CLEAR Secure (NYSE:YOU) EVP Sells $200,070.53 in Stock

by · The Markets Daily

CLEAR Secure, Inc. (NYSE:YOUGet Free Report) EVP Kyle McLaughlin sold 4,499 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was 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 of the company’s stock, valued at $1,312,709.93. This trade represents a 13.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 Price Performance

Shares of YOU stock traded up $0.64 on Thursday, hitting $44.67. The company’s stock had a trading volume of 1,360,597 shares, compared to its average volume of 1,812,356. The stock has a market capitalization of $6.04 billion, a price-to-earnings ratio of 30.39 and a beta of 1.04. CLEAR Secure, Inc. has a fifty-two week low of $29.43 and a fifty-two week high of $69.07. The firm’s fifty day moving average price is $51.05 and its 200-day moving average price is $51.17.

CLEAR Secure (NYSE:YOUGet Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.49 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 company had revenue of $277.76 million for the quarter, compared to the consensus estimate of $269.71 million. During the same period in the previous year, the business posted $0.26 EPS. The company’s revenue for the quarter was up 26.6% on a year-over-year basis. Analysts predict that CLEAR Secure, Inc. will post 1.88 EPS for the current fiscal year.

CLEAR Secure Announces Dividend

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

Analyst Upgrades and Downgrades

YOU has been the subject of a number of recent research reports. Zacks Research cut shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Needham & Company LLC boosted their price objective on shares of CLEAR Secure from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. DA Davidson decreased their price target on CLEAR Secure from $60.00 to $55.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. JPMorgan Chase & Co. began coverage on CLEAR Secure in a report on Monday, August 24th. They set an “overweight” rating and a $55.00 price objective for the company. Finally, Wall Street Zen upgraded shares of CLEAR Secure from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, CLEAR Secure currently has a consensus rating of “Hold” and an average price target of $59.71.

Get Our Latest Analysis on CLEAR Secure

Institutional Investors Weigh In On CLEAR Secure

Institutional investors and hedge funds have recently modified their holdings of the company. Geneos Wealth Management Inc. grew its holdings in CLEAR Secure by 329.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $25,000 after buying an additional 748 shares in the last quarter. Advisors Asset Management Inc. bought a new position in CLEAR Secure in the first quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd lifted its stake in CLEAR Secure by 249.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 867 shares of the company’s stock worth $30,000 after purchasing an additional 619 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of CLEAR Secure by 2,283.3% in 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 during the last quarter. Finally, Allworth Financial LP raised its holdings in shares of CLEAR Secure by 118.8% during the 4th quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock worth $36,000 after buying an additional 555 shares in the last quarter. 73.80% of the stock is owned by institutional investors.

CLEAR Secure Company Profile

(Get Free Report)

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.

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