additional 509 shares during the last quarter. Cim LLC lifted its stake in shares of CLEAR Secure by 1.0% during the 1st quarter. Cim LLC now owns 58,156 shares of the company's stock worth $1,507,000 after purchasing an additional 590 shares during the period. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of CLEAR Secure by 3.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 18,737 shares of the company's stock worth $499,000 after purchasing an additional 612 shares during the last quarter. Hedge funds and other institutional investors 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.