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 Wednesday, August 14th. The stock was sold at an average price of $27.04, for a total transaction of $202,800.00. Following the completion of the transaction, the insider now directly owns 26,727 shares in the company, valued at $722,698.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Clear Secure Stock Performance

Shares of NYSE:YOU traded up $1.07 during midday trading on Thursday, hitting $28.36. The company’s stock had a trading volume of 2,682,783 shares, compared to its average volume of 1,536,861. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 51.14 and a beta of 1.58. The stock’s 50 day simple moving average is $20.26 and its 200 day simple moving average is $19.27. Clear Secure, Inc. has a fifty-two week low of $15.28 and a fifty-two week high of $28.72.

Clear Secure (NYSE:YOU) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.08. The company had revenue of $186.75 million for the quarter, compared to the consensus estimate of $183.78 million. Clear Secure had a return on equity of 35.33% and a net margin of 10.36%. The firm’s revenue was up 24.6% compared to the same quarter last year. During the same period last year, the business posted $0.05 earnings per share. As a group, analysts anticipate that Clear Secure, Inc. will post 0.82 EPS for the current year.

Clear Secure Dividend Announcement

The business also recently announced 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 dividend yield of 1.41%. The ex-dividend date is Tuesday, September 10th. Clear Secure’s payout ratio is presently 71.43%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. The Goldman Sachs Group upped their price target 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. Wedbush reaffirmed a “neutral” rating and issued a $21.00 price target on shares of Clear Secure in a research note on Wednesday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of Clear Secure in a research note on Wednesday, August 7th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $34.00 target price on shares of Clear Secure in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Clear Secure currently has a consensus rating of “Hold” and an average price target of $29.20.

Institutional Investors Weigh In On Clear Secure

Hedge funds have recently made changes to their positions in the stock. Montag A & Associates Inc. bought a new stake in shares of Clear Secure in the first quarter valued at about $26,000. Quarry LP lifted its stake in shares of Clear Secure by 86.4% in the fourth quarter. Quarry LP now owns 2,509 shares of the company’s stock valued at $52,000 after buying an additional 1,163 shares during the period. Plato Investment Management Ltd lifted its stake in shares of Clear Secure by 10,535.4% in the second quarter. Plato Investment Management Ltd now owns 5,105 shares of the company’s stock valued at $96,000 after buying an additional 5,057 shares during the period. CWM LLC lifted its stake in shares of Clear Secure by 968.0% in the second quarter. CWM LLC now owns 7,252 shares of the company’s stock valued at $136,000 after buying an additional 6,573 shares during the period. Finally, nVerses Capital LLC bought a new position in Clear Secure during the second quarter worth about $137,000. Institutional investors own 73.80% of the company’s stock.

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.