CLEAR Secure (NYSE:YOU) EVP Kyle Mclaughlin Sells 4,499 Shares of Stock

CLEAR Secure, Inc. (NYSE:YOU) EVP Kyle McLaughlin sold 4,499 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $44.47, for a total transaction of $200,070.53. Following the completion of the sale, the executive vice president directly owned 29,519 shares in the company, valued at approximately $1,312,709.93. This trade represents a 13.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

CLEAR Secure Trading Up 1.5%

Shares of YOU stock opened at $44.67 on Friday. The firm’s 50 day moving average is $51.05 and its 200 day moving average is $51.17. The stock has a market capitalization of $6.04 billion, a P/E ratio of 30.39 and a beta of 1.04. CLEAR Secure, Inc. has a 12 month low of $29.43 and a 12 month high of $69.07.

CLEAR Secure (NYSE:YOU) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.09. CLEAR Secure had a net margin of 14.78% and a return on equity of 71.51%. The business had revenue of $277.76 million during the quarter, compared to analyst estimates of $269.71 million. During the same period in the previous year, the business earned $0.26 EPS. CLEAR Secure’s revenue was up 26.6% compared to the same quarter last year. On average, equities analysts predict that CLEAR Secure, Inc. will post 1.88 EPS for the current year.

CLEAR Secure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 10th. CLEAR Secure’s dividend payout ratio (DPR) is presently 40.82%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on YOU. Telsey Advisory Group boosted their price objective on CLEAR Secure from $62.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Wall Street Zen upgraded CLEAR Secure from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. JPMorgan Chase & Co. assumed coverage on CLEAR Secure in a report on Monday, August 24th. They set an “overweight” rating and a $55.00 target price for the company. The Goldman Sachs Group set a $70.00 price target on CLEAR Secure in a research report on Monday, July 20th. Finally, Weiss Ratings downgraded shares of CLEAR Secure from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Five 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 MarketBeat, CLEAR Secure presently has a consensus rating of “Hold” and an average price target of $59.71.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System boosted its stake in CLEAR Secure by 5,221.7% during the second quarter. California State Teachers Retirement System now owns 5,437,910 shares of the company’s stock valued at $303,055,000 after buying an additional 5,335,727 shares during the period. Durable Capital Partners LP boosted its position in shares of CLEAR Secure by 153.1% during the 2nd quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock valued at $207,932,000 after acquiring an additional 4,531,161 shares during the last quarter. Wedge Capital Management L L P NC bought a new stake in shares of CLEAR Secure during the 2nd quarter valued at about $82,542,000. Jacobs Levy Equity Management Inc. grew its holdings in shares of CLEAR Secure by 6,038.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,463,717 shares of the company’s stock worth $48,859,000 after purchasing an additional 1,439,873 shares in the last quarter. Finally, Squarepoint Ops LLC grew its holdings in shares of CLEAR Secure by 4,573.0% during the second quarter. Squarepoint Ops LLC now owns 929,033 shares of the company’s stock worth $25,790,000 after purchasing an additional 909,152 shares in the last quarter. Institutional investors own 73.80% of the company’s stock.

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.