CLEAR Secure (NYSE:YOU) Director Sells $490,000.00 in Stock

CLEAR Secure, Inc. (NYSE:YOU) Director Adam Wiener sold 14,000 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $35.00, for a total value of $490,000.00. Following the completion of the transaction, the director owned 165,634 shares in the company, valued at $5,797,190. This represents a 7.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, December 12th, Adam Wiener sold 8,000 shares of CLEAR Secure stock. The stock was sold at an average price of $40.00, for a total transaction of $320,000.00.
• On Thursday, November 6th, Adam Wiener sold 6,000 shares of CLEAR Secure stock. The shares were sold at an average price of $36.04, for a total transaction of $216,240.00.

CLEAR Secure Trading Up 3.2%

YOU stock traded up $1.11 during midday trading on Monday, reaching $35.49. The company had a trading volume of 1,912,079 shares, compared to its average volume of 1,545,150. The company has a 50 day moving average of $35.22 and a two-hundred day moving average of $33.32. The company has a market capitalization of $4.73 billion, a P/E ratio of 21.64 and a beta of 1.22. CLEAR Secure, Inc. has a 1 year low of $21.67 and a 1 year high of $42.29.

CLEAR Secure (NYSE:YOU) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. CLEAR Secure had a net margin of 20.97% and a return on equity of 119.82%. The business had revenue of $229.19 million for the quarter, compared to analysts’ expectations of $224.80 million. During the same period in the previous year, the company posted $0.30 EPS. CLEAR Secure’s revenue was up 15.5% on a year-over-year basis. On average, sell-side analysts anticipate that CLEAR Secure, Inc. will post 0.98 earnings per share for the current year.

CLEAR Secure Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 10th were issued a $0.125 dividend. The ex-dividend date was Wednesday, December 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.4%. CLEAR Secure’s dividend payout ratio is currently 30.49%.

Hedge Funds Weigh In On CLEAR Secure

A number of institutional investors and hedge funds have recently bought and sold shares of YOU. Royal Bank of Canada boosted its holdings in CLEAR Secure by 59.7% in the 1st quarter. Royal Bank of Canada now owns 271,498 shares of the company’s stock valued at $7,034,000 after purchasing an additional 101,476 shares during the period. Amundi raised its position in shares of CLEAR Secure by 62.5% during the first quarter. Amundi now owns 3,743 shares of the company’s stock valued at $97,000 after buying an additional 1,440 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in shares of CLEAR Secure in the first quarter valued at about $28,000. AQR Capital Management LLC lifted its stake in shares of CLEAR Secure by 12.6% in the first quarter. AQR Capital Management LLC now owns 525,819 shares of the company’s stock valued at $13,624,000 after buying an additional 58,911 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in CLEAR Secure by 5.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,755 shares of the company’s stock worth $1,367,000 after buying an additional 2,801 shares in the last quarter. Institutional investors own 73.80% of the company’s stock.

Wall Street Analyst Weigh In

YOU has been the topic of several recent research reports. JPMorgan Chase & Co. upgraded CLEAR Secure from a “neutral” rating to an “overweight” rating and raised their target price for the company from $35.00 to $42.00 in a report on Friday, December 12th. Stifel Nicolaus set a $38.00 price objective on CLEAR Secure in a research note on Thursday, November 6th. Weiss Ratings restated a “hold (c+)” rating on shares of CLEAR Secure in a report on Monday, December 29th. Wells Fargo & Company increased their price target on CLEAR Secure from $25.00 to $29.00 and gave the company an “underweight” rating in a report on Friday, November 7th. Finally, Wall Street Zen lowered shares of CLEAR Secure from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, CLEAR Secure presently has an average rating of “Hold” and a consensus target price of $40.86.

CLEAR Secure Company Profile

CLEAR Secure, Inc operates a biometric identity platform designed to expedite identity verification for air travelers and venue guests. The company’s core offering is the CLEAR membership service, which uses fingerprint and iris scans to confirm a member’s identity and provide access to dedicated security lanes at participating airports. Members link government-issued IDs and personal biometric data via the CLEAR app, enabling faster processing through Transportation Security Administration (TSA) checkpoints and select event entrances.

Founded in 2010 by Caryn Seidman‐Becker and Ken Cornick, CLEAR is headquartered in New York City.