BNP Paribas Financial Markets Boosts Holdings in CLEAR Secure, Inc. $YOU

BNP Paribas Financial Markets lifted its stake in CLEAR Secure, Inc. (NYSE:YOU) by 9.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 582,658 shares of the company’s stock after buying an additional 49,211 shares during the quarter. BNP Paribas Financial Markets’ holdings in CLEAR Secure were worth $20,440,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of YOU. Durable Capital Partners LP raised its position in shares of CLEAR Secure by 153.1% in the 2nd quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock worth $207,932,000 after purchasing an additional 4,531,161 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of CLEAR Secure by 6,038.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,463,717 shares of the company’s stock worth $48,859,000 after purchasing an additional 1,439,873 shares during the last quarter. Squarepoint Ops LLC raised its position in shares of CLEAR Secure by 4,573.0% in the 2nd quarter. Squarepoint Ops LLC now owns 929,033 shares of the company’s stock worth $25,790,000 after purchasing an additional 909,152 shares during the last quarter. Norges Bank purchased a new position in shares of CLEAR Secure in the 4th quarter worth about $29,500,000. Finally, Jupiter Asset Management Ltd. raised its position in shares of CLEAR Secure by 260.8% in the 4th quarter. Jupiter Asset Management Ltd. now owns 879,039 shares of the company’s stock worth $30,837,000 after purchasing an additional 635,400 shares during the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Insiders Place Their Bets

In other CLEAR Secure news, EVP Kyle Mclaughlin sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $56.20, for a total value of $449,600.00. Following the completion of the transaction, the executive vice president directly owned 29,519 shares in the company, valued at $1,658,967.80. This represents a 21.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Michael Z. Barkin sold 11,550 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $56.29, for a total value of $650,149.50. Following the completion of the transaction, the president owned 22,994 shares of the company’s stock, valued at $1,294,332.26. The trade was a 33.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 23,962 shares of company stock worth $1,360,146 in the last three months. 39.73% of the stock is owned by company insiders.

CLEAR Secure Trading Down 0.3%

Shares of NYSE:YOU opened at $54.34 on Friday. The stock has a 50 day moving average of $54.84 and a 200 day moving average of $43.75. The company has a market cap of $7.24 billion, a PE ratio of 43.82 and a beta of 1.08. CLEAR Secure, Inc. has a 12-month low of $24.06 and a 12-month high of $62.73.

CLEAR Secure (NYSE:YOU) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.03. CLEAR Secure had a return on equity of 68.98% and a net margin of 13.01%.The business had revenue of $253.00 million during the quarter, compared to the consensus estimate of $244.38 million. During the same period in the prior year, the company posted $0.26 EPS. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. Equities research analysts predict that CLEAR Secure, Inc. will post 1.78 earnings per share for the current fiscal year.

CLEAR Secure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, June 10th. CLEAR Secure’s dividend payout ratio is presently 48.39%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on YOU. Wall Street Zen raised CLEAR Secure from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Needham & Company LLC boosted their target price on CLEAR Secure from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. DA Davidson reissued a “neutral” rating and issued a $60.00 target price (down from $65.00) on shares of CLEAR Secure in a research report on Thursday, May 7th. Weiss Ratings raised CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. Finally, JPMorgan Chase & Co. boosted their target price on CLEAR Secure from $42.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

CLEAR Secure Company Profile

CLEAR Secure, Inc operates a biometric identity platform designed to expedite identity verification for air travelers and venue guests. The company’s core offering is the CLEAR membership service, which uses fingerprint and iris scans to confirm a member’s identity and provide access to dedicated security lanes at participating airports. Members link government-issued IDs and personal biometric data via the CLEAR app, enabling faster processing through Transportation Security Administration (TSA) checkpoints and select event entrances.

Founded in 2010 by Caryn Seidman?Becker and Ken Cornick, CLEAR is headquartered in New York City.