Renaissance Technologies LLC Has $162.31 Million Position in CLEAR Secure, Inc. $YOU

Renaissance Technologies LLC cut its holdings in shares of CLEAR Secure, Inc. (NYSE:YOU) by 8.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,352,717 shares of the company’s stock after selling 289,700 shares during the quarter. Renaissance Technologies LLC’s holdings in CLEAR Secure were worth $162,305,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. One Capital Management LLC purchased a new position in CLEAR Secure during the fourth quarter valued at approximately $1,270,000. Hussman Strategic Advisors Inc. increased its stake in CLEAR Secure by 50.0% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 63,000 shares of the company’s stock valued at $2,210,000 after buying an additional 21,000 shares during the period. BNP Paribas Financial Markets lifted its position in CLEAR Secure by 9.2% in the 4th quarter. BNP Paribas Financial Markets now owns 582,658 shares of the company’s stock worth $20,440,000 after buying an additional 49,211 shares in the last quarter. Jupiter Asset Management Ltd. lifted its position in 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 buying an additional 635,400 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. boosted its stake in shares of CLEAR Secure by 36.2% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 129,032 shares of the company’s stock valued at $4,526,000 after buying an additional 34,308 shares during the period. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Insider Buying and Selling at CLEAR Secure

In other news, insider Jonathan Schlegel sold 4,412 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $59.02, for a total transaction of $260,396.24. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, President Michael Z. Barkin sold 11,550 shares of the firm’s stock in a transaction that occurred 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 directly owned 22,994 shares in the company, valued at $1,294,332.26. The trade was a 33.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 worth $1,360,146 over the last three months. Corporate insiders own 29.70% of the company’s stock.

CLEAR Secure Stock Up 0.4%

YOU stock opened at $52.03 on Friday. The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 41.96 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. The firm has a 50 day moving average of $55.09 and a two-hundred day moving average of $48.16.

CLEAR Secure (NYSE:YOU) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the firm earned $0.26 EPS. CLEAR Secure’s revenue for the quarter was up 19.7% on a year-over-year basis. On average, research analysts expect that CLEAR Secure, Inc. will post 1.61 EPS for the current fiscal year.

CLEAR Secure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.2%. The ex-dividend date was Wednesday, June 10th. CLEAR Secure’s dividend payout ratio (DPR) is 48.39%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Stifel Nicolaus set a $60.00 price target on shares of CLEAR Secure in a report on Thursday, May 7th. Zacks Research lowered CLEAR Secure from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. The Goldman Sachs Group set a $70.00 price objective on CLEAR Secure in a research report on Monday. Needham & Company LLC boosted their target price on CLEAR Secure from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen raised CLEAR Secure from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $59.29.

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.