General Atlantic Partners Aiv, a majority shareholder of Clear Secure, Inc. (NYSE: YOU – Get Rating), sold 1,800,000 shares in a transaction on Wednesday, January 18. The shares sold for a total of $52,380,000.00 at an average price of $29.10. After the transaction, the insider now owns his 5,937,814 shares in the company, valued at approximately $172,790,387.40. The transaction is disclosed in documents filed with the SEC and available on the SEC’s website. A major shareholder who owns more than his 10% of a company’s shares is required to disclose transactions with the SEC.
Clear Secure Trading up 6.7%
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YOU shares rose $1.77 to $28.23 during Friday’s trading hours. 1,945,810 shares of stock were exchanged, with an average trading volume of 1,248,383 shares. The company has a market capitalization of $4.23 billion, a P/E ratio of -31.89 and a beta of 1.54. The company has a 50-day simple moving average of $29.14 and a 200-day simple moving average of $26.26. Clear Secure, Inc. has a 12-month low of $18.79 and a 12-month high of $34.80.
Clear Secure (NYSE: YOU – Get Rating) reported final results on Monday, November 14th. The company reported his earnings per share (EPS) of $0.62 for the quarter. The company’s earnings for the quarter he had $115.92 million, while analyst estimates put him at $112.09 million. Clear Secure’s return on equity was 14.14% and net profit margin was 18.32%. On average, an equity research analyst expects Clear Secure, Inc.’s earnings per share to fall by -0.67 this year.
Clear Confirmed Dividend Announcement
The company recently announced a dividend paid on Wednesday, December 7th. A dividend of $0.25 was paid out to investors of record on Monday, November 28th. This represents his yield of 0.84%. The ex-dividend date was Friday, November 25.
ClearSecure Institutional Trading
Several large investors recently bought and sold shares in the business. Durable Capital Partners LP increased his stake in Clear Secure by 25.5% in the first quarter. Durable Capital Partners LP now owns 10,751,370 shares worth $288,997,000 after purchasing an additional 2,184,428 shares last quarter. Vanguard Group Inc. increased its position in Clear Secure by 20.8% in the third quarter. Vanguard Group Inc. now owns 7,182,400 shares worth $164,189,000 after he purchased an additional 1,238,353 shares during the previous quarter. BlackRock Inc. increased its position in Clear Secure by 22.2% in the third quarter. BlackRock Inc. now owns 4,544,085 shares worth $13875,000 after purchasing an additional 826,003 shares during the previous quarter. Lord Abbett & CO. LLC increased its position in Clear Secure by 119.8% in the third quarter. Lord Abbett & CO. LLC now owns 3,721,008 shares worth $85,062,000 after purchasing an additional 2,028,361 shares during the previous quarter. Finally, Capital World Investors increased its position in Clear Secure by 10.6% in Q1. Capital World Investors now owns 2,082,666 shares of the company worth $55,982,000 after purchasing an additional 200,000 shares during the previous quarter. 56.99% of the shares are owned by institutional investors and hedge funds.
Clear Secure Company Profile
Clear Secure, Inc provides a member-centric secure identity platform in the United States. The company’s secure identity platform is a multi-tiered infrastructure consisting of frontends such as registration, verification, and linking. It also offers CLEAR Plus, a consumer airline subscription service. This enables predictable approach lane access at airport security checkpoints and access to a wider network. The CLEAR app is a consumer digital product that facilitates new user onboarding and member engagement from mobile devices.
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