CLEAR Secure (NYSE:YOU) Stock: Insider Dennis Liu Sells 3,507 Shares

CLEAR Secure, Inc. (NYSE:YOU) CAO Dennis Liu sold 3,507 shares of CLEAR Secure stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $59.60, for a total value of $209,017.20. Following the transaction, the chief accounting officer owned 12,363 shares of the company’s stock, valued at $736,834.80. This represents a 22.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CLEAR Secure Stock Performance

YOU stock opened at $55.66 on Friday. CLEAR Secure, Inc. has a 1 year low of $30.98 and a 1 year high of $69.07. The firm has a market cap of $7.53 billion, a P/E ratio of 32.74 and a beta of 0.99. The stock’s 50 day moving average price is $43.86 and its 200 day moving average price is $47.95.

CLEAR Secure (NYSE:YOU) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. CLEAR Secure had a return on equity of 87.30% and a net margin of 16.23%. The business had revenue of $292.85 million for the quarter, compared to the consensus estimate of $286.65 million. During the same period in the prior year, the business earned $0.29 earnings per share. The business’s revenue was up 27.8% on a year-over-year basis. On average, research analysts predict that CLEAR Secure, Inc. will post 1.88 earnings per share for the current year.

CLEAR Secure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 24th. Shareholders of record on Thursday, December 10th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, December 10th. CLEAR Secure’s dividend payout ratio (DPR) is currently 35.29%.

Analyst Ratings Changes

Several brokerages recently issued reports on YOU. Weiss Ratings raised shares of CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. JPMorgan Chase & Co. lifted their target price on shares of CLEAR Secure from $55.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday. The Goldman Sachs Group reiterated a “buy” rating and issued a $80.00 price target on shares of CLEAR Secure in a report on Wednesday. Needham & Company LLC increased their price target on CLEAR Secure from $70.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Wall Street Zen lowered CLEAR Secure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 5th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $66.86.

Key CLEAR Secure News

Here are the key news stories impacting CLEAR Secure this week:

• Positive Sentiment: CLEAR Secure reported quarterly earnings of $0.52 per share, beating the $0.48 consensus estimate, while revenue of $292.85 million topped forecasts and rose 27.8% year over year. Shares were reported up 26.9% following the strong results. Article: CLEAR Secure stock price up on strong earnings
• Positive Sentiment: JPMorgan raised its price target from $55 to $75 and maintained an “overweight” rating, signaling substantial upside in its view. JPMorgan rating information
• Positive Sentiment: Needham also forecast strong price appreciation, adding to the favorable analyst outlook. Needham forecast article
• Positive Sentiment: The company declared a quarterly dividend of $0.15 per share, or $0.60 annualized, providing a modest shareholder return.
• Neutral Sentiment: CLEAR announced a travel-dining partnership with goop kitchen, including member perks and a free month of CLEAR+. It may support customer engagement, though the financial impact was not specified. CLEAR and goop kitchen partnership announcement
• Neutral Sentiment: Chief Accounting Officer Dennis Liu sold 3,507 shares under a pre-arranged Rule 10b5-1 plan and retained 12,363 shares, which may temper concern about the sale.
• Negative Sentiment: Wells Fargo raised its target from $45 to $50 but kept an “underweight” rating, indicating it sees downside from the share price referenced in its report. Wells Fargo rating information

Hedge Funds Weigh In On CLEAR Secure

Large investors have recently modified their holdings of the company. Parallel Advisors LLC grew its holdings in shares of CLEAR Secure by 2,283.3% during the 1st quarter. Parallel Advisors LLC now owns 715 shares of the company’s stock worth $35,000 after purchasing an additional 685 shares during the period. Jacobi Capital Management LLC purchased a new position in CLEAR Secure in the third quarter valued at approximately $36,000. Rockefeller Capital Management L.P. raised its holdings in CLEAR Secure by 92.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,108 shares of the company’s stock valued at $39,000 after buying an additional 532 shares during the period. Reyes Financial Architecture Inc. purchased a new position in CLEAR Secure in the third quarter valued at approximately $55,000. Finally, Allworth Financial LP lifted its position in CLEAR Secure by 26.9% during the third quarter. Allworth Financial LP now owns 1,559 shares of the company’s stock valued at $65,000 after buying an additional 330 shares in the last quarter. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

About CLEAR Secure

CLEAR Secure, Inc provides identity verification and secure access services through its CLEAR platform. The company uses biometric authentication and other identity technologies to help verify individuals and streamline access to participating locations and services.

Its consumer offerings include CLEAR Plus, a membership service that allows enrolled members to verify their identities at participating airports, and CLEAR Reserve, which enables travelers to reserve a time to proceed through select airport security checkpoints.