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Clear Secure (NYSE:YOU) Sees Unusually-High Trading Volume

Financial News Live · Jan 20, 2023 07:31

Clear Secure, Inc. (NYSE:YOU – Get Rating) shares saw an uptick in trading volume on Wednesday . 68,341 shares changed hands during trading, a decline of 90% from the previous session's volume of 687,528 shares.The stock last traded at $28.00 and had previously closed at $30.67.

Clear Secure Stock Down 5.0 %

The company has a market cap of $3.97 billion, a P/E ratio of -30.07 and a beta of 1.54. The firm's 50 day moving average is $29.14 and its two-hundred day moving average is $26.26.

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Clear Secure (NYSE:YOU – Get Rating) last announced its earnings results on Monday, November 14th. The company reported ($0.62) EPS for the quarter. The company had revenue of $115.92 million for the quarter, compared to analyst estimates of $112.09 million. Clear Secure had a negative return on equity of 14.14% and a negative net margin of 18.32%. As a group, research analysts forecast that Clear Secure, Inc. will post -0.67 EPS for the current fiscal year.

Clear Secure Dividend Announcement

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

Insider Activity

In related news, Director Alclear Investments Ii, Llc sold 217,172 shares of Clear Secure stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $30.30, for a total transaction of $6,580,311.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Alclear Investments Ii, Llc sold 217,172 shares of the company's stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $30.30, for a total transaction of $6,580,311.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Richard N. Jr. Patterson sold 3,500 shares of Clear Secure stock in a transaction that occurred on Wednesday, December 14th. The stock was sold at an average price of $30.18, for a total value of $105,630.00. Following the completion of the sale, the insider now owns 11,474 shares of the company's stock, valued at $346,285.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 551,324 shares of company stock valued at $16,635,799. 42.06% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of YOU. Royal Bank of Canada raised its holdings in shares of Clear Secure by 20.9% during the third quarter. Royal Bank of Canada now owns 2,357 shares of the company's stock valued at $54,000 after purchasing an additional 407 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Clear Secure by 14.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,616 shares of the company's stock worth $151,000 after buying an additional 812 shares during the period. Advisor Group Holdings Inc. boosted its holdings in Clear Secure by 12.9% in the first quarter. Advisor Group Holdings Inc. now owns 7,858 shares of the company's stock worth $210,000 after acquiring an additional 899 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Clear Secure by 10.3% in the third quarter. Envestnet Asset Management Inc. now owns 11,537 shares of the company's stock valued at $264,000 after acquiring an additional 1,082 shares during the period. Finally, Versor Investments LP increased its holdings in shares of Clear Secure by 1.4% during the third quarter. Versor Investments LP now owns 85,284 shares of the company's stock valued at $1,950,000 after acquiring an additional 1,192 shares in the last quarter. 56.99% of the stock is 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.