CLEAR Secure (NYSE:YOU) Director Sells $320,000.00 in Stock

CLEAR Secure, Inc. (NYSE:YOU) Director Adam Wiener sold 8,000 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $40.00, for a total value of $320,000.00. Following the completion of the sale, the director directly owned 179,634 shares in the company, valued at approximately $7,185,360. The trade was a 4.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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.
• On Wednesday, October 1st, Adam Wiener sold 8,000 shares of CLEAR Secure stock. The shares were sold at an average price of $33.02, for a total value of $264,160.00.

CLEAR Secure Stock Performance

NYSE:YOU traded up $0.52 during mid-day trading on Tuesday, reaching $39.39. The stock had a trading volume of 1,463,285 shares, compared to its average volume of 1,536,667. The stock has a market capitalization of $5.25 billion, a P/E ratio of 24.02 and a beta of 1.22. The firm has a 50 day moving average price of $33.85 and a two-hundred day moving average price of $32.24. CLEAR Secure, Inc. has a one year low of $21.67 and a one year high of $42.29.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The company had revenue of $229.19 million during the quarter, compared to analysts’ expectations of $224.80 million. CLEAR Secure had a net margin of 20.97% and a return on equity of 119.82%. The firm’s revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 EPS. Research analysts forecast that CLEAR Secure, Inc. will post 0.98 earnings per share for the current year.

CLEAR Secure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 10th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, December 10th. CLEAR Secure’s dividend payout ratio is 30.49%.

Institutional Investors Weigh In On CLEAR Secure

Hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers raised its position in shares of CLEAR Secure by 17.6% in the 1st quarter. Cetera Investment Advisers now owns 13,918 shares of the company’s stock worth $361,000 after purchasing an additional 2,081 shares during the last quarter. Swiss National Bank lifted its stake in shares of CLEAR Secure by 6.1% in the first quarter. Swiss National Bank now owns 173,400 shares of the company’s stock worth $4,493,000 after buying an additional 9,900 shares in the last quarter. Invesco Ltd. grew its holdings in shares of CLEAR Secure by 74.9% during the first quarter. Invesco Ltd. now owns 978,584 shares of the company’s stock valued at $25,355,000 after buying an additional 419,133 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of CLEAR Secure by 187.7% during the first quarter. Russell Investments Group Ltd. now owns 45,744 shares of the company’s stock valued at $1,185,000 after acquiring an additional 29,846 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in shares of CLEAR Secure during the first quarter valued at approximately $455,000. 73.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. raised shares of CLEAR Secure from a “neutral” rating to an “overweight” rating and increased their price target for the company from $35.00 to $42.00 in a research report on Friday. Wells Fargo & Company increased their price objective on CLEAR Secure from $25.00 to $29.00 and gave the stock an “underweight” rating in a report on Friday, November 7th. Stifel Nicolaus set a $38.00 target price on CLEAR Secure in a research note on Thursday, November 6th. DA Davidson set a $46.00 price objective on shares of CLEAR Secure and gave the stock a “buy” rating in a report on Tuesday. Finally, Zacks Research lowered shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $39.86.

CLEAR Secure Company Profile

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.