CLEAR Secure (NYSE:YOU) President Michael Barkin Sells 11,550 Shares

CLEAR Secure, Inc. (NYSE:YOU) President Michael Barkin sold 11,550 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $56.29, for a total transaction of $650,149.50. Following the transaction, the president owned 22,994 shares in the company, valued at approximately $1,294,332.26. The trade was a 33.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CLEAR Secure Trading Down 2.4%

Shares of YOU opened at $55.34 on Friday. The company has a market cap of $7.38 billion, a price-to-earnings ratio of 44.63 and a beta of 1.09. CLEAR Secure, Inc. has a 1-year low of $24.06 and a 1-year high of $62.73. The company’s fifty day simple moving average is $54.42 and its 200 day simple moving average is $43.11.

CLEAR Secure (NYSE:YOU) last issued its earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. The business had revenue of $253.00 million for the quarter, compared to the consensus estimate of $244.38 million. CLEAR Secure had a net margin of 13.01% and a return on equity of 68.98%. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.26 earnings per share. As a group, research analysts forecast that CLEAR Secure, Inc. will post 1.78 earnings per share for the current year.

CLEAR Secure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $0.60 annualized dividend and a dividend yield of 1.1%. CLEAR Secure’s dividend payout ratio is presently 48.39%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on YOU. DA Davidson reissued a “neutral” rating and issued a $60.00 price objective (down from $65.00) on shares of CLEAR Secure in a research report on Thursday, May 7th. Wall Street Zen raised shares of CLEAR Secure from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Telsey Advisory Group increased their price objective on shares of CLEAR Secure from $62.00 to $68.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Wells Fargo & Company increased their price objective on shares of CLEAR Secure from $33.00 to $40.00 and gave the company an “underweight” rating in a research report on Thursday, May 7th. Finally, Needham & Company LLC increased their price objective on shares of CLEAR Secure from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

Hedge Funds Weigh In On CLEAR Secure

Several institutional investors and hedge funds have recently modified their holdings of the business. Glenmede Trust Co. NA acquired a new position in shares of CLEAR Secure in the first quarter valued at about $267,000. Janus Henderson Group PLC grew its stake in CLEAR Secure by 8.6% during the first quarter. Janus Henderson Group PLC now owns 184,518 shares of the company’s stock worth $8,933,000 after buying an additional 14,541 shares in the last quarter. Amundi grew its stake in CLEAR Secure by 63.6% during the first quarter. Amundi now owns 11,529 shares of the company’s stock worth $558,000 after buying an additional 4,480 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in CLEAR Secure by 19.2% during the first quarter. EverSource Wealth Advisors LLC now owns 7,701 shares of the company’s stock worth $373,000 after buying an additional 1,238 shares in the last quarter. Finally, California State Teachers Retirement System grew its stake in CLEAR Secure by 32.9% during the first quarter. California State Teachers Retirement System now owns 102,183 shares of the company’s stock worth $4,947,000 after buying an additional 25,299 shares in the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.

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.