Clear Secure, Inc. (NYSE:YOU – Get Rating) major shareholder General Atlantic Partners Aiv sold 1,800,000 shares of the business's stock in a transaction on Wednesday, January 18th. The stock was sold at an average price of $29.10, for a total transaction of $52,380,000.00. Following the completion of the sale, the insider now owns 5,937,814 shares in the company, valued at approximately $172,790,387.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Clear Secure Trading Up 6.7 %

Shares of NYSE YOU opened at $28.23 on Friday. The firm's 50-day moving average price is $29.20 and its 200-day moving average price is $26.35. The stock has a market capitalization of $4.23 billion, a price-to-earnings ratio of -32.08 and a beta of 1.54. 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) last announced its earnings results on Monday, November 14th. The company reported ($0.62) earnings per share (EPS) for the quarter. The business had revenue of $115.92 million for the quarter, compared to analysts' expectations of $112.09 million. Clear Secure had a negative net margin of 18.32% and a negative return on equity of 14.14%. On average, equities analysts predict that Clear Secure, Inc. will post -0.67 EPS for the current fiscal year.

Clear Secure Announces Dividend

Hedge Funds Weigh In On Clear Secure

Hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC purchased a new stake in Clear Secure during the second quarter valued at approximately $32,000. Point72 Hong Kong Ltd purchased a new position in shares of Clear Secure in the second quarter worth about $45,000. Royal Bank of Canada lifted its stake in shares of Clear Secure by 20.9% in the third quarter. Royal Bank of Canada now owns 2,357 shares of the company's stock worth $54,000 after buying an additional 407 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Clear Secure in the second quarter worth about $73,000. Finally, Ensign Peak Advisors Inc purchased a new position in Clear Secure during the first quarter worth about $109,000. 56.99% of the stock is currently owned by institutional investors.

Clear Secure Company Profile

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Clear Secure, Inc provides a member-centric secure identity platform in the United States. The company's secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking. It 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 app, a consumer-facing digital product that facilitates new user enrollment and member engagement from their mobile device.

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