Clear Secure, Inc. (NYSE:YOU) Director Alclear Investments Ii, Llc Sells 150,000 Shares

Clear Secure, Inc. (NYSE:YOU) Director Alclear Investments Ii, Llc sold 150,000 shares of Clear Secure stock in a transaction on Friday, October 11th. The stock was sold at an average price of $34.08, for a total transaction of $5,112,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Alclear Investments Ii, Llc also recently made the following trade(s):

• On Wednesday, September 18th, Alclear Investments Ii, Llc sold 150,000 shares of Clear Secure stock. The stock was sold at an average price of $33.04, for a total transaction of $4,956,000.00.
• On Monday, September 16th, Alclear Investments Ii, Llc sold 122,579 shares of Clear Secure stock. The shares were sold at an average price of $31.04, for a total transaction of $3,804,852.16.
• On Monday, September 9th, Alclear Investments Ii, Llc sold 227,021 shares of Clear Secure stock. The shares were sold at an average price of $31.05, for a total transaction of $7,049,002.05.

Clear Secure Price Performance

YOU opened at $35.49 on Wednesday. The company has a market cap of $5.14 billion, a price-to-earnings ratio of 63.38 and a beta of 1.65. The firm has a 50 day simple moving average of $30.28 and a 200 day simple moving average of $22.77. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $35.68.

Clear Secure (NYSE:YOU) last issued its earnings results on Tuesday, August 6th. The company reported $0.34 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $183.78 million. During the same quarter in the prior year, the firm earned $0.05 earnings per share. The business’s quarterly revenue was up 24.6% on a year-over-year basis. As a group, analysts expect that Clear Secure, Inc. will post 1.01 EPS for the current year.

Clear Secure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 10th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Tuesday, September 10th. Clear Secure’s dividend payout ratio (DPR) is presently 71.43%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Hsbc Holdings PLC boosted its holdings in Clear Secure by 0.5% during the second quarter. Hsbc Holdings PLC now owns 78,968 shares of the company’s stock worth $1,467,000 after purchasing an additional 409 shares during the last quarter. Truist Financial Corp increased its stake in Clear Secure by 2.0% during the 2nd quarter. Truist Financial Corp now owns 29,061 shares of the company’s stock worth $544,000 after acquiring an additional 582 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Clear Secure by 6.1% during the 2nd quarter. Principal Financial Group Inc. now owns 11,859 shares of the company’s stock worth $222,000 after purchasing an additional 681 shares in the last quarter. Brown Lisle Cummings Inc. grew its holdings in shares of Clear Secure by 11.4% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 8,800 shares of the company’s stock worth $165,000 after purchasing an additional 900 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its position in shares of Clear Secure by 5.3% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 19,988 shares of the company’s stock worth $374,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

Analyst Upgrades and Downgrades

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