Dimensional Fund Advisors LP Buys 40,880 Shares of CLEAR Secure, Inc. $YOU

Dimensional Fund Advisors LP lifted its stake in shares of CLEAR Secure, Inc. (NYSE:YOU) by 2.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,711,291 shares of the company’s stock after buying an additional 40,880 shares during the quarter. Dimensional Fund Advisors LP’s holdings in CLEAR Secure were worth $82,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. One Capital Management LLC bought a new stake in shares of CLEAR Secure during the 4th quarter worth $1,270,000. Hussman Strategic Advisors Inc. raised its stake in CLEAR Secure by 50.0% during the 4th quarter. Hussman Strategic Advisors Inc. now owns 63,000 shares of the company’s stock valued at $2,210,000 after purchasing an additional 21,000 shares during the last quarter. Jupiter Asset Management Ltd. boosted its holdings in CLEAR Secure by 260.8% in the 4th quarter. Jupiter Asset Management Ltd. now owns 879,039 shares of the company’s stock valued at $30,837,000 after purchasing an additional 635,400 shares during the period. BNP Paribas Financial Markets boosted its holdings in CLEAR Secure by 9.2% in the 4th quarter. BNP Paribas Financial Markets now owns 582,658 shares of the company’s stock valued at $20,440,000 after purchasing an additional 49,211 shares during the period. Finally, Future Fund LLC acquired a new stake in CLEAR Secure in the 4th quarter worth $1,270,000. 73.80% of the stock is owned by institutional investors.

CLEAR Secure Stock Down 3.7%

NYSE:YOU opened at $56.21 on Friday. The firm has a market cap of $7.49 billion, a PE ratio of 45.33 and a beta of 1.08. CLEAR Secure, Inc. has a 12 month low of $28.39 and a 12 month high of $62.73. The company’s 50-day moving average price is $54.67 and its two-hundred day moving average price is $48.79.

CLEAR Secure (NYSE:YOU) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.03. The company 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 revenue was up 19.7% on a year-over-year basis. During the same quarter last year, the business posted $0.26 earnings per share. On average, research analysts expect that CLEAR Secure, Inc. will post 1.61 EPS for the current fiscal year.

CLEAR Secure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, June 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.1%. CLEAR Secure’s dividend payout ratio is 48.39%.

Insider Buying and Selling

In related news, EVP Kyle Mclaughlin sold 8,000 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president directly owned 29,519 shares of the company’s stock, valued at $1,658,967.80. This trade represents a 21.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jonathan Schlegel sold 4,412 shares of CLEAR Secure stock in a transaction on Friday, May 15th. The shares were sold at an average price of $59.02, for a total value of $260,396.24. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 23,962 shares of company stock worth $1,360,146 in the last three months. Insiders own 29.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on YOU. Stifel Nicolaus set a $60.00 price objective on shares of CLEAR Secure in a report on Thursday, May 7th. Telsey Advisory Group increased their target price on shares of CLEAR Secure from $62.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Needham & Company LLC lifted their target price on CLEAR Secure from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Wells Fargo & Company boosted their price target on CLEAR Secure from $33.00 to $40.00 and gave the company an “underweight” rating in a research note on Thursday, May 7th. Finally, Wall Street Zen raised CLEAR Secure from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. 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.com, the company currently has a consensus rating of “Hold” and a consensus target price of $58.57.

About CLEAR Secure

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.