Clear Secure, Inc. (NYSE:YOU) Director Sells $4,956,000.00 in Stock

Clear Secure, Inc. (NYSE:YOU) Director Alclear Investments Ii, Llc sold 150,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $33.04, for a total value of $4,956,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Alclear Investments Ii, Llc also recently made the following trade(s):

• On Monday, September 16th, Alclear Investments Ii, Llc sold 122,579 shares of Clear Secure stock. The stock was sold at an average price of $31.04, for a total value of $3,804,852.16.
• On Monday, September 9th, Alclear Investments Ii, Llc sold 227,021 shares of Clear Secure stock. The stock was sold at an average price of $31.05, for a total value of $7,049,002.05.

Clear Secure Trading Down 0.1 %

NYSE YOU opened at $32.85 on Monday. Clear Secure, Inc. has a 12 month low of $15.28 and a 12 month high of $33.85. The stock has a 50-day simple moving average of $26.26 and a 200 day simple moving average of $21.27. The company has a market capitalization of $4.76 billion, a PE ratio of 58.66 and a beta of 1.65.

Clear Secure (NYSE:YOU) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.08. Clear Secure had a return on equity of 35.33% and a net margin of 10.36%. The company had revenue of $186.75 million during the quarter, compared to the consensus estimate of $183.78 million. During the same period in the prior year, the company earned $0.05 earnings per share. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. As a group, sell-side analysts predict that Clear Secure, Inc. will post 1.01 earnings per share for the current fiscal year.

Clear Secure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 10th were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.40 annualized dividend and a dividend yield of 1.22%. Clear Secure’s dividend payout ratio (DPR) is currently 71.43%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Needham & Company LLC restated a “buy” rating and set a $40.00 target price on shares of Clear Secure in a research report on Wednesday, August 7th. The Goldman Sachs Group upped 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $29.20.

Institutional Investors Weigh In On Clear Secure

Large investors have recently modified their holdings of the business. Russell Investments Group Ltd. increased its stake in shares of Clear Secure by 56.2% during the fourth quarter. Russell Investments Group Ltd. now owns 10,233 shares of the company’s stock worth $211,000 after purchasing an additional 3,683 shares during the period. Victory Capital Management Inc. bought a new position in shares of Clear Secure during the fourth quarter worth approximately $255,000. Charles Schwab Investment Management Inc. increased its stake in shares of Clear Secure by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 654,967 shares of the company’s stock worth $13,525,000 after purchasing an additional 12,469 shares during the period. Teacher Retirement System of Texas bought a new position in shares of Clear Secure during the fourth quarter worth approximately $212,000. Finally, Corient Private Wealth LLC bought a new position in shares of Clear Secure during the fourth quarter worth approximately $1,192,000. 73.80% of the stock is currently owned by institutional investors.

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.