CLEAR Secure (NYSE:YOU) President Michael Barkin Sells 11,444 Shares of Stock

CLEAR Secure, Inc. (NYSE:YOU) President Michael Barkin sold 11,444 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $45.00, for a total value of $514,980.00. Following the completion of the sale, the president owned 11,550 shares of the company’s stock, valued at $519,750. The trade was a 49.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CLEAR Secure Stock Up 1.5%

NYSE:YOU opened at $44.67 on Friday. The business’s 50-day simple moving average is $51.05 and its two-hundred day simple moving average is $51.17. CLEAR Secure, Inc. has a 52 week low of $29.43 and a 52 week high of $69.07. The stock has a market cap of $6.04 billion, a PE ratio of 30.39 and a beta of 1.04.

CLEAR Secure (NYSE:YOU) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.09. CLEAR Secure had a return on equity of 71.51% and a net margin of 14.78%.The firm had revenue of $277.76 million during the quarter, compared to analyst estimates of $269.71 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The business’s quarterly revenue was up 26.6% compared to the same quarter last year. Sell-side analysts anticipate that CLEAR Secure, Inc. will post 1.88 earnings per share for the current fiscal year.

CLEAR Secure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, September 10th. CLEAR Secure’s dividend payout ratio is presently 40.82%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus set a $60.00 price objective on shares of CLEAR Secure in a research report on Thursday, May 7th. Weiss Ratings lowered shares of CLEAR Secure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Wall Street Zen raised shares of CLEAR Secure from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. JPMorgan Chase & Co. assumed coverage on shares of CLEAR Secure in a research note on Monday, August 24th. They set an “overweight” rating and a $55.00 target price for the company. Finally, Telsey Advisory Group lifted their price target on shares of CLEAR Secure from $62.00 to $68.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $59.71.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. increased its stake in CLEAR Secure by 329.5% during the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $25,000 after acquiring an additional 748 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in CLEAR Secure during the first quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd lifted 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 valued at $30,000 after purchasing an additional 619 shares during the last quarter. Parallel Advisors LLC lifted 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 valued at $35,000 after purchasing an additional 685 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings 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 period. Institutional investors own 73.80% of the company’s stock.

CLEAR Secure Company Profile

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.