Insider Selling: 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 firm’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $35.00, for a total transaction of $490,000.00. Following the completion of the sale, the director directly owned 165,634 shares of the company’s stock, valued at approximately $5,797,190. This represents a 7.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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 value 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 value of $216,240.00.

CLEAR Secure Stock Performance

NYSE YOU opened at $35.84 on Thursday. The stock has a market capitalization of $4.77 billion, a P/E ratio of 21.85 and a beta of 1.22. CLEAR Secure, Inc. has a 52 week low of $21.67 and a 52 week high of $42.29. The stock has a fifty day moving average of $35.39 and a 200-day moving average of $33.41.

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

CLEAR Secure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 10th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, December 10th. CLEAR Secure’s dividend payout ratio (DPR) is 30.49%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on YOU. Stifel Nicolaus set a $38.00 price objective on shares of CLEAR Secure in a report on Thursday, November 6th. Zacks Research downgraded CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings restated a “hold (c+)” rating on shares of CLEAR Secure in a research report on Monday, December 29th. DA Davidson set a $46.00 price objective on CLEAR Secure and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Finally, Wells Fargo & Company increased their target price on CLEAR Secure from $25.00 to $29.00 and gave the company an “underweight” rating in a research note on Friday, November 7th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $40.86.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Durable Capital Partners LP raised its position in shares of CLEAR Secure by 153.1% during the second quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock worth $207,932,000 after purchasing an additional 4,531,161 shares during the period. First Trust Advisors LP increased its stake in CLEAR Secure by 1.2% during the 3rd quarter. First Trust Advisors LP now owns 3,063,062 shares of the company’s stock worth $102,245,000 after purchasing an additional 35,304 shares in the last quarter. Wellington Management Group LLP raised its holdings in CLEAR Secure by 5.9% during the 3rd quarter. Wellington Management Group LLP now owns 2,489,607 shares of the company’s stock worth $83,103,000 after buying an additional 139,048 shares during the period. Copeland Capital Management LLC raised its holdings in CLEAR Secure by 25.2% during the 2nd quarter. Copeland Capital Management LLC now owns 2,474,330 shares of the company’s stock worth $68,687,000 after buying an additional 497,871 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in CLEAR Secure by 35.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,633,346 shares of the company’s stock valued at $42,320,000 after buying an additional 430,035 shares in the last quarter. 73.80% of the stock is owned by institutional investors and hedge funds.

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.