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Just caught this - Kenneth Cornick, director at Clear Secure (YOU), dumped 109k shares worth $2.76M back in May. Stock was down almost 2% that day at $24.15. Interesting timing given the company's been showing solid revenue growth, like 18% over the quarter.
Not sure what to make of it though. Kenneth Cornick's a director so these moves get reported, but insider sells don't always mean bad news - could be anything from tax planning to diversifying. Clear Secure's actually pretty interesting if you look at the numbers - the P/E is sitting at 15.21, which is below industry average, and the P/S ratio at 4.47 suggests there might be some undervaluation play here.
That said, their debt-to-equity is running at 1.02, which is higher than peers, and the EPS is lagging industry benchmarks at 0.26. So mixed signals overall. The company's doing the whole biometrics identity verification thing for airports - frictionless travel and all that. Market cap is above average too, so there's definitely investor interest. Curious if Kenneth Cornick's move was just routine or if there's something brewing. You guys following Clear Secure at all?