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.
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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
The business also recently announced a dividend, which was paid on Wednesday, December 7th. Shareholders of record on Monday, November 28th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 25th. This represents a yield of 0.84%.
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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