Clear Secure, Inc. (NYSE:YOU) CFO Kenneth L. Cornick Sells 250,000 Shares of Stock

Clear Secure, Inc. (NYSE:YOU) CFO Kenneth L. Cornick sold 250,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $32.30, for a total transaction of $8,075,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Clear Secure Price Performance

Shares of YOU opened at $32.87 on Friday. The business’s 50-day moving average is $25.72 and its 200-day moving average is $21.08. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 58.69 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.

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

Clear Secure Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on YOU shares. Telsey Advisory Group reissued an “outperform” rating and issued a $34.00 price target on shares of Clear Secure in a research note on Wednesday, August 7th. The Goldman Sachs Group lifted their target price on shares of Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Finally, Needham & Company LLC restated a “buy” rating and issued a $40.00 price target on shares of Clear Secure in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Clear Secure currently has a consensus rating of “Hold” and an average price target of $29.20.

Institutional Trading of Clear Secure

A number of institutional investors have recently added to or reduced their stakes in the business. Montag A & Associates Inc. acquired a new position in shares of Clear Secure during the 1st quarter worth $26,000. University of Texas Texas AM Investment Management Co. acquired a new position in Clear Secure during the second quarter worth $26,000. Quarry LP raised its holdings in Clear Secure by 86.4% during the fourth quarter. Quarry LP now owns 2,509 shares of the company’s stock valued at $52,000 after buying an additional 1,163 shares in the last quarter. Plato Investment Management Ltd lifted its position 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 worth $96,000 after buying an additional 5,057 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of Clear Secure by 968.0% during the 2nd quarter. CWM LLC now owns 7,252 shares of the company’s stock worth $136,000 after acquiring an additional 6,573 shares in the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.

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.