Clear Secure, Inc. (NYSE:YOU – Get Free Report) 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 – Get Free Report) 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
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.
Get Our Latest Analysis on Clear Secure
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.
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