Rice Hall James & Associates LLC Sells 337,154 Shares of CLEAR Secure, Inc. $YOU

Rice Hall James & Associates LLC decreased its stake in CLEAR Secure, Inc. (NYSE:YOU) by 36.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 577,081 shares of the company’s stock after selling 337,154 shares during the period. CLEAR Secure makes up 1.6% of Rice Hall James & Associates LLC’s portfolio, making the stock its 15th largest holding. Rice Hall James & Associates LLC’s holdings in CLEAR Secure were worth $27,936,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Durable Capital Partners LP raised its stake in CLEAR Secure by 153.1% during the 2nd quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock valued at $207,932,000 after purchasing an additional 4,531,161 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in 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 valued at $48,859,000 after purchasing an additional 1,439,873 shares during the period. Squarepoint Ops LLC grew its position in 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 acquired a new stake in CLEAR Secure in the 4th quarter worth $29,500,000. Finally, Jupiter Asset Management Ltd. increased its holdings 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 during the period. Institutional investors own 73.80% of the company’s stock.

CLEAR Secure Price Performance

Shares of CLEAR Secure stock opened at $52.03 on Friday. The firm has a market capitalization of $6.94 billion, a PE ratio of 41.96 and a beta of 1.08. The company’s fifty day moving average price is $55.09 and its two-hundred day moving average price is $48.16. CLEAR Secure, Inc. has a 52-week low of $28.39 and a 52-week 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 analysts’ consensus estimates of $0.35 by $0.03. The company had revenue of $253.00 million during the quarter, compared to analysts’ expectations of $244.38 million. CLEAR Secure had a net margin of 13.01% and a return on equity of 68.98%. The business’s revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.26 EPS. Analysts predict that CLEAR Secure, Inc. will post 1.61 earnings per share for the current fiscal year.

CLEAR Secure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.2%. CLEAR Secure’s payout ratio is presently 48.39%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on YOU shares. Wells Fargo & Company upped their price objective on shares of CLEAR Secure from $33.00 to $40.00 and gave the company an “underweight” rating in a research report on Thursday, May 7th. DA Davidson reissued a “neutral” rating and set a $60.00 target price (down from $65.00) on shares of CLEAR Secure in a research report on Thursday, May 7th. Weiss Ratings upgraded CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 15th. Needham & Company LLC upped their price target on CLEAR Secure from $60.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen upgraded 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 given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $59.29.

Insider Buying and Selling

In related news, President Michael Z. Barkin sold 11,550 shares of the stock in a transaction dated 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. This represents a 33.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kyle Mclaughlin sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $56.20, for a total transaction of $449,600.00. Following the transaction, the executive vice president owned 29,519 shares of the company’s stock, valued at approximately $1,658,967.80. This represents a 21.32% decrease in their position. 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 sold 23,962 shares of company stock valued at $1,360,146 over the last quarter. Corporate insiders own 29.70% of the company’s stock.

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.