Corient Private Wealth LLC Sells 13,854 Shares of CLEAR Secure, Inc. $YOU

Corient Private Wealth LLC lowered its stake in shares of CLEAR Secure, Inc. (NYSE:YOU) by 45.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 16,957 shares of the company’s stock after selling 13,854 shares during the period. Corient Private Wealth LLC’s holdings in CLEAR Secure were worth $595,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in YOU. Royal Bank of Canada raised its position in CLEAR Secure by 59.7% during the first quarter. Royal Bank of Canada now owns 271,498 shares of the company’s stock valued at $7,034,000 after purchasing an additional 101,476 shares in the last quarter. Amundi lifted its position in CLEAR Secure by 62.5% in the 1st quarter. Amundi now owns 3,743 shares of the company’s stock worth $97,000 after buying an additional 1,440 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in CLEAR Secure in the 1st quarter worth approximately $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in CLEAR Secure by 5.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,755 shares of the company’s stock worth $1,367,000 after buying an additional 2,801 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in CLEAR Secure by 64.7% in the first quarter. NewEdge Advisors LLC now owns 4,583 shares of the company’s stock worth $119,000 after buying an additional 1,801 shares in the last quarter. 73.80% of the stock is owned by institutional investors.

CLEAR Secure Stock Performance

NYSE:YOU opened at $53.81 on Friday. CLEAR Secure, Inc. has a fifty-two week low of $28.06 and a fifty-two week high of $62.73. The firm has a market cap of $7.17 billion, a PE ratio of 43.39 and a beta of 1.08. The business has a 50 day moving average price of $55.54 and a 200-day moving average price of $46.25.

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

CLEAR Secure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, June 10th. CLEAR Secure’s dividend payout ratio (DPR) is 48.39%.

Wall Street Analyst Weigh In

Several research firms have commented on YOU. Wells Fargo & Company lifted their price target on shares of CLEAR Secure from $33.00 to $40.00 and gave the stock an “underweight” rating in a research note on Thursday, May 7th. Wall Street Zen raised shares of CLEAR Secure from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Needham & Company LLC upped their price objective on shares of CLEAR Secure from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Weiss Ratings raised shares of CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 15th. Finally, Zacks Research upgraded shares of CLEAR Secure from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, CLEAR Secure has an average rating of “Moderate Buy” and an average price target of $60.00.

Insider Buying and Selling at CLEAR Secure

In other 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 transaction of $650,149.50. Following the completion of the sale, the president directly owned 22,994 shares in the company, valued at approximately $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 accessible through 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 shares were sold at an average price of $59.02, for a total value of $260,396.24. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 23,962 shares of company stock worth $1,360,146. 39.73% of the stock is currently owned by company insiders.

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.