Truist Financial Corp trimmed its holdings in CLEAR Secure, Inc. (NYSE:YOU – Free Report) by 3.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,098 shares of the company’s stock after selling 486 shares during the period. Truist Financial Corp’s holdings in CLEAR Secure were worth $419,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in the business. New York State Common Retirement Fund boosted its stake in shares of CLEAR Secure by 6.3% in the 1st quarter. New York State Common Retirement Fund now owns 28,913 shares of the company’s stock worth $749,000 after buying an additional 1,712 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in CLEAR Secure by 54.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 27,627 shares of the company’s stock worth $713,000 after acquiring an additional 9,768 shares during the period. Personal CFO Solutions LLC bought a new stake in CLEAR Secure during the first quarter worth $260,000. Principal Financial Group Inc. lifted its holdings in CLEAR Secure by 2.3% during the first quarter. Principal Financial Group Inc. now owns 519,264 shares of the company’s stock worth $13,454,000 after acquiring an additional 11,633 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of CLEAR Secure by 132.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 23,681 shares of the company’s stock valued at $614,000 after purchasing an additional 13,499 shares during the last quarter. 73.80% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of CLEAR Secure from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. Zacks Research cut shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Stifel Nicolaus boosted their target price on shares of CLEAR Secure from $26.00 to $28.00 and gave the company a “hold” rating in a research note on Tuesday, July 29th. DA Davidson began coverage on shares of CLEAR Secure in a research note on Tuesday, September 16th. They issued a “buy” rating and a $45.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CLEAR Secure in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $34.71.
Insider Transactions at CLEAR Secure
In related news, President Michael Z. Barkin sold 16,050 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $35.22, for a total transaction of $565,281.00. Following the transaction, the president owned 12,725 shares in the company, valued at $448,174.50. The trade was a 55.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Adam Wiener sold 8,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $33.02, for a total transaction of $264,160.00. Following the completion of the sale, the director directly owned 193,634 shares in the company, valued at $6,393,794.68. This represents a 3.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 61,027 shares of company stock worth $2,074,903. 39.73% of the stock is currently owned by insiders.
CLEAR Secure Price Performance
Shares of NYSE:YOU opened at $30.94 on Friday. The firm has a fifty day moving average price of $34.57 and a two-hundred day moving average price of $29.41. CLEAR Secure, Inc. has a one year low of $21.67 and a one year high of $39.00. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 19.34 and a beta of 1.24.
CLEAR Secure (NYSE:YOU – Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03. CLEAR Secure had a return on equity of 122.69% and a net margin of 21.17%.The company had revenue of $219.47 million during the quarter, compared to analyst estimates of $214.90 million. During the same quarter in the previous year, the firm earned $0.34 earnings per share. CLEAR Secure’s revenue was up 17.6% on a year-over-year basis. CLEAR Secure has set its Q3 2025 guidance at EPS. Equities research analysts expect that CLEAR Secure, Inc. will post 0.98 EPS for the current fiscal year.
CLEAR Secure Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 10th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Wednesday, September 10th. CLEAR Secure’s dividend payout ratio (DPR) is currently 31.25%.
CLEAR Secure Company Profile
Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.
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