Dennis W. Liu Sells 500 Shares of Clear Secure, Inc. (NYSE:YOU) Stock

Clear Secure, Inc. (NYSE:YOU) CAO Dennis W. Liu sold 500 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $26.02, for a total transaction of $13,010.00. Following the sale, the chief accounting officer now owns 9,211 shares of the company’s stock, valued at $239,670.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Clear Secure Price Performance

Shares of NYSE:YOU opened at $28.36 on Friday. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 50.64 and a beta of 1.58. The firm has a fifty day moving average price of $20.47 and a two-hundred day moving average price of $19.33. Clear Secure, Inc. has a one year low of $15.28 and a one year high of $28.72.

Clear Secure (NYSE:YOU) last announced its quarterly earnings data 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 return on equity of 35.33% and a net margin of 10.36%. The firm had revenue of $186.75 million for the quarter, compared to analyst estimates of $183.78 million. During the same period in the prior year, the company earned $0.05 EPS. The company’s revenue was up 24.6% on a year-over-year basis. Equities research analysts expect that Clear Secure, Inc. will post 1.01 EPS for the current fiscal year.

Clear Secure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 10th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.41%. Clear Secure’s dividend payout ratio is currently 71.43%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Algert Global LLC boosted its stake in shares of Clear Secure by 143.3% in the 2nd quarter. Algert Global LLC now owns 273,967 shares of the company’s stock worth $5,126,000 after buying an additional 161,378 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of Clear Secure by 22.0% during the 2nd quarter. Mackenzie Financial Corp now owns 46,411 shares of the company’s stock valued at $868,000 after acquiring an additional 8,380 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Clear Secure by 10.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,772 shares of the company’s stock valued at $819,000 after buying an additional 4,278 shares during the period. Millennium Management LLC lifted its stake in shares of Clear Secure by 56.3% during the 2nd quarter. Millennium Management LLC now owns 2,103,578 shares of the company’s stock worth $39,358,000 after acquiring an additional 757,528 shares during the last quarter. Finally, Maverick Capital Ltd. increased its holdings in Clear Secure by 274.3% during the 2nd quarter. Maverick Capital Ltd. now owns 95,226 shares of the company’s stock worth $1,782,000 after purchasing an additional 69,782 shares during the period. 73.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

YOU has been the subject of a number of recent analyst reports. Telsey Advisory Group reiterated an “outperform” rating and set a $34.00 price target on shares of Clear Secure in a report on Wednesday, August 7th. Needham & Company LLC restated a “buy” rating and set a $40.00 price target on shares of Clear Secure in a report on Wednesday, August 7th. Wedbush reiterated a “neutral” rating and set a $21.00 target price on shares of Clear Secure in a research report on Wednesday, May 8th. Finally, The Goldman Sachs Group upped their price objective on shares of Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.