Clear Secure, Inc. (NYSE:YOU) CFO Sells $8,075,000.00 in Stock

Clear Secure, Inc. (NYSE:YOU) 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) 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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 10th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Tuesday, September 10th. Clear Secure’s dividend payout ratio is 71.43%.

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.