Insider Selling: CLEAR Secure (NYSE:YOU) CAO Sells $209,017.20 in Stock

CLEAR Secure, Inc. (NYSE:YOU) CAO Dennis Liu sold 3,507 shares of the business’s 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 in the company, valued at $736,834.80. The trade was a 22.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CLEAR Secure Price Performance

Shares of YOU stock traded down $0.84 during midday trading on Friday, reaching $55.66. 1,317,350 shares of the company traded hands, compared to its average volume of 1,666,877. The firm’s 50 day simple moving average is $43.63 and its two-hundred day simple moving average is $47.85. The firm has a market cap of $7.53 billion, a PE ratio of 32.74 and a beta of 0.99. CLEAR Secure, Inc. has a 1-year low of $30.98 and a 1-year high of $69.07.

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, topping the consensus estimate of $0.48 by $0.04. The firm had revenue of $292.85 million during the quarter, compared to the consensus estimate of $286.65 million. CLEAR Secure had a return on equity of 87.30% and a net margin of 16.23%. The company’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 EPS. As a group, research analysts anticipate that CLEAR Secure, Inc. will post 1.88 earnings per share for the current fiscal year.

CLEAR Secure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 24th. Stockholders of record on Thursday, December 10th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis 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%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its holdings in CLEAR Secure by 2,283.3% during 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 in the last quarter. Jacobi Capital Management LLC acquired a new position in shares of CLEAR Secure in the 3rd quarter valued at $36,000. Rockefeller Capital Management L.P. grew its position in shares of CLEAR Secure by 92.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,108 shares of the company’s stock worth $39,000 after buying an additional 532 shares during the period. Reyes Financial Architecture Inc. acquired a new stake in CLEAR Secure in the third quarter worth $55,000. Finally, Allworth Financial LP grew its position in shares of CLEAR Secure by 26.9% in the 3rd quarter. Allworth Financial LP now owns 1,559 shares of the company’s stock valued at $65,000 after purchasing an additional 330 shares during the period. Institutional investors own 73.80% of the company’s stock.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Weiss Ratings upgraded 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. boosted their price objective on CLEAR Secure from $55.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday. Needham & Company LLC raised their target price on shares of CLEAR Secure from $70.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday. Wall Street Zen cut CLEAR Secure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 5th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $80.00 price target on shares of CLEAR Secure in a report on Wednesday. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, CLEAR Secure currently has a consensus rating of “Hold” and a consensus target price of $66.86.

CLEAR Secure Company Profile

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.