Clark Capital Management Group Inc. Buys 32,139 Shares of CLEAR Secure, Inc. $YOU

Clark Capital Management Group Inc. boosted its position in shares of CLEAR Secure, Inc. (NYSE:YOU) by 13.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 272,045 shares of the company’s stock after buying an additional 32,139 shares during the quarter. Clark Capital Management Group Inc.’s holdings in CLEAR Secure were worth $9,081,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Durable Capital Partners LP raised its stake 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 valued at $207,932,000 after acquiring an additional 4,531,161 shares during the period. First Trust Advisors LP boosted its stake in shares of CLEAR Secure by 1.2% during the 3rd quarter. First Trust Advisors LP now owns 3,063,062 shares of the company’s stock worth $102,245,000 after purchasing an additional 35,304 shares during the period. Wellington Management Group LLP grew its holdings in CLEAR Secure by 5.9% during 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 last quarter. Goldman Sachs Group Inc. grew its holdings in CLEAR Secure by 35.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,633,346 shares of the company’s stock valued at $42,320,000 after purchasing an additional 430,035 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in CLEAR Secure by 2.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,601,851 shares of the company’s stock worth $53,491,000 after purchasing an additional 36,056 shares during the period. Institutional investors own 73.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on YOU shares. Needham & Company LLC raised their price objective on shares of CLEAR Secure from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Telsey Advisory Group increased their price target on CLEAR Secure from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, February 26th. JPMorgan Chase & Co. raised their price target on CLEAR Secure from $42.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, February 26th. Zacks Research cut CLEAR Secure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Finally, Stifel Nicolaus upped their price objective on CLEAR Secure from $38.00 to $51.00 and gave the company a “hold” rating in a research report on Thursday, February 26th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, CLEAR Secure presently has an average rating of “Hold” and an average target price of $51.57.

CLEAR Secure Stock Performance

Shares of NYSE YOU opened at $44.64 on Monday. CLEAR Secure, Inc. has a 52-week low of $23.00 and a 52-week high of $50.46. The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of 39.85 and a beta of 1.12. The stock has a 50 day moving average price of $37.22 and a 200 day moving average price of $35.62.

CLEAR Secure (NYSE:YOU) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. The company had revenue of $240.75 million for the quarter, compared to the consensus estimate of $235.66 million. CLEAR Secure had a return on equity of 70.08% and a net margin of 12.12%.CLEAR Secure’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period last year, the business posted $0.91 EPS. Analysts forecast that CLEAR Secure, Inc. will post 0.98 earnings per share for the current year.

CLEAR Secure Announces Dividend

The company also recently declared a special dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be paid a dividend of $0.20 per share. The ex-dividend date is Tuesday, March 10th. This represents a dividend yield of 131.0%. CLEAR Secure’s dividend payout ratio (DPR) is currently 53.57%.

Insider Transactions at CLEAR Secure

In other CLEAR Secure news, President Michael Z. Barkin sold 22,885 shares of the firm’s stock in a transaction dated Sunday, March 1st. The shares were sold at an average price of $48.22, for a total transaction of $1,103,514.70. Following the transaction, the president owned 5,669 shares of the company’s stock, valued at approximately $273,359.18. This trade represents a 80.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Dennis W. Liu sold 7,950 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $48.57, for a total transaction of $386,131.50. Following the completion of the sale, the chief accounting officer owned 10,960 shares of the company’s stock, valued at approximately $532,327.20. This represents a 42.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 111,488 shares of company stock valued at $5,069,078. Insiders own 39.73% of the company’s stock.

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.