Royal Bank of Canada Cuts Position in CLEAR Secure, Inc. $YOU

Royal Bank of Canada decreased its position in CLEAR Secure, Inc. (NYSE:YOU) by 6.1% during the first quarter, Holdings Channel reports. The firm owned 206,429 shares of the company’s stock after selling 13,505 shares during the quarter. Royal Bank of Canada’s holdings in CLEAR Secure were worth $9,994,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. One Capital Management LLC acquired a new position in CLEAR Secure during the 4th quarter worth about $1,270,000. Ashford Capital Management Inc. grew its position in CLEAR Secure by 97.5% in the 1st quarter. Ashford Capital Management Inc. now owns 533,268 shares of the company’s stock valued at $25,816,000 after acquiring an additional 263,218 shares in the last quarter. Hussman Strategic Advisors Inc. grew its position 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 acquiring an additional 21,000 shares in the last quarter. Jupiter Asset Management Ltd. grew 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 valued at $30,837,000 after acquiring an additional 635,400 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in CLEAR Secure by 9.2% during the fourth quarter. BNP Paribas Financial Markets now owns 582,658 shares of the company’s stock worth $20,440,000 after purchasing an additional 49,211 shares during the period. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CLEAR Secure

In related news, insider Jonathan Schlegel sold 4,412 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $59.02, for a total transaction of $260,396.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kyle Mclaughlin sold 8,000 shares of the stock in a transaction on Tuesday, June 2nd. The shares were 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 trade represents a 21.32% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 23,962 shares of company stock valued at $1,360,146. Insiders own 29.70% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Wall Street Zen raised shares of CLEAR Secure from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Zacks Research downgraded shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Wells Fargo & Company increased their target price on shares of CLEAR Secure from $33.00 to $40.00 and gave the stock an “underweight” rating in a report on Thursday, May 7th. Stifel Nicolaus set a $60.00 price target on shares of CLEAR Secure in a research note on Thursday, May 7th. Finally, The Goldman Sachs Group set a $70.00 price objective on CLEAR Secure in a research report on Monday, July 20th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $58.57.

CLEAR Secure Stock Performance

Shares of YOU opened at $51.26 on Monday. CLEAR Secure, Inc. has a 1 year low of $29.43 and a 1 year high of $69.07. The stock has a market capitalization of $6.83 billion, a PE ratio of 34.87 and a beta of 1.06. The stock has a 50-day simple moving average of $54.19 and a 200-day simple moving average of $49.63.

CLEAR Secure (NYSE:YOU) last released its earnings results on Wednesday, August 5th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.09. The firm had revenue of $277.76 million for the quarter, compared to analyst estimates of $269.71 million. CLEAR Secure had a net margin of 14.78% and a return on equity of 71.51%. The business’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 earnings per share. Analysts predict that CLEAR Secure, Inc. will post 1.61 EPS for the current year.

CLEAR Secure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.2%. CLEAR Secure’s dividend payout ratio is currently 40.82%.

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.