CLEAR Secure (NYSE:YOU) Director Adam Wiener Sells 14,000 Shares

CLEAR Secure, Inc. (NYSE:YOU) Director Adam Wiener sold 14,000 shares of CLEAR Secure stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $35.00, for a total transaction of $490,000.00. Following the completion of the sale, the director directly owned 165,634 shares of the company’s stock, valued at approximately $5,797,190. This trade represents a 7.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Adam Wiener also recently made the following trade(s):

• On Friday, December 12th, Adam Wiener sold 8,000 shares of CLEAR Secure stock. The shares were sold at an average price of $40.00, for a total value of $320,000.00.
• On Thursday, November 6th, Adam Wiener sold 6,000 shares of CLEAR Secure stock. The stock was sold at an average price of $36.04, for a total value of $216,240.00.

CLEAR Secure Price Performance

Shares of YOU opened at $35.49 on Tuesday. The firm has a market capitalization of $4.73 billion, a P/E ratio of 21.64 and a beta of 1.22. CLEAR Secure, Inc. has a one year low of $21.67 and a one year high of $42.29. The business has a fifty day moving average of $35.22 and a 200 day moving average of $33.32.

CLEAR Secure (NYSE:YOU) last posted its earnings results on Thursday, November 6th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The company had revenue of $229.19 million for the quarter, compared to the consensus estimate of $224.80 million. CLEAR Secure had a return on equity of 119.82% and a net margin of 20.97%.CLEAR Secure’s revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 earnings per share. Analysts expect that CLEAR Secure, Inc. will post 0.98 EPS for the current fiscal year.

CLEAR Secure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 10th were given a $0.125 dividend. The ex-dividend date was Wednesday, December 10th. This represents a $0.50 annualized dividend and a yield of 1.4%. CLEAR Secure’s dividend payout ratio (DPR) is presently 30.49%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on YOU. DA Davidson set a $46.00 target price on CLEAR Secure and gave the stock a “buy” rating in a report on Tuesday, December 16th. Wells Fargo & Company raised their price objective on CLEAR Secure from $25.00 to $29.00 and gave the stock an “underweight” rating in a research note on Friday, November 7th. Stifel Nicolaus set a $38.00 price objective on CLEAR Secure in a research report on Thursday, November 6th. Wall Street Zen downgraded CLEAR Secure from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, JPMorgan Chase & Co. upgraded shares of CLEAR Secure from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $35.00 to $42.00 in a research note on Friday, December 12th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $40.86.

Institutional Trading of CLEAR Secure

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jump Financial LLC increased its stake in CLEAR Secure by 88.0% during the second quarter. Jump Financial LLC now owns 248,584 shares of the company’s stock worth $6,901,000 after acquiring an additional 116,385 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of CLEAR Secure by 163.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 69,651 shares of the company’s stock worth $1,934,000 after purchasing an additional 43,262 shares during the period. KLP Kapitalforvaltning AS increased its position in shares of CLEAR Secure by 5.8% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 43,500 shares of the company’s stock valued at $1,208,000 after purchasing an additional 2,400 shares during the last quarter. Aviva PLC purchased a new stake in CLEAR Secure during the 2nd quarter valued at $521,000. Finally, Gallacher Capital Management LLC bought a new stake in CLEAR Secure in the second quarter worth $328,000. 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.