Insider Selling: Clear Secure, Inc. (NYSE:YOU) Director Sells $716,000.00 in Stock

Clear Secure, Inc. (NYSE:YOU) Director Michael Z. Barkin sold 25,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $28.64, for a total value of $716,000.00. Following the sale, the director now directly owns 7,056 shares of the company’s stock, valued at $202,083.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Clear Secure Stock Up 1.9 %

NYSE:YOU opened at $30.39 on Friday. The firm’s fifty day simple moving average is $22.77 and its 200-day simple moving average is $20.03. The stock has a market cap of $4.23 billion, a PE ratio of 54.27 and a beta of 1.58. Clear Secure, Inc. has a fifty-two week low of $15.28 and a fifty-two week high of $30.58.

Clear Secure (NYSE:YOU) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.34 EPS 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 firm had revenue of $186.75 million for the quarter, compared to the consensus estimate of $183.78 million. During the same quarter in the previous year, the firm earned $0.05 earnings per share. The firm’s revenue was up 24.6% on a year-over-year basis. Equities analysts anticipate that Clear Secure, Inc. will post 1.01 earnings per share for the current year.

Clear Secure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 10th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Tuesday, September 10th. Clear Secure’s payout ratio is currently 71.43%.

Hedge Funds Weigh In On Clear Secure

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Clear Secure by 11.7% in the first quarter. Vanguard Group Inc. now owns 10,571,993 shares of the company’s stock valued at $224,866,000 after buying an additional 1,111,330 shares in the last quarter. Brown Advisory Inc. grew its stake in Clear Secure by 3.2% in the 4th quarter. Brown Advisory Inc. now owns 3,230,815 shares of the company’s stock valued at $66,716,000 after acquiring an additional 101,011 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Clear Secure by 56.5% during the 2nd quarter. Renaissance Technologies LLC now owns 2,954,100 shares of the company’s stock valued at $55,271,000 after acquiring an additional 1,066,400 shares in the last quarter. Millennium Management LLC raised its position in Clear Secure by 56.3% during the second quarter. Millennium Management LLC now owns 2,103,578 shares of the company’s stock worth $39,358,000 after acquiring an additional 757,528 shares during the last quarter. Finally, Rice Hall James & Associates LLC lifted its holdings in shares of Clear Secure by 303.6% in the second quarter. Rice Hall James & Associates LLC now owns 1,199,649 shares of the company’s stock valued at $22,445,000 after purchasing an additional 902,436 shares in the last quarter. 73.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on YOU. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of Clear Secure in a report on Wednesday, August 7th. Wedbush restated a “neutral” rating and issued a $21.00 target price on shares of Clear Secure in a research note on Wednesday, May 8th. Telsey Advisory Group reiterated an “outperform” rating and set a $34.00 price target on shares of Clear Secure in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group raised their price objective on shares of Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Clear Secure currently has a consensus rating of “Hold” and an average price target of $29.20.

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.