Insider Selling: Clear Secure, Inc. (NYSE:YOU) Insider Sells 7,500 Shares of Stock

Clear Secure, Inc. (NYSE:YOU) insider Richard N. Jr. Patterson sold 7,500 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $27.04, for a total value of $202,800.00. Following the transaction, the insider now directly owns 26,727 shares of the company’s stock, valued at $722,698.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Clear Secure Stock Up 3.9 %

NYSE:YOU traded up $1.07 during mid-day trading on Thursday, reaching $28.36. 2,682,783 shares of the stock were exchanged, compared to its average volume of 1,536,861. The company has a 50 day simple moving average of $20.26 and a 200-day simple moving average of $19.27. The stock has a market capitalization of $4.11 billion, a P/E ratio of 51.14 and a beta of 1.58. Clear Secure, Inc. has a 1 year low of $15.28 and a 1 year high of $28.72.

Clear Secure (NYSE:YOU) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The firm had revenue of $186.75 million for the quarter, compared to the consensus estimate of $183.78 million. Clear Secure had a return on equity of 35.33% and a net margin of 10.36%. The firm’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 EPS. As a group, research analysts predict that Clear Secure, Inc. will post 0.82 EPS for the current year.

Clear Secure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 10th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, September 10th. This represents a $0.40 dividend on an annualized basis and a yield of 1.41%. Clear Secure’s payout ratio is 71.43%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wedbush reiterated a “neutral” rating and issued a $21.00 price objective on shares of Clear Secure in a report on Wednesday, May 8th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of Clear Secure in a report on Wednesday, August 7th. Telsey Advisory Group reiterated an “outperform” rating and issued a $34.00 price objective on shares of Clear Secure in a report on Wednesday, August 7th. Finally, The Goldman Sachs Group increased their price objective on Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $29.20.

Institutional Trading of Clear Secure

Hedge funds have recently added to or reduced their stakes in the stock. Montag A & Associates Inc. acquired a new stake in Clear Secure during the 1st quarter worth approximately $26,000. Quarry LP lifted its position in Clear Secure by 86.4% during the 4th quarter. Quarry LP now owns 2,509 shares of the company’s stock worth $52,000 after acquiring an additional 1,163 shares during the period. Plato Investment Management Ltd lifted its position in Clear Secure by 10,535.4% during the 2nd quarter. Plato Investment Management Ltd now owns 5,105 shares of the company’s stock worth $96,000 after acquiring an additional 5,057 shares during the period. CWM LLC lifted its position in Clear Secure by 968.0% during the 2nd quarter. CWM LLC now owns 7,252 shares of the company’s stock worth $136,000 after acquiring an additional 6,573 shares during the period. Finally, nVerses Capital LLC acquired a new stake in shares of Clear Secure in the 2nd quarter valued at approximately $137,000. 73.80% of the stock is owned by institutional investors and hedge funds.

About Clear Secure

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.