Insider Selling: CLEAR Secure, Inc. (NYSE:YOU) President Sells 20,000 Shares of 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 business's stock in a transaction dated 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 directly owned 12,725 shares of the company's stock, valued at $417,507.25. This represents a 61.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

CLEAR Secure Stock Performance

Shares of NYSE YOU traded up $0.22 during mid-day trading on Monday, hitting $32.24. The stock had a trading volume of 610,410 shares, compared to its average volume of 1,958,823. The business has a 50 day moving average price of $28.10 and a two-hundred 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 $4.29 billion, a P/E ratio of 20.17 and a beta of 1.25.

CLEAR Secure (NYSE:YOU - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.26 earnings per share 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 business had revenue of $219.47 million for the quarter, compared to the consensus estimate of $214.90 million. During the same period last year, the firm earned $0.34 earnings per share. The company's quarterly revenue was up 17.6% on a year-over-year basis. Equities research 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 paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, September 10th. CLEAR Secure's payout ratio is 31.25%.

Analyst Ratings Changes

YOU has been the topic of several recent analyst reports. Telsey Advisory Group lifted their target price on shares of CLEAR Secure from $32.00 to $37.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. Wells Fargo & Company upped their target price on CLEAR Secure from $23.00 to $25.00 and gave the stock an "underweight" rating in a report on Wednesday, August 6th. Stifel Nicolaus increased their price target 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 lowered CLEAR Secure from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Finally, The Goldman Sachs Group boosted their price target on CLEAR Secure from $33.00 to $37.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $33.00.

Institutional Inflows and Outflows

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