Insider Selling: CLEAR Secure (NYSE:YOU) Insider Sells $260,396.24 in Stock

CLEAR Secure, Inc. (NYSE:YOU) insider Jonathan Schlegel sold 4,412 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $59.02, for a total transaction of $260,396.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

CLEAR Secure Trading Up 3.4%

NYSE YOU opened at $62.17 on Thursday. The company’s 50-day moving average price is $52.65 and its 200-day moving average price is $41.86. The stock has a market cap of $8.29 billion, a PE ratio of 50.14 and a beta of 1.09. CLEAR Secure, Inc. has a 12 month low of $23.88 and a 12 month high of $62.22.

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

CLEAR Secure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th will be given 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 yield of 1.0%. CLEAR Secure’s dividend payout ratio (DPR) is 48.39%.

Hedge Funds Weigh In On CLEAR Secure

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Needham & Company LLC boosted their price target on shares of CLEAR Secure from $60.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. DA Davidson restated a “neutral” rating and issued a $60.00 price target (down from $65.00) on shares of CLEAR Secure in a report on Thursday, May 7th. Zacks Research upgraded shares of CLEAR Secure from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Wall Street Zen upgraded shares of CLEAR Secure from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $75.00 price target on shares of CLEAR Secure in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average 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.