Cookson Peirce & Co. Inc. Acquires Shares of 94,724 CLEAR Secure, Inc. $YOU

Cookson Peirce & Co. Inc. bought a new position in shares of CLEAR Secure, Inc. (NYSE:YOU) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 94,724 shares of the company’s stock, valued at approximately $3,162,000.

A number of other large investors have also recently made changes to their positions in YOU. Durable Capital Partners LP increased its stake in CLEAR Secure by 153.1% in the 2nd quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock worth $207,932,000 after buying an additional 4,531,161 shares during the period. First Trust Advisors LP grew its stake in CLEAR Secure by 36.3% in the 2nd quarter. First Trust Advisors LP now owns 3,027,758 shares of the company’s stock worth $84,051,000 after acquiring an additional 805,795 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of 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 acquiring an additional 430,035 shares during the period. JPMorgan Chase & Co. raised its stake in shares of CLEAR Secure by 10.7% during the second quarter. JPMorgan Chase & Co. now owns 1,479,594 shares of the company’s stock valued at $41,074,000 after acquiring an additional 143,012 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of CLEAR Secure by 7.8% during the second quarter. Ameriprise Financial Inc. now owns 1,224,469 shares of the company’s stock valued at $33,991,000 after acquiring an additional 88,605 shares in the last quarter. 73.80% of the stock is owned by hedge funds and other institutional investors.

CLEAR Secure Price Performance

Shares of NYSE YOU opened at $32.67 on Friday. CLEAR Secure, Inc. has a 1-year low of $21.67 and a 1-year high of $42.29. The business has a fifty day moving average price of $35.06 and a 200 day moving average price of $34.30. The stock has a market capitalization of $4.35 billion, a P/E ratio of 19.92 and a beta of 1.21.

Insider Activity

In other CLEAR Secure news, Director Adam Wiener sold 14,000 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $35.00, for a total transaction of $490,000.00. Following the completion of the sale, the director directly owned 165,634 shares of the company’s stock, valued at approximately $5,797,190. This represents a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Lynn Haaland sold 15,532 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $41.00, for a total transaction of $636,812.00. Following the completion of the sale, the insider owned 15,533 shares in the company, valued at $636,853. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 37,532 shares of company stock valued at $1,446,812. Insiders own 39.73% of the company’s stock.

Analysts Set New Price Targets

YOU has been the topic of several research reports. The Goldman Sachs Group raised their price objective on CLEAR Secure from $37.00 to $41.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Zacks Research downgraded CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Telsey Advisory Group restated an “outperform” rating and issued a $45.00 price objective on shares of CLEAR Secure in a report on Wednesday, December 17th. Wall Street Zen lowered shares of CLEAR Secure from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Stifel Nicolaus set a $38.00 target price on shares of CLEAR Secure in a research report on Thursday, November 6th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, CLEAR Secure currently has an average rating of “Hold” and a consensus target price of $40.86.

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.