Insider Selling: CLEAR Secure (NYSE:YOU) President Sells $650,149.50 in Stock

CLEAR Secure, Inc. (NYSE:YOU) President Michael Barkin sold 11,550 shares of CLEAR Secure stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $56.29, for a total transaction of $650,149.50. Following the completion of the sale, the president owned 22,994 shares in the company, valued at approximately $1,294,332.26. This represents a 33.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CLEAR Secure Stock Down 0.2%

Shares of NYSE:YOU opened at $55.34 on Monday. The company has a market cap of $7.38 billion, a PE ratio of 44.63 and a beta of 1.08. The company’s 50-day moving average price is $54.42 and its 200 day moving average price is $43.15. CLEAR Secure, Inc. has a fifty-two week low of $24.06 and a fifty-two week high of $62.73.

CLEAR Secure (NYSE:YOU) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.03. The firm had revenue of $253.00 million for the quarter, compared to the consensus estimate of $244.38 million. CLEAR Secure had a net margin of 13.01% and a return on equity of 68.98%. CLEAR Secure’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period last year, the firm posted $0.26 EPS. As a group, equities analysts anticipate that CLEAR Secure, Inc. will post 1.78 EPS for the current year.

CLEAR Secure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be given a $0.15 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $0.60 annualized dividend and a yield of 1.1%. CLEAR Secure’s dividend payout ratio (DPR) is currently 48.39%.

Analysts Set New Price Targets

YOU has been the topic of several research analyst reports. The Goldman Sachs Group reissued a “buy” rating and set a $75.00 target price on shares of CLEAR Secure in a research note on Thursday, May 7th. JPMorgan Chase & Co. raised their target price on shares of CLEAR Secure from $42.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. Stifel Nicolaus set a $60.00 target price on shares of CLEAR Secure in a research note on Thursday, May 7th. Needham & Company LLC raised their target price on shares of CLEAR Secure from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings raised shares of CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, CLEAR Secure has an average rating of “Moderate Buy” and an average target price of $60.00.

Hedge Funds Weigh In On CLEAR Secure

Hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC grew 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 worth $35,000 after purchasing an additional 685 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of CLEAR Secure by 249.6% in the 4th 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. Geneos Wealth Management Inc. grew its stake in shares of CLEAR Secure by 329.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $25,000 after purchasing an additional 748 shares during the last quarter. Allworth Financial LP grew its stake in shares of CLEAR Secure by 118.8% in the 4th quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock worth $36,000 after purchasing an additional 555 shares during the last quarter. Finally, Advisors Asset Management Inc. acquired a new position in shares of CLEAR Secure in the 1st quarter worth approximately $28,000. Institutional investors and hedge funds own 73.80% of the company’s stock.

About CLEAR Secure

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.