CLEAR Secure, Inc. (NYSE:YOU – Get Free Report) EVP Kyle McLaughlin sold 4,499 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $44.47, for a total transaction of $200,070.53. Following the completion of the transaction, the executive vice president directly owned 29,519 shares in the company, valued at $1,312,709.93. The trade was a 13.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
CLEAR Secure Stock Performance
Shares of YOU traded up $0.64 during midday trading on Thursday, hitting $44.67. 1,360,597 shares of the stock were exchanged, compared to its average volume of 1,812,356. The firm has a market cap of $6.04 billion, a P/E ratio of 30.39 and a beta of 1.04. CLEAR Secure, Inc. has a 52-week low of $29.43 and a 52-week high of $69.07. The stock has a fifty day simple moving average of $51.05 and a 200 day simple moving average of $51.17.
CLEAR Secure (NYSE:YOU – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.09. CLEAR Secure had a net margin of 14.78% and a return on equity of 71.51%. The firm had revenue of $277.76 million for the quarter, compared to analysts’ expectations of $269.71 million. During the same quarter last year, the company earned $0.26 earnings per share. The firm’s revenue was up 26.6% compared to the same quarter last year. As a group, equities research analysts forecast that CLEAR Secure, Inc. will post 1.88 EPS for the current fiscal year.
CLEAR Secure Announces Dividend
Analysts Set New Price Targets
YOU has been the topic of several research analyst reports. Needham & Company LLC raised their target price on CLEAR Secure from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. began coverage on CLEAR Secure in a report on Monday, August 24th. They issued an “overweight” rating and a $55.00 price target for the company. Zacks Research downgraded shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Wall Street Zen raised shares of CLEAR Secure from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Finally, Telsey Advisory Group lifted their price target on shares of CLEAR Secure from $62.00 to $68.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $59.71.
Check Out Our Latest Stock Report on YOU
Institutional Investors Weigh In On CLEAR Secure
Hedge funds and other institutional investors have recently made changes to their positions in the business. Corient Private Wealth LP increased its stake in shares of CLEAR Secure by 45.8% during the 2nd quarter. Corient Private Wealth LP now owns 33,390 shares of the company’s stock valued at $1,861,000 after acquiring an additional 10,493 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in CLEAR Secure during the second quarter valued at $334,000. California State Teachers Retirement System lifted its holdings in CLEAR Secure by 5,221.7% in the second quarter. California State Teachers Retirement System now owns 5,437,910 shares of the company’s stock worth $303,055,000 after acquiring an additional 5,335,727 shares during the last quarter. Odyssean LLC increased its holdings in shares of CLEAR Secure by 58.3% in the 2nd quarter. Odyssean LLC now owns 19,887 shares of the company’s stock worth $1,108,000 after acquiring an additional 7,322 shares during the period. Finally, Nykredit A S bought a new position in shares of CLEAR Secure in the second quarter worth $218,000. Hedge funds and other institutional investors 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.
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