Arrowstreet Capital Limited Partnership Has $93.74 Million Stock Position in CLEAR Secure, Inc. $YOU

Arrowstreet Capital Limited Partnership reduced its stake in shares of CLEAR Secure, Inc. (NYSE:YOU) by 7.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,672,059 shares of the company’s stock after selling 216,334 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in CLEAR Secure were worth $93,736,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of YOU. Durable Capital Partners LP grew its position in shares of CLEAR Secure by 153.1% in 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 period. State Street Corp grew its position in shares of CLEAR Secure by 1.8% in the 4th quarter. State Street Corp now owns 3,312,235 shares of the company’s stock valued at $116,193,000 after purchasing an additional 59,067 shares during the period. First Trust Advisors LP grew its position in shares of CLEAR Secure by 1.2% in the 3rd quarter. First Trust Advisors LP now owns 3,063,062 shares of the company’s stock valued at $102,245,000 after purchasing an additional 35,304 shares during the period. Morgan Stanley grew its position in shares of CLEAR Secure by 6.0% in the 4th quarter. Morgan Stanley now owns 2,696,837 shares of the company’s stock valued at $94,605,000 after purchasing an additional 152,074 shares during the period. Finally, Wellington Management Group LLP grew its position in shares of CLEAR Secure by 5.9% in the 3rd quarter. Wellington Management Group LLP now owns 2,489,607 shares of the company’s stock valued at $83,103,000 after purchasing an additional 139,048 shares during the period. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CLEAR Secure

In other news, President Michael Z. Barkin sold 11,550 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $56.29, for a total transaction of $650,149.50. Following the sale, the president owned 22,994 shares in the company, valued at $1,294,332.26. This represents a 33.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kyle Mclaughlin sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $56.20, for a total value of $449,600.00. Following the sale, the executive vice president owned 29,519 shares in the company, 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 have sold a total of 23,962 shares of company stock worth $1,360,146 in the last 90 days. Corporate insiders own 39.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on YOU shares. Needham & Company LLC boosted their price objective on CLEAR Secure from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Zacks Research upgraded CLEAR Secure from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. Wells Fargo & Company boosted their price objective on CLEAR Secure from $33.00 to $40.00 and gave the company an “underweight” rating in a research report on Thursday, May 7th. The Goldman Sachs Group reiterated a “buy” rating and issued a $75.00 price objective on shares of CLEAR Secure in a research report on Thursday, May 7th. Finally, Wall Street Zen upgraded CLEAR Secure from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

CLEAR Secure Stock Up 2.2%

NYSE:YOU opened at $51.35 on Tuesday. CLEAR Secure, Inc. has a twelve month low of $24.06 and a twelve month high of $62.73. The business has a 50 day moving average price of $55.12 and a two-hundred day moving average price of $44.54. The company has a market cap of $6.85 billion, a P/E ratio of 41.41 and a beta of 1.08.

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, topping analysts’ consensus estimates of $0.35 by $0.03. CLEAR Secure had a return on equity of 68.98% and a net margin of 13.01%.The firm had revenue of $253.00 million during the quarter, compared to the consensus estimate of $244.38 million. During the same quarter in the prior year, the firm posted $0.26 EPS. The business’s revenue was up 19.7% on a year-over-year basis. As a group, analysts anticipate that CLEAR Secure, Inc. will post 1.78 earnings per share for the current fiscal year.

CLEAR Secure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, June 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 48.39%.

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.