CLEAR Secure, Inc. $YOU is Avory & Company LLC’s 6th Largest Position

Avory & Company LLC reduced its stake in shares of CLEAR Secure, Inc. (NYSE:YOU) by 64.7% during the first quarter, Holdings Channel reports. The institutional investor owned 83,887 shares of the company’s stock after selling 153,945 shares during the quarter. CLEAR Secure comprises 5.3% of Avory & Company LLC’s portfolio, making the stock its 6th biggest holding. Avory & Company LLC’s holdings in CLEAR Secure were worth $4,061,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Royal Bank of Canada grew its holdings in shares of CLEAR Secure by 59.7% in the first quarter. Royal Bank of Canada now owns 271,498 shares of the company’s stock worth $7,034,000 after purchasing an additional 101,476 shares during the last quarter. Amundi boosted its holdings in shares of CLEAR Secure by 62.5% during the first quarter. Amundi now owns 3,743 shares of the company’s stock worth $97,000 after purchasing an additional 1,440 shares during the period. Advisors Asset Management Inc. bought a new stake in shares of CLEAR Secure in the first quarter worth about $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of 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 purchasing an additional 2,801 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in CLEAR Secure by 64.7% during the 1st quarter. NewEdge Advisors LLC now owns 4,583 shares of the company’s stock valued at $119,000 after purchasing an additional 1,801 shares during the period. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CLEAR Secure

In related news, insider Jonathan Schlegel sold 4,412 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the president directly owned 22,994 shares of the company’s stock, valued at approximately $1,294,332.26. This trade represents a 33.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 23,962 shares of company stock valued at $1,360,146 in the last three months. 39.73% of the stock is currently owned by company insiders.

CLEAR Secure Stock Up 5.6%

YOU opened at $56.78 on Tuesday. CLEAR Secure, Inc. has a 52 week low of $28.06 and a 52 week high of $62.73. The stock has a market cap of $7.57 billion, a PE ratio of 45.79 and a beta of 1.08. The business has a 50 day moving average of $55.60 and a 200-day moving average of $46.43.

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. Equities analysts anticipate that CLEAR Secure, Inc. will post 1.79 EPS for the current year.

CLEAR Secure Announces Dividend

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

Analyst Ratings Changes

A number of research firms have commented on YOU. Wells Fargo & Company upped their price target on CLEAR Secure from $33.00 to $40.00 and gave the company an “underweight” rating in a research report on Thursday, May 7th. Zacks Research upgraded shares of CLEAR Secure from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. DA Davidson restated a “neutral” rating and issued a $60.00 price objective (down from $65.00) on shares of CLEAR Secure in a report on Thursday, May 7th. Wall Street Zen raised shares of CLEAR Secure from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Stifel Nicolaus set a $60.00 target price on shares of CLEAR Secure in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $60.00.

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.