Insider Selling: CLEAR Secure (NYSE:YOU) President Sells $514,980.00 in Stock

CLEAR Secure, Inc. (NYSE:YOU) President Michael Barkin sold 11,444 shares of CLEAR Secure stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $45.00, for a total transaction of $514,980.00. Following the transaction, the president owned 11,550 shares in the company, valued at approximately $519,750. This trade represents a 49.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CLEAR Secure Stock Down 1.1%

NYSE YOU opened at $44.12 on Friday. The company has a market capitalization of $5.97 billion, a price-to-earnings ratio of 30.01 and a beta of 1.04. CLEAR Secure, Inc. has a twelve month low of $29.43 and a twelve month high of $69.07. The stock has a fifty day simple moving average of $50.83 and a 200 day simple moving average of $51.12.

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

CLEAR Secure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Thursday, September 10th. CLEAR Secure’s dividend payout ratio (DPR) is 40.82%.

Key Headlines Impacting CLEAR Secure

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

• Positive Sentiment: CLEAR Secure recently announced a quarterly dividend of $0.15 per share, equivalent to $0.60 annually and a yield of approximately 1.3%. The dividend may provide some support for income-focused investors. CLEAR Secure dividend and insider trading report
• Positive Sentiment: Institutional ownership remains high at 73.8%, while several funds increased their positions during the second quarter. California State Teachers’ Retirement System reported a particularly significant increase, adding more than 5.3 million shares.
• Positive Sentiment: The company’s latest quarterly results were stronger than expected: earnings per share reached $0.49 versus a $0.40 consensus estimate, while revenue rose 26.6% year over year to $277.76 million, above expectations.
• Neutral Sentiment: Analyst sentiment is mixed but currently averages a “Hold” rating. Five analysts rate the stock Buy, three rate it Hold and one rates it Sell. The consensus price target is $59.71, above recent trading levels, although DA Davidson recently lowered its target to $55 and retained a Neutral rating. CLEAR Secure analyst consensus report
• Negative Sentiment: Multiple executives sold shares totaling roughly $1.21 million. President Michael Barkin sold 11,444 shares, reducing his position by nearly 50%; EVP Kyle McLaughlin sold 4,499 shares; CAO Dennis Liu sold 2,104 shares; and another vice president sold 9,192 shares, or 31% of that executive’s prior stake. The Liu, McLaughlin and Barkin transactions were conducted under pre-arranged Rule 10b5-1 plans, with Liu’s sale specifically covering tax obligations, which makes the sales less concerning than discretionary selling but still creates short-term supply and sentiment pressure. CLEAR Secure executive share sales

Analyst Upgrades and Downgrades

YOU has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of CLEAR Secure from a “strong-buy” rating to a “buy” rating in a research report on Saturday. The Goldman Sachs Group set a $70.00 price target on shares of CLEAR Secure in a research report on Monday, July 20th. DA Davidson reduced their price objective on shares of CLEAR Secure from $60.00 to $55.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 28th. Zacks Research cut shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, JPMorgan Chase & Co. started coverage on shares of CLEAR Secure in a research note on Monday, August 24th. They set an “overweight” rating and a $55.00 target price for the company. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $59.71.

Hedge Funds Weigh In On CLEAR Secure

Several institutional investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. grew its position in shares of CLEAR Secure by 329.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $25,000 after buying an additional 748 shares during the period. Advisors Asset Management Inc. acquired a new position in shares of CLEAR Secure during the 1st quarter valued at $28,000. Caitong International Asset Management Co. Ltd lifted its position in shares of CLEAR Secure by 249.6% during the 4th 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 during the period. Parallel Advisors LLC boosted its stake in CLEAR Secure by 2,283.3% during the first quarter. Parallel Advisors LLC now owns 715 shares of the company’s stock worth $35,000 after acquiring an additional 685 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in CLEAR Secure by 118.8% during the fourth quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock worth $36,000 after acquiring an additional 555 shares in the last quarter. 73.80% of the stock is owned by institutional investors and hedge funds.

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.