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Hawk’s Nest

Unusual Call Buy in Consolidating Software Small Cap

by | Oct 20, 2022

Clear Secure (YOU) jumping this afternoon with unusual buys 2000 November $25 calls for $2.10, earnings mid-November. YOU a chart holding up well in a two month consolidation with potential to break higher over 26. The $3.8B security-identity platform company screened as a potential M&A target in our Q4 Briefing trading 6X FY23 EV/Sales with revenues growing 65% in 2022 and seen rising 27% in 2023 with a strong jump in profits as a name with strong FCF margins. YOU does have 19% of the float short.