Insider Selling: CLEAR Secure (NYSE:YOU) President Sells $514,980.00 in Stock

CLEAR Secure, Inc. (NYSE:YOU) President Michael Barkin sold 11,444 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $45.00, for a total transaction of $514,980.00. Following the completion of the sale, the president owned 11,550 shares in the company, valued at $519,750. This represents a 49.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CLEAR Secure Price Performance

NYSE:YOU traded up $0.64 during trading hours on Thursday, hitting $44.67. The stock had a trading volume of 1,360,597 shares, compared to its average volume of 1,812,356. The company has a 50 day simple moving average of $51.05 and a two-hundred day simple moving average of $51.17. The firm has a market capitalization of $6.04 billion, a price-to-earnings ratio of 30.39 and a beta of 1.04. CLEAR Secure, Inc. has a one year low of $29.43 and a one year high of $69.07.

CLEAR Secure (NYSE:YOU) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.09. CLEAR Secure had a net margin of 14.78% and a return on equity of 71.51%. The firm had revenue of $277.76 million for the quarter, compared to analysts’ expectations of $269.71 million. During the same quarter in the prior year, the firm posted $0.26 earnings per share. The business’s quarterly revenue was up 26.6% on a year-over-year basis. Equities research analysts anticipate that CLEAR Secure, Inc. will post 1.88 earnings per share for the current year.

CLEAR Secure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, September 10th. CLEAR Secure’s dividend payout ratio (DPR) is 40.82%.

Analyst Upgrades and Downgrades

YOU has been the topic of a number of recent analyst reports. Weiss Ratings downgraded shares of CLEAR Secure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. JPMorgan Chase & Co. started coverage on shares of CLEAR Secure in a report on Monday, August 24th. They issued an “overweight” rating and a $55.00 price target on the stock. Zacks Research cut shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Telsey Advisory Group lifted their price objective on shares of CLEAR Secure from $62.00 to $68.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Finally, The Goldman Sachs Group set a $70.00 target price on shares of CLEAR Secure in a research report on Monday, July 20th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, CLEAR Secure has an average rating of “Hold” and an average target price of $59.71.

Hedge Funds Weigh In On CLEAR Secure

Several institutional investors and hedge funds have recently made changes to their positions in YOU. One Capital Management LLC purchased a new stake in CLEAR Secure during the fourth quarter valued at about $1,270,000. Ashford Capital Management Inc. grew its position in CLEAR Secure by 97.5% during the 1st quarter. Ashford Capital Management Inc. now owns 533,268 shares of the company’s stock worth $25,816,000 after acquiring an additional 263,218 shares during the last quarter. Jupiter Asset Management Ltd. increased its stake in CLEAR Secure by 260.8% in the 4th quarter. Jupiter Asset Management Ltd. now owns 879,039 shares of the company’s stock worth $30,837,000 after purchasing an additional 635,400 shares during the period. Wedge Capital Management L L P NC purchased a new position in CLEAR Secure in the 2nd quarter worth approximately $82,542,000. Finally, Future Fund LLC bought a new stake in CLEAR Secure during the 4th quarter valued at $1,270,000. Institutional investors own 73.80% of the company’s stock.

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.