Michael Barkin Sells 11,550 Shares of CLEAR Secure (NYSE:YOU) Stock

CLEAR Secure, Inc. (NYSE:YOU) President Michael Barkin sold 11,550 shares of CLEAR Secure stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $56.29, for a total value of $650,149.50. Following the transaction, the president directly owned 22,994 shares in the company, valued at approximately $1,294,332.26. This trade represents a 33.44% decrease in their position. 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 Trading Down 2.4%

NYSE:YOU traded down $1.38 on Friday, hitting $55.34. 1,809,868 shares of the company’s stock traded hands, compared to its average volume of 1,674,464. The firm has a 50-day moving average price of $54.29 and a 200-day moving average price of $43.02. The company has a market cap of $7.38 billion, a PE ratio of 44.63 and a beta of 1.09. CLEAR Secure, Inc. has a 1 year low of $24.06 and a 1 year high of $62.73.

CLEAR Secure (NYSE:YOU) last issued its earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. The company had revenue of $253.00 million during the quarter, compared to analyst estimates of $244.38 million. CLEAR Secure had a net margin of 13.01% and a return on equity of 68.98%. The company’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter last year, the business posted $0.26 EPS. On average, research analysts forecast that CLEAR Secure, Inc. will post 1.78 EPS for the current fiscal year.

CLEAR Secure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. CLEAR Secure’s dividend payout ratio (DPR) is 48.39%.

Institutional Investors Weigh In On CLEAR Secure

Institutional investors and hedge funds have recently modified their holdings of the business. Geneos Wealth Management Inc. lifted its stake in shares of CLEAR Secure by 329.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $25,000 after purchasing an additional 748 shares during the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of CLEAR Secure in the 1st quarter valued at $28,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of CLEAR Secure by 249.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 867 shares of the company’s stock valued at $30,000 after purchasing an additional 619 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of CLEAR Secure by 2,283.3% in the 1st quarter. Parallel Advisors LLC now owns 715 shares of the company’s stock valued at $35,000 after purchasing an additional 685 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in shares of CLEAR Secure by 118.8% in the 4th quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock valued at $36,000 after purchasing an additional 555 shares during the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on YOU. Zacks Research raised shares of CLEAR Secure from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. The Goldman Sachs Group reissued a “buy” rating and set a $75.00 target price on shares of CLEAR Secure in a research note on Thursday, May 7th. Wall Street Zen raised shares of CLEAR Secure from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. lifted their target price on shares of CLEAR Secure from $42.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. Finally, Wells Fargo & Company lifted their target price on shares of CLEAR Secure from $33.00 to $40.00 and gave the company an “underweight” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $60.00.

CLEAR Secure Company Profile

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.