Clear Secure, Inc. (NYSE:YOU) Insider Richard N. Jr. Patterson Sells 7,500 Shares

Clear Secure, Inc. (NYSE:YOU) insider Richard N. Jr. Patterson sold 7,500 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $22.08, for a total value of $165,600.00. Following the transaction, the insider now directly owns 34,227 shares in the company, valued at $755,732.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Clear Secure Price Performance

Shares of NYSE:YOU traded up $0.31 during trading on Friday, hitting $25.85. 2,451,879 shares of the company’s stock were exchanged, compared to its average volume of 1,523,698. The business’s 50-day simple moving average is $19.69 and its 200 day simple moving average is $19.12. Clear Secure, Inc. has a 52-week low of $15.28 and a 52-week high of $25.89. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 46.16 and a beta of 1.58.

Clear Secure (NYSE:YOU) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. Clear Secure had a return on equity of 32.01% and a net margin of 10.36%. The company had revenue of $186.75 million during the quarter, compared to analyst estimates of $183.78 million. During the same period in the prior year, the company earned $0.05 earnings per share. The firm’s revenue was up 24.6% on a year-over-year basis. On average, sell-side analysts anticipate that Clear Secure, Inc. will post 0.82 EPS for the current fiscal year.

Clear Secure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 10th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Tuesday, September 10th. Clear Secure’s payout ratio is 71.43%.

Institutional Investors Weigh In On Clear Secure

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Clear Secure by 11.7% in the 1st quarter. Vanguard Group Inc. now owns 10,571,993 shares of the company’s stock valued at $224,866,000 after purchasing an additional 1,111,330 shares during the last quarter. Brown Advisory Inc. lifted its stake in shares of 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 purchasing an additional 101,011 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Clear Secure by 56.5% in the 2nd quarter. Renaissance Technologies LLC now owns 2,954,100 shares of the company’s stock valued at $55,271,000 after purchasing an additional 1,066,400 shares during the last quarter. Rice Hall James & Associates LLC raised 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 worth $22,445,000 after buying an additional 902,436 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Clear Secure by 184.9% in the first quarter. Janney Montgomery Scott LLC now owns 1,071,486 shares of the company’s stock worth $22,791,000 after buying an additional 695,418 shares during the period. 73.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of Clear Secure in a report on Wednesday. Telsey Advisory Group reaffirmed an “outperform” rating and set a $34.00 price target on shares of Clear Secure in a report on Wednesday. Wedbush reiterated a “neutral” rating and set a $21.00 price objective on shares of Clear Secure in a research report on Wednesday, May 8th. Finally, The Goldman Sachs Group upped their price objective on Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday. One 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, the company has a consensus rating of “Hold” and an average price target of $29.20.

Clear Secure Company Profile

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.