Michael Z. Barkin Sells 20,000 Shares of CLEAR Secure, Inc. (NYSE:YOU) Stock

Key Points

• Michael Z. Barkin, President of CLEAR Secure, Inc. (NYSE: YOU), sold 20,000 shares at an average price of $32.81, reducing his ownership stake by 61.12% and leaving him with approximately 12,725 shares valued around $417,507.25.
• CLEAR Secure reported a net income of $0.26 EPS for the quarter, surpassing forecasts, with revenue increasing 17.6% year-over-year to $219.47 million.
• The company has announced a quarterly dividend of $0.125 per share, reflecting an annual dividend yield of 1.6%, with the payment date set for September 17th.

CLEAR Secure, Inc. (NYSE:YOU - Get Free Report) President Michael Z. Barkin sold 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $32.81, for a total transaction of $656,200.00. Following the completion of the sale, the president owned 12,725 shares of the company's stock, valued at approximately $417,507.25. This trade represents a 61.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

CLEAR Secure Trading Down 1.8%

Shares of NYSE:YOU traded down $0.58 on Thursday, hitting $31.94. 1,400,844 shares of the company were exchanged, compared to its average volume of 1,723,333. CLEAR Secure, Inc. has a 1-year low of $21.67 and a 1-year high of $38.88. The stock's 50 day moving average price is $27.96 and its 200 day moving average price is $25.92. The firm has a market capitalization of $4.25 billion, a P/E ratio of 19.96 and a beta of 1.25.

CLEAR Secure (NYSE:YOU - Get Free Report) last issued 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 net margin of 21.17% and a return on equity of 122.69%. The firm had revenue of $219.47 million during the quarter, compared to analysts' expectations of $214.90 million. During the same quarter last year, the company posted $0.34 earnings per share. The firm's revenue was up 17.6% compared to the same quarter last year. On average, equities analysts predict 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 will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 10th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 10th. CLEAR Secure's dividend payout ratio (DPR) is 31.25%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Durable Capital Partners LP purchased a new position in CLEAR Secure in the first quarter valued at $76,673,000. Wellington Management Group LLP increased its holdings in CLEAR Secure by 74.9% in the fourth 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 in the last quarter. Nuveen LLC purchased a new position in CLEAR Secure in the first quarter valued at $30,862,000. Copeland Capital Management LLC increased its holdings in CLEAR Secure by 71.4% in the first quarter. Copeland Capital Management LLC now owns 1,976,459 shares of the company's stock valued at $51,210,000 after buying an additional 823,166 shares in the last quarter. Finally, Ribbit Management Company LLC purchased a new position in CLEAR Secure in the fourth quarter valued at $14,598,000. Hedge funds and other institutional investors own 73.80% of the company's stock.

Analysts Set New Price Targets

YOU has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on shares of CLEAR Secure from $23.00 to $25.00 and gave the company an "underweight" rating in a research note on Wednesday. Wall Street Zen downgraded shares of CLEAR Secure from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Telsey Advisory Group lifted their price objective on shares of CLEAR Secure from $32.00 to $37.00 and gave the stock an "outperform" rating in a research note on Wednesday. Stifel Nicolaus lifted their price objective 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. Finally, The Goldman Sachs Group lifted their price objective on shares of CLEAR Secure from $33.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $33.00.

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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