Clear Secure, Inc. (NYSE:YOU – Get Free Report) CFO Kenneth L. Cornick sold 250,000 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $32.30, for a total transaction of $8,075,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Clear Secure Price Performance
YOU opened at $32.85 on Friday. The firm has a market capitalization of $4.76 billion, a PE ratio of 58.66 and a beta of 1.65. Clear Secure, Inc. has a fifty-two week low of $15.28 and a fifty-two week high of $33.85. The company’s 50-day moving average is $26.26 and its 200 day moving average is $21.26.
Clear Secure (NYSE:YOU – Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.26 by $0.08. The firm had revenue of $186.75 million during 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 company’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.05 earnings per share. As a group, analysts expect that Clear Secure, Inc. will post 1.01 EPS for the current year.
Clear Secure Dividend Announcement
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on YOU. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price objective on shares of Clear Secure in a report on Wednesday, August 7th. The Goldman Sachs Group upped their price target on Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $34.00 price objective on shares of Clear Secure in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $29.20.
Institutional Trading of Clear Secure
Several institutional investors and hedge funds have recently made changes to their positions in the company. Montag A & Associates Inc. purchased a new position in Clear Secure during the first quarter worth about $26,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Clear Secure during the 2nd quarter worth approximately $26,000. Quarry LP boosted its stake in shares of Clear Secure by 86.4% in the 4th quarter. Quarry LP now owns 2,509 shares of the company’s stock worth $52,000 after buying an additional 1,163 shares during the last quarter. Plato Investment Management Ltd grew its holdings in shares of Clear Secure by 10,535.4% in the second quarter. Plato Investment Management Ltd now owns 5,105 shares of the company’s stock valued at $96,000 after acquiring an additional 5,057 shares in the last quarter. Finally, CWM LLC increased its position in shares of Clear Secure by 968.0% during the second quarter. CWM LLC now owns 7,252 shares of the company’s stock valued at $136,000 after acquiring an additional 6,573 shares during the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.
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.
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