CLEAR Secure, Inc. $YOU Stock Holdings Raised by Vise Technologies Inc.

Vise Technologies Inc. grew its holdings in CLEAR Secure, Inc. (NYSE:YOU) by 122.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,869 shares of the company’s stock after purchasing an additional 9,845 shares during the quarter. Vise Technologies Inc.’s holdings in CLEAR Secure were worth $750,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Congress Asset Management Co. bought a new position in shares of CLEAR Secure during the third quarter valued at $78,843,000. Wedge Capital Management L L P NC acquired a new stake in shares of CLEAR Secure in the 2nd quarter valued at $82,542,000. Bank of New York Mellon Corp acquired a new stake in shares of CLEAR Secure in the 2nd quarter valued at $47,722,000. Ashford Capital Management Inc. grew its holdings in shares of CLEAR Secure by 97.5% in the 1st quarter. Ashford Capital Management Inc. now owns 533,268 shares of the company’s stock worth $25,816,000 after purchasing an additional 263,218 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of CLEAR Secure by 32.9% in the 1st quarter. Sei Investments Co. now owns 349,368 shares of the company’s stock worth $16,913,000 after purchasing an additional 86,430 shares during the last quarter. 73.80% of the stock is owned by institutional investors and hedge funds.

CLEAR Secure Stock Performance

CLEAR Secure stock opened at $55.70 on Wednesday. The firm has a market cap of $7.54 billion, a P/E ratio of 32.76 and a beta of 0.99. The business’s fifty day moving average is $44.32 and its two-hundred day moving average is $48.16. CLEAR Secure, Inc. has a 52 week low of $30.98 and a 52 week high of $69.07.

CLEAR Secure (NYSE:YOU) last announced its earnings results on Wednesday, November 4th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. CLEAR Secure had a return on equity of 87.30% and a net margin of 16.23%. The company had revenue of $292.85 million during the quarter, compared to analyst estimates of $286.65 million. During the same period last year, the company posted $0.29 earnings per share. The firm’s quarterly revenue was up 27.8% compared to the same quarter last year. On average, equities research analysts predict that CLEAR Secure, Inc. will post 1.88 earnings per share for the current year.

CLEAR Secure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 24th. Shareholders of record on Thursday, December 10th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.1%. CLEAR Secure’s dividend payout ratio is currently 35.29%.

Insider Buying and Selling at CLEAR Secure

In other CLEAR Secure news, EVP Kyle McLaughlin sold 4,499 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $44.47, for a total value of $200,070.53. Following the completion of the sale, the executive vice president owned 29,519 shares in the company, valued at approximately $1,312,709.93. This trade represents a 13.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Dennis Liu sold 3,507 shares of the business’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $59.60, for a total transaction of $209,017.20. Following the completion of the transaction, the chief accounting officer directly owned 12,363 shares of the company’s stock, valued at approximately $736,834.80. This represents a 22.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 21,554 shares of company stock worth $1,017,633. 29.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on YOU. Wall Street Zen cut shares of CLEAR Secure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. The Goldman Sachs Group restated a “buy” rating and issued a $80.00 price target on shares of CLEAR Secure in a research report on Wednesday, November 4th. JPMorgan Chase & Co. boosted their price target on shares of CLEAR Secure from $55.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, November 5th. Weiss Ratings raised shares of CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Finally, Wells Fargo & Company raised their price objective on shares of CLEAR Secure from $45.00 to $50.00 and gave the stock an “underweight” rating in a report on Thursday, November 5th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $66.86.

CLEAR Secure Company Profile

CLEAR Secure, Inc. operates a secure identity platform that uses biometric and other identity-verification technologies to help people confirm who they are. Its services are designed to make access to locations and digital services more convenient while helping organizations verify identities. The company is best known for CLEAR Plus, a membership service that lets enrolled travelers use dedicated lanes to verify their identity at participating airport security checkpoints. CLEAR also provides identity-verification services for organizations, including through its CLEAR1 platform, and offers services at participating sports and entertainment venues.