The Chief Information Security Officer of Clear Secure, Inc. (NYSE:YOU), Richard Patterson, Just Sold 44% Of Their Holding

We'd be surprised if Clear Secure, Inc. (NYSE:YOU) shareholders haven't noticed that the Chief Information Security Officer, Richard Patterson, recently sold US$136k worth of stock at US$27.13 per share. That sale was 44% of their holding, so it does make us raise an eyebrow.

See our latest analysis for Clear Secure

Clear Secure Insider Transactions Over The Last Year

Notably, that recent sale by Richard Patterson is the biggest insider sale of Clear Secure shares that we've seen in the last year. That means that an insider was selling shares at around the current price of US$25.32. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Richard Patterson sold a total of 9.50k shares over the year at an average price of US$28.85. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

I will like Clear Secure better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Insider Ownership Of Clear Secure

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Clear Secure insiders own 1.1% of the company, worth about US$42m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Clear Secure Insider Transactions Indicate?

An insider sold Clear Secure shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We're in no rush to buy! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Clear Secure. Every company has risks, and we've spotted 3 warning signs for Clear Secure you should know about.

But note: Clear Secure may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.