Clear Secure director Alclear Investments sells $10.7 million in stock

Alclear Investments, a director and 10% shareholder of Clear Secure Inc., divested a significant portion of the company's stock, selling $10.7 million worth of Class A common shares on November 4, 2026. The company's stock had shown impressive gains, rising 21% over the previous week and 57% in the past year, trading at $55.81, in line with InvestingPro's assessment of fair value.

The sale comprised 165,395 shares purchased at an average price of $60.47, with individual transactions ranging between $60.00 and $60.99 per share. A subsequent 10,701 shares were sold at a weighted average price of $61.26, between $61.00 and $61.58 per share. On the same day, Alclear Investments completed a securities exchange, trading 176,096 non-voting Clear Secure Class C common units for an equivalent amount of Class A shares, which were then used to settle the previously mentioned transactions.

Post these transactions, Alclear Investments retained ownership of 151,787 shares of Clear Secure's Class A stock. Concurrently, the company announced robust quarterly earnings, surpassing expectations with $0.52 earnings per share and $292.9 million in revenue, a 27.8% increase from the previous year. Adjusted EBITDA reached 35.5%, signaling strong financial health.

This prompted a bullish upgrade from Goldman Sachs, which raised its price target to $80, from $66, and affirmed a Buy rating. The firm attributed this positive outlook to a successful member acquisition and retention strategy. In response, Alclear Investments' management increased its free cash flow forecast for 2026 to $490 million or more, underscoring the company's ongoing growth and operational prowess.