CLEAR Secure (NYSE:YOU) Insider Lynn Haaland Sells 11,064 Shares of Stock

CLEAR Secure, Inc. (NYSE:YOU) insider Lynn Haaland sold 11,064 shares of CLEAR Secure stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $47.44, for a total value of $524,876.16. Following the sale, the insider owned 7,375 shares in the company, valued at $349,870. This represents a 60.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Lynn Haaland also recently made the following trade(s):

• On Wednesday, February 25th, Lynn Haaland sold 15,533 shares of CLEAR Secure stock. The stock was sold at an average price of $45.00, for a total value of $698,985.00.
• On Friday, December 12th, Lynn Haaland sold 15,532 shares of CLEAR Secure stock. The shares were sold at an average price of $41.00, for a total value of $636,812.00.

CLEAR Secure Stock Up 1.4%

Shares of YOU stock traded up $0.66 during mid-day trading on Thursday, reaching $49.06. 126,110 shares of the company’s stock traded hands, compared to its average volume of 1,677,541. The company’s 50-day moving average price is $35.77 and its 200-day moving average price is $35.10. The company has a market cap of $6.53 billion, a P/E ratio of 43.80 and a beta of 1.13. CLEAR Secure, Inc. has a 12 month low of $23.00 and a 12 month high of $50.46.

CLEAR Secure (NYSE:YOU) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.31 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.31. CLEAR Secure had a net margin of 12.12% and a return on equity of 70.08%. The company had revenue of $240.75 million during the quarter, compared to analysts’ expectations of $235.66 million. During the same period last year, the company posted $0.91 EPS. CLEAR Secure’s revenue was up 16.7% on a year-over-year basis. Equities analysts predict that CLEAR Secure, Inc. will post 0.98 earnings per share for the current year.

CLEAR Secure Announces Dividend

The firm also recently announced a special dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.20 per share. This represents a dividend yield of 129.0%. The ex-dividend date is Tuesday, March 10th. CLEAR Secure’s dividend payout ratio (DPR) is presently 44.64%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Wells Fargo & Company raised their price objective on CLEAR Secure from $29.00 to $33.00 and gave the company an “underweight” rating in a research report on Thursday, February 26th. Telsey Advisory Group increased their target price on CLEAR Secure from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Weiss Ratings lowered CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 3rd. Stifel Nicolaus upped their price target on shares of CLEAR Secure from $38.00 to $51.00 and gave the stock a “hold” rating in a research note on Thursday, February 26th. Finally, Wall Street Zen lowered shares of CLEAR Secure from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $51.57.

Hedge Funds Weigh In On CLEAR Secure

A number of institutional investors have recently modified their holdings of YOU. Daiwa Securities Group Inc. grew its stake in CLEAR Secure by 6.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 5,257 shares of the company’s stock valued at $184,000 after purchasing an additional 323 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of CLEAR Secure by 22.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,804 shares of the company’s stock valued at $50,000 after buying an additional 330 shares in the last quarter. Personal CFO Solutions LLC boosted its holdings in shares of CLEAR Secure by 3.3% in the 2nd quarter. Personal CFO Solutions LLC now owns 10,362 shares of the company’s stock valued at $288,000 after buying an additional 332 shares in the last quarter. GAMMA Investing LLC grew its position in shares of CLEAR Secure by 5.0% in the 3rd quarter. GAMMA Investing LLC now owns 7,364 shares of the company’s stock worth $246,000 after buying an additional 351 shares during the last quarter. Finally, Savant Capital LLC raised its stake in shares of CLEAR Secure by 1.1% during the 2nd quarter. Savant Capital LLC now owns 34,508 shares of the company’s stock worth $958,000 after acquiring an additional 370 shares in the last quarter. 73.80% of the stock is owned by hedge funds and other institutional investors.

About CLEAR Secure

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.