Corient Private Wealth LLC Takes Position in CLEAR Secure, Inc. $YOU

Corient Private Wealth LLC purchased a new position in shares of CLEAR Secure, Inc. (NYSE:YOU) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,808 shares of the company’s stock, valued at approximately $578,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Osaic Holdings Inc. increased its holdings in CLEAR Secure by 31.8% in the second quarter. Osaic Holdings Inc. now owns 73,653 shares of the company’s stock valued at $2,019,000 after buying an additional 17,771 shares in the last quarter. Cim LLC grew its position in shares of CLEAR Secure by 5.2% during the 2nd quarter. Cim LLC now owns 61,170 shares of the company’s stock valued at $1,698,000 after acquiring an additional 3,014 shares during the period. State of Wyoming purchased a new position in shares of CLEAR Secure in the 2nd quarter valued at about $126,000. Geneos Wealth Management Inc. increased its stake in shares of CLEAR Secure by 69.7% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,655 shares of the company’s stock valued at $46,000 after purchasing an additional 680 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in CLEAR Secure by 19.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,977 shares of the company’s stock worth $277,000 after purchasing an additional 1,595 shares during the period. Institutional investors and hedge funds own 73.80% of the company’s stock.

Insider Activity

In other CLEAR Secure news, Director Adam Wiener sold 8,000 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $40.00, for a total value of $320,000.00. Following the completion of the sale, the director owned 179,634 shares in the company, valued at approximately $7,185,360. This represents a 4.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lynn Haaland sold 15,532 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $41.00, for a total value of $636,812.00. Following the transaction, the insider owned 15,533 shares in the company, valued at approximately $636,853. This represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 37,532 shares of company stock valued at $1,437,212. 39.73% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on YOU. The Goldman Sachs Group raised their price objective on CLEAR Secure from $37.00 to $41.00 and gave the company a “buy” rating in a report on Thursday, November 6th. JPMorgan Chase & Co. raised shares of CLEAR Secure from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $35.00 to $42.00 in a research note on Friday, December 12th. DA Davidson set a $46.00 price target on shares of CLEAR Secure and gave the stock a “buy” rating in a report on Tuesday, December 16th. Zacks Research cut shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of CLEAR Secure in a research report on Monday, December 22nd. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.86.

CLEAR Secure Stock Performance

Shares of YOU opened at $35.85 on Monday. The stock has a 50 day moving average price of $34.84 and a 200 day moving average price of $32.87. CLEAR Secure, Inc. has a one year low of $21.67 and a one year high of $42.29. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 21.86 and a beta of 1.21.

CLEAR Secure (NYSE:YOU) last announced its earnings results on Thursday, November 6th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. CLEAR Secure had a net margin of 20.97% and a return on equity of 119.82%. The company had revenue of $229.19 million for the quarter, compared to analysts’ expectations of $224.80 million. During the same quarter in the previous year, the company posted $0.30 EPS. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. On average, analysts predict that CLEAR Secure, Inc. will post 0.98 earnings per share for the current year.

CLEAR Secure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 10th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, December 10th. CLEAR Secure’s dividend payout ratio is currently 30.49%.

About CLEAR Secure

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.