CLEAR Secure, Inc. $YOU Stock Holdings Lessened by Plato Investment Management Ltd

Plato Investment Management Ltd trimmed its stake in CLEAR Secure, Inc. (NYSE:YOU) by 77.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,770 shares of the company’s stock after selling 9,464 shares during the quarter. Plato Investment Management Ltd’s holdings in CLEAR Secure were worth $77,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. New York State Common Retirement Fund lifted its stake in CLEAR Secure by 6.3% in the first quarter. New York State Common Retirement Fund now owns 28,913 shares of the company’s stock valued at $749,000 after acquiring an additional 1,712 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in CLEAR Secure by 54.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 27,627 shares of the company’s stock valued at $713,000 after acquiring an additional 9,768 shares during the last quarter. Personal CFO Solutions LLC acquired a new stake in CLEAR Secure in the first quarter valued at approximately $260,000. Principal Financial Group Inc. lifted its stake in shares of CLEAR Secure by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 519,264 shares of the company’s stock valued at $13,454,000 after purchasing an additional 11,633 shares during the last quarter. Finally, Jump Financial LLC boosted its holdings in CLEAR Secure by 110.0% in the first quarter. Jump Financial LLC now owns 132,199 shares of the company’s stock worth $3,425,000 after purchasing an additional 69,259 shares in the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on YOU. Stifel Nicolaus upped their price objective on shares of CLEAR Secure from $26.00 to $28.00 and gave the stock a “hold” rating in a report on Tuesday, July 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CLEAR Secure in a research report on Wednesday, October 8th. Telsey Advisory Group restated an “outperform” rating and issued a $37.00 target price on shares of CLEAR Secure in a report on Friday. Wall Street Zen upgraded CLEAR Secure from a “hold” rating to a “buy” rating in a report on Sunday. Finally, DA Davidson assumed coverage on CLEAR Secure in a report on Tuesday, September 16th. They issued a “buy” rating and a $45.00 target price for the company. Four research analysts have rated the stock with a Buy rating, four have issued 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 “Hold” and a consensus price target of $34.71.

CLEAR Secure Stock Performance

NYSE YOU opened at $30.90 on Tuesday. CLEAR Secure, Inc. has a twelve month low of $21.67 and a twelve month high of $39.00. The stock has a market capitalization of $4.11 billion, a PE ratio of 19.31 and a beta of 1.24. The stock has a 50-day simple moving average of $34.02 and a 200 day simple moving average of $29.97.

CLEAR Secure (NYSE:YOU) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.03. CLEAR Secure had a return on equity of 122.69% and a net margin of 21.17%.The business had revenue of $219.47 million during the quarter, compared to analysts’ expectations of $214.90 million. During the same quarter in the previous year, the firm earned $0.34 EPS. The firm’s revenue was up 17.6% compared to the same quarter last year. As a group, equities research analysts forecast that CLEAR Secure, Inc. will post 0.98 EPS for the current fiscal year.

Insider Transactions at CLEAR Secure

In related news, CAO Dennis W. Liu sold 2,027 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $36.00, for a total transaction of $72,972.00. Following the completion of the transaction, the chief accounting officer directly owned 11,896 shares in the company, valued at $428,256. This represents a 14.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Michael Z. Barkin sold 16,050 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $35.22, for a total transaction of $565,281.00. Following the transaction, the president owned 12,725 shares of the company’s stock, valued at approximately $448,174.50. The trade was a 55.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 36,027 shares of company stock worth $1,250,703 over the last three months. 39.73% of the stock is currently owned by insiders.

About CLEAR Secure

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.