GuruFocus - On September 9, 2024, Alclear Investments II, LLC, a Director and 10% Owner, sold 227,021 shares of Clear Secure Inc (NYSE:YOU) as reported in a recent SEC Filing. Following this transaction, the insider now owns 0 shares of the company.
Clear Secure Inc (NYSE:YOU) specializes in security identity verification technologies, providing streamlined security processes for various institutions, including airports and stadiums. The company's innovative approach to identity verification aims to enhance customer experience while ensuring high security standards.
The transaction occurred with shares priced at $31.05, valuing the sale at approximately $7,045,260.55. This sale has adjusted the insider's stake in the company to zero shares.
Over the past year, Alclear Investments II, LLC has sold a total of 227,021 shares and has not made any purchases. The broader insider transaction trend for Clear Secure Inc shows a predominance of selling activities, with 14 insider sells and only 1 insider buy over the same period.
Currently, Clear Secure Inc (NYSE:YOU) holds a market cap of $2.77 billion. The stock's price-earnings ratio stands at 38.08, which is above the industry median of 25.56. This suggests a higher valuation relative to its peers.
The GF Value of the stock is estimated at $41.35, indicating that at the current price of $31.05, Clear Secure Inc is considered Modestly Undervalued. The GF Value is a proprietary measure reflecting historical trading multiples, an adjustment factor based on the company's past performance, and expected future business outcomes.
This insider sale might interest investors tracking ownership changes and evaluating the company's current valuation metrics, including its price-sales ratio, price-book ratio, and price-to-free cash flow.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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