CLEAR Secure, Inc. $YOU Shares Bought by Picton Mahoney Asset Management

Picton Mahoney Asset Management grew its holdings in CLEAR Secure, Inc. (NYSE:YOU) by 51,407.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,573 shares of the company’s stock after buying an additional 19,535 shares during the quarter. Picton Mahoney Asset Management’s holdings in CLEAR Secure were worth $653,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Durable Capital Partners LP lifted its position in shares of CLEAR Secure by 153.1% during the 2nd quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock valued at $207,932,000 after buying an additional 4,531,161 shares in the last quarter. Squarepoint Ops LLC increased its holdings in CLEAR Secure by 4,573.0% in the 2nd quarter. Squarepoint Ops LLC now owns 929,033 shares of the company’s stock worth $25,790,000 after acquiring an additional 909,152 shares in the last quarter. First Trust Advisors LP increased its holdings 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. Empowered Funds LLC acquired a new position in CLEAR Secure during the second quarter worth $17,363,000. Finally, Jupiter Asset Management Ltd. acquired a new position in CLEAR Secure during the second quarter worth $15,090,000. 73.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CLEAR Secure

In other CLEAR Secure news, Director Adam Wiener sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $50.00, for a total value of $750,000.00. Following the transaction, the director directly owned 132,634 shares of the company’s stock, valued at $6,631,700. This trade represents a 10.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Dennis W. Liu sold 7,950 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $48.57, for a total value of $386,131.50. Following the transaction, the chief accounting officer owned 10,960 shares in the company, valued at approximately $532,327.20. This represents a 42.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 135,020 shares of company stock worth $6,025,890 in the last quarter. Insiders own 39.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on YOU shares. Stifel Nicolaus lifted their target price on shares of CLEAR Secure from $38.00 to $51.00 and gave the company a “hold” rating in a research report on Thursday, February 26th. Wall Street Zen downgraded shares of CLEAR Secure from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Telsey Advisory Group raised their price target on shares of CLEAR Secure from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. JPMorgan Chase & Co. lifted their price objective on CLEAR Secure from $42.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Finally, DA Davidson boosted their price objective on CLEAR Secure from $46.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, CLEAR Secure currently has a consensus rating of “Hold” and a consensus target price of $51.57.

CLEAR Secure Stock Down 2.3%

Shares of YOU opened at $46.31 on Friday. CLEAR Secure, Inc. has a 52-week low of $23.00 and a 52-week high of $50.46. The stock has a market cap of $6.17 billion, a PE ratio of 41.35 and a beta of 1.13. The firm’s fifty day moving average is $36.20 and its two-hundred day moving average is $35.28.

CLEAR Secure (NYSE:YOU) last issued its earnings results on Wednesday, February 25th. The company reported $0.31 EPS for the quarter, meeting analysts’ consensus estimates of $0.31. The business had revenue of $240.75 million during the quarter, compared to analysts’ expectations of $235.66 million. CLEAR Secure had a net margin of 12.12% and a return on equity of 70.08%. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.91 earnings per share. As a group, research analysts anticipate that CLEAR Secure, Inc. will post 0.98 earnings per share for the current year.

CLEAR Secure Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be issued a $0.20 dividend. The ex-dividend date is Tuesday, March 10th. This represents a yield of 129.0%. CLEAR Secure’s dividend payout ratio is presently 44.64%.

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.