Adam Wiener, a director at Clear Secure, Inc. (NASDAQ: YOU), completed a series of insider sales totaling 33,000 shares of the company's Class A common stock for aggregate proceeds of approximately $1,525,280.
The transactions occurred over two days. On February 25, 2026, Wiener sold 10,000 shares at a weighted average price of $45.00, with the trades occurring in a range between $45.00 and $45.04. On the same date he also sold 8,000 shares at $40.66. The following day, February 26, 2026, Wiener sold an additional 15,000 shares at a weighted average price of $50.00, with that day's trades ranging from $50.00 to $50.025.
According to the filing, these dispositions were automatically effected pursuant to a Rule 10b5-1 trading plan the reporting person adopted on December 16, 2024. After these sales, Wiener directly holds 132,634 shares of Clear Secure, Inc.
Clear Secure shares have been trading near their 52-week high of $50.46. Over the past 12 months the stock has delivered a 111% return.
Valuation context from InvestingPro included in the company profile indicates that Clear Secure currently appears slightly overvalued relative to its Fair Value estimate. The stock trades at a price-to-earnings ratio of 42.23, which InvestingPro characterizes as a high earnings multiple. The InvestingPro note also indicates there are 10 additional ProTips and a more detailed Pro Research Report available for the company.
Separately, Clear Secure reported fourth-quarter 2025 results that exceeded consensus expectations. The company posted earnings per share of $0.31, outpacing the $0.28 estimate, and reported revenue of $240.8 million versus a forecast of $235.86 million.
Following the quarter, several analyst firms revised their price targets for Clear Secure. Stifel raised its target to $51 while maintaining a Hold rating. DA Davidson increased its target to $54 and maintained a Buy rating. Telsey raised its target to $55, citing growth potential tied to the company’s biometric digital identity verification technology. Goldman Sachs also raised its price target to $61 and maintained a Buy rating, noting improvements in operational metrics and technology and customer service.
The combination of an insider sale executed under a pre-established trading plan and the company’s recent beat on earnings and revenue — alongside multiple upward adjustments to analyst price targets — leaves a mixed set of signals in the public filings and market commentary. The sale was recorded as part of a Rule 10b5-1 plan, and the company’s recent operating results and analyst reactions are documented in post-quarter reports and coverage updates.
Context and limitations
This report reflects information disclosed in the company filing and related analyst commentary noted above. It does not attempt to explain motives beyond what was stated in the filing; the sale was executed under a trading plan adopted on December 16, 2024. Where third-party valuation commentary is cited, it is presented as reported by InvestingPro in the company profile.