Polen Capital Management LLC Grows Position in CLEAR Secure, Inc. $YOU

Polen Capital Management LLC increased its position in shares of CLEAR Secure, Inc. (NYSE:YOU) by 36.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 39,325 shares of the company’s stock after buying an additional 10,454 shares during the quarter. Polen Capital Management LLC’s holdings in CLEAR Secure were worth $1,380,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. One Capital Management LLC purchased a new stake in shares of CLEAR Secure during the fourth quarter worth approximately $1,270,000. First Trust Advisors LP increased its stake in shares of CLEAR Secure by 1.2% during the third quarter. First Trust Advisors LP now owns 3,063,062 shares of the company’s stock worth $102,245,000 after buying an additional 35,304 shares during the period. Black Swift Group LLC purchased a new stake in shares of CLEAR Secure during the third quarter worth approximately $907,000. CWA Asset Management Group LLC increased its stake in shares of CLEAR Secure by 210.8% during the fourth quarter. CWA Asset Management Group LLC now owns 61,169 shares of the company’s stock worth $2,146,000 after buying an additional 41,485 shares during the period. Finally, Cookson Peirce & Co. Inc. increased its stake in shares of CLEAR Secure by 36.2% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 129,032 shares of the company’s stock worth $4,526,000 after buying an additional 34,308 shares during the period. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

CLEAR Secure Stock Down 1.8%

Shares of CLEAR Secure stock opened at $51.01 on Friday. The firm has a market capitalization of $6.80 billion, a P/E ratio of 41.14 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 firm’s 50 day moving average is $55.10 and its two-hundred day moving average is $44.32.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.35 by $0.03. The company had revenue of $253.00 million for 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 firm’s revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 earnings per share. As a group, research analysts expect that CLEAR Secure, Inc. will post 1.78 earnings per share 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. Stockholders of record on Wednesday, June 10th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, June 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.2%. CLEAR Secure’s dividend payout ratio (DPR) is 48.39%.

Wall Street Analyst Weigh In

YOU has been the topic of a number of recent research reports. Stifel Nicolaus set a $60.00 target price on shares of CLEAR Secure in a research note on Thursday, May 7th. Telsey Advisory Group upped their target price on shares of CLEAR Secure from $62.00 to $68.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Wells Fargo & Company increased their price target on shares of CLEAR Secure from $33.00 to $40.00 and gave the company an “underweight” rating in a research note on Thursday, May 7th. Zacks Research upgraded shares of CLEAR Secure from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $75.00 price target 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 issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, CLEAR Secure presently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Insider Transactions at CLEAR Secure

In other news, insider Jonathan Schlegel sold 4,412 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $59.02, for a total transaction of $260,396.24. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kyle Mclaughlin sold 8,000 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $1,658,967.80. This trade represents a 21.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 23,962 shares of company stock worth $1,360,146. Insiders own 39.73% of the company’s stock.

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.