Allen Operations LLC Lowers Holdings in CLEAR Secure, Inc. $YOU

Allen Operations LLC trimmed its position in CLEAR Secure, Inc. (NYSE:YOU) by 25.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 367,965 shares of the company’s stock after selling 122,655 shares during the period. CLEAR Secure accounts for 2.7% of Allen Operations LLC’s investment portfolio, making the stock its 12th biggest position. Allen Operations LLC’s holdings in CLEAR Secure were worth $17,813,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in YOU. Durable Capital Partners LP increased its holdings in shares of CLEAR Secure by 153.1% in the second quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock worth $207,932,000 after purchasing an additional 4,531,161 shares during the period. Jacobs Levy Equity Management Inc. grew its position in CLEAR Secure by 6,038.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,463,717 shares of the company’s stock worth $48,859,000 after buying an additional 1,439,873 shares in the last quarter. Squarepoint Ops LLC increased its stake 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 acquiring an additional 909,152 shares during the last quarter. Norges Bank bought a new position in CLEAR Secure in the 4th quarter worth about $29,500,000. Finally, Jupiter Asset Management Ltd. raised its holdings in shares of 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. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

CLEAR Secure Trading Down 0.0%

Shares of CLEAR Secure stock opened at $56.02 on Monday. The firm has a market capitalization of $7.47 billion, a PE ratio of 45.18 and a beta of 1.08. The business’s 50-day moving average price is $55.40 and its 200-day moving average price is $47.58. CLEAR Secure, Inc. has a 12 month low of $28.39 and a 12 month high of $62.73.

CLEAR Secure (NYSE:YOU) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.03. The company had revenue of $253.00 million for the quarter, compared to analysts’ expectations of $244.38 million. CLEAR Secure had a return on equity of 68.98% and a net margin of 13.01%.The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 earnings per share. As a group, analysts predict that CLEAR Secure, Inc. will post 1.79 earnings per share for the current fiscal year.

CLEAR Secure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Wednesday, June 10th. CLEAR Secure’s payout ratio is 48.39%.

Insider Transactions at CLEAR Secure

In related news, President Michael Z. Barkin sold 11,550 shares of CLEAR Secure stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $56.29, for a total transaction of $650,149.50. Following the completion of the transaction, the president directly owned 22,994 shares of the company’s stock, valued at $1,294,332.26. This trade represents a 33.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jonathan Schlegel sold 4,412 shares of the business’s 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 disclosure for this sale is available in the SEC filing. Insiders have sold 23,962 shares of company stock valued at $1,360,146 in the last three months. 29.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

YOU has been the subject of a number of research analyst reports. Wall Street Zen upgraded CLEAR Secure from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Wells Fargo & Company upped their price objective on shares of CLEAR Secure from $33.00 to $40.00 and gave the stock an “underweight” rating in a research report on Thursday, May 7th. DA Davidson reaffirmed a “neutral” rating and issued a $60.00 target price (down from $65.00) on shares of CLEAR Secure in a research note on Thursday, May 7th. Weiss Ratings upgraded shares of CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. Finally, Stifel Nicolaus set a $60.00 price target on shares of CLEAR Secure in a research note on Thursday, May 7th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, CLEAR Secure has a consensus rating of “Hold” and an average price target of $60.00.

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.