Kyle Mclaughlin Sells 8,000 Shares of CLEAR Secure (NYSE:YOU) Stock

CLEAR Secure, Inc. (NYSE:YOU) EVP Kyle Mclaughlin sold 8,000 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $56.20, for a total transaction of $449,600.00. Following the transaction, the executive vice president directly owned 29,519 shares in the company, valued at $1,658,967.80. The trade was a 21.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CLEAR Secure Price Performance

CLEAR Secure stock opened at $54.56 on Friday. The company has a market capitalization of $7.27 billion, a price-to-earnings ratio of 44.00 and a beta of 1.08. The company’s fifty day moving average price is $54.84 and its two-hundred day moving average price is $43.68. CLEAR Secure, Inc. has a one year low of $24.06 and a one year high of $62.73.

CLEAR Secure (NYSE:YOU) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.03. The company had revenue of $253.00 million for the quarter, compared to the consensus estimate of $244.38 million. CLEAR Secure had a return on equity of 68.98% and a net margin of 13.01%.The firm’s revenue was up 19.7% compared to the same quarter last year. During the same period last year, the business posted $0.26 earnings per share. As a group, sell-side analysts anticipate that CLEAR Secure, Inc. will post 1.78 earnings per share for the current year.

CLEAR Secure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, June 10th. CLEAR Secure’s dividend payout ratio (DPR) is currently 48.39%.

Institutional Investors Weigh In On CLEAR Secure

A number of institutional investors have recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. raised its position in CLEAR Secure by 6.5% in the 4th quarter. Daiwa Securities Group Inc. now owns 5,257 shares of the company’s stock worth $184,000 after purchasing an additional 323 shares during the last quarter. SBI Securities Co. Ltd. raised its position in CLEAR Secure by 14.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 3,634 shares of the company’s stock worth $121,000 after purchasing an additional 447 shares during the last quarter. Pictet Asset Management Holding SA raised its position in CLEAR Secure by 3.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 12,744 shares of the company’s stock worth $617,000 after purchasing an additional 447 shares during the last quarter. Blue Trust Inc. raised its position in CLEAR Secure by 13.4% in the 4th quarter. Blue Trust Inc. now owns 3,814 shares of the company’s stock worth $134,000 after purchasing an additional 451 shares during the last quarter. Finally, Aspen Investment Management Inc raised its position in CLEAR Secure by 5.2% in the 1st quarter. Aspen Investment Management Inc now owns 10,175 shares of the company’s stock worth $493,000 after purchasing an additional 500 shares during the last quarter. 73.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $75.00 price target on shares of CLEAR Secure in a research report on Thursday, May 7th. Weiss Ratings raised CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. Stifel Nicolaus set a $60.00 price target on CLEAR Secure in a research report on Thursday, May 7th. Telsey Advisory Group raised their price target on CLEAR Secure from $62.00 to $68.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Finally, Zacks Research raised CLEAR Secure from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, CLEAR Secure presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

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.