Insider Selling: CLEAR Secure, Inc. (NYSE:YOU) Director Sells 5,000 Shares of Stock

CLEAR Secure, Inc. (NYSE:YOU - Get Free Report) Director Adam Wiener sold 5,000 shares of the firm's stock in a transaction that occurred 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. This trade represents a 2.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

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

CLEAR Secure Stock Down 2.6%

Shares of CLEAR Secure stock traded down $0.82 during trading on Friday, reaching $30.35. 1,805,777 shares of the company were exchanged, compared to its average volume of 2,077,881. CLEAR Secure, Inc. has a twelve month low of $18.23 and a twelve month high of $38.88. The business has a 50-day moving average price of $26.26 and a 200-day moving average price of $25.53. The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of 18.97 and a beta of 1.25.

CLEAR Secure (NYSE:YOU - Get Free Report) last posted its 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). CLEAR Secure had a net margin of 21.96% and a return on equity of 115.09%. The business had revenue of $211.40 million during the quarter, compared to analyst estimates of $208.02 million. During the same period in the previous year, the firm posted $0.28 earnings per share. The firm's revenue was up 18.1% on a year-over-year basis. On average, equities research analysts forecast that CLEAR Secure, Inc. will post 0.98 EPS for the current fiscal year.

CLEAR Secure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th were paid a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.65%. CLEAR Secure's payout ratio is 31.25%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. lifted its holdings in shares of CLEAR Secure by 329.5% in the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company's stock valued at $25,000 after purchasing an additional 748 shares in the last quarter. Harbor Investment Advisory LLC bought a new stake in shares of CLEAR Secure in the first quarter valued at about $27,000. Advisors Asset Management Inc. bought a new stake in shares of CLEAR Secure in the first quarter valued at about $28,000. Fifth Third Bancorp lifted its holdings in shares of CLEAR Secure by 217.0% in the first quarter. Fifth Third Bancorp now owns 1,116 shares of the company's stock valued at $29,000 after purchasing an additional 764 shares in the last quarter. Finally, Huntington National Bank bought a new stake in shares of CLEAR Secure in the fourth quarter valued at about $35,000. 73.80% of the stock is owned by institutional investors and hedge funds.

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.

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