CLEAR Secure, Inc. $YOU Shares Acquired by Sei Investments Co.

Sei Investments Co. boosted its holdings in CLEAR Secure, Inc. (NYSE:YOU) by 32.9% during the first quarter, Holdings Channel.com reports. The fund owned 349,368 shares of the company’s stock after acquiring an additional 86,430 shares during the period. Sei Investments Co.’s holdings in CLEAR Secure were worth $16,913,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Durable Capital Partners LP raised its position in CLEAR Secure by 153.1% during the second quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock worth $207,932,000 after acquiring an additional 4,531,161 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of CLEAR Secure by 6,038.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,463,717 shares of the company’s stock valued at $48,859,000 after purchasing an additional 1,439,873 shares in the last quarter. Squarepoint Ops LLC grew its position in shares of CLEAR Secure by 4,573.0% in the second quarter. Squarepoint Ops LLC now owns 929,033 shares of the company’s stock valued at $25,790,000 after purchasing an additional 909,152 shares during the last quarter. Norges Bank acquired a new stake in shares of CLEAR Secure in the fourth quarter valued at approximately $29,500,000. Finally, Jupiter Asset Management Ltd. increased its stake in shares of CLEAR Secure by 260.8% during 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 in the last quarter. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

CLEAR Secure Price Performance

Shares of NYSE YOU opened at $58.38 on Thursday. The company has a 50-day simple moving average of $54.77 and a 200-day simple moving average of $48.65. The company has a market cap of $7.78 billion, a PE ratio of 47.08 and a beta of 1.08. CLEAR Secure, Inc. has a 12 month low of $28.39 and a 12 month high of $62.73.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.03. CLEAR Secure had a net margin of 13.01% and a return on equity of 68.98%. The business had revenue of $253.00 million for the quarter, compared to the consensus estimate of $244.38 million. During the same quarter in the prior year, the firm posted $0.26 earnings per share. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. On average, analysts anticipate that CLEAR Secure, Inc. will post 1.61 EPS for the current year.

CLEAR Secure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th were issued a $0.15 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $0.60 annualized dividend and a yield of 1.0%. CLEAR Secure’s payout ratio is 48.39%.

Analyst Ratings Changes

YOU has been the subject of several research reports. Zacks Research downgraded CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. The Goldman Sachs Group set a $70.00 target price on CLEAR Secure in a report on Monday, July 20th. DA Davidson dropped their price target on CLEAR Secure from $60.00 to $55.00 and set a “neutral” rating for the company in a research report on Tuesday. Weiss Ratings raised CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 15th. Finally, Telsey Advisory Group upped their price objective on CLEAR Secure from $62.00 to $68.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $58.57.

Insiders Place Their Bets

In other news, insider Jonathan Schlegel sold 4,412 shares of CLEAR Secure stock in a transaction on Friday, May 15th. The stock was sold at an average price of $59.02, for a total value of $260,396.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Michael Z. Barkin sold 11,550 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were 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 have sold a total of 23,962 shares of company stock valued at $1,360,146 in the last quarter. 29.70% of the stock is currently owned by company insiders.

CLEAR Secure 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.