T3 Companies LLC Takes $424,000 Position in CLEAR Secure, Inc. $YOU

T3 Companies LLC bought a new stake in CLEAR Secure, Inc. (NYSE:YOU) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,100 shares of the company’s stock, valued at approximately $424,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Durable Capital Partners LP raised 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 valued at $207,932,000 after purchasing an additional 4,531,161 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of CLEAR Secure by 1.2% in the third quarter. First Trust Advisors LP now owns 3,063,062 shares of the company’s stock valued at $102,245,000 after purchasing an additional 35,304 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of CLEAR Secure by 5.9% in the third 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. Geode Capital Management LLC increased its holdings in CLEAR Secure by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 2,453,137 shares of the company’s stock worth $86,069,000 after buying an additional 20,419 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in CLEAR Secure by 35.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,633,346 shares of the company’s stock worth $42,320,000 after buying an additional 430,035 shares during the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

CLEAR Secure Stock Performance

NYSE YOU opened at $51.92 on Thursday. The company has a market capitalization of $6.92 billion, a PE ratio of 41.87 and a beta of 1.08. CLEAR Secure, Inc. has a 52-week low of $24.06 and a 52-week high of $62.73. The company has a 50-day simple moving average of $55.05 and a 200 day simple moving average of $44.22.

CLEAR Secure (NYSE:YOU) last issued its earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. The firm had revenue of $253.00 million during the quarter, compared to analyst estimates of $244.38 million. CLEAR Secure had a net margin of 13.01% and a return on equity of 68.98%. The company’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter last year, the business earned $0.26 earnings per share. As a group, analysts forecast that CLEAR Secure, Inc. will post 1.78 EPS for the current fiscal year.

CLEAR Secure Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, June 10th. CLEAR Secure’s dividend payout ratio (DPR) is currently 48.39%.

Analyst Upgrades and Downgrades

YOU has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of CLEAR Secure from $42.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. DA Davidson restated a “neutral” rating and set a $60.00 price objective (down from $65.00) on shares of CLEAR Secure in a 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. Telsey Advisory Group raised their price objective on shares of CLEAR Secure from $62.00 to $68.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Finally, Stifel Nicolaus set a $60.00 price objective on shares of CLEAR Secure in a report on Thursday, May 7th. One 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 issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Insiders Place Their Bets

In other CLEAR Secure 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 transaction, the president owned 22,994 shares in the company, valued at $1,294,332.26. This trade represents a 33.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kyle Mclaughlin sold 8,000 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $56.20, for a total transaction of $449,600.00. Following the transaction, the executive vice president owned 29,519 shares of the company’s stock, valued at $1,658,967.80. This represents a 21.32% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 23,962 shares of company stock worth $1,360,146 over the last quarter. 39.73% of the stock is currently owned by company insiders.

CLEAR Secure 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.