Corient Private Wealth LLC Invests $578,000 in CLEAR Secure, Inc. $YOU

Corient Private Wealth LLC acquired a new position in shares of CLEAR Secure, Inc. (NYSE:YOU) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 20,808 shares of the company’s stock, valued at approximately $578,000.

Several other institutional investors also recently bought and sold shares of the company. Durable Capital Partners LP grew its holdings in CLEAR Secure by 153.1% in the second quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock worth $207,932,000 after purchasing an additional 4,531,161 shares during the last quarter. First Trust Advisors LP boosted its position in shares of 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 purchasing an additional 805,795 shares in the last quarter. Copeland Capital Management LLC boosted its position in shares of CLEAR Secure by 25.2% in the 2nd quarter. Copeland Capital Management LLC now owns 2,474,330 shares of the company’s stock worth $68,687,000 after purchasing an additional 497,871 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in CLEAR Secure by 35.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,633,346 shares of the company’s stock worth $42,320,000 after buying an additional 430,035 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in CLEAR Secure by 10.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,479,594 shares of the company’s stock valued at $41,074,000 after buying an additional 143,012 shares in the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on YOU. Wall Street Zen downgraded CLEAR Secure from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $45.00 price objective on shares of CLEAR Secure in a research report on Wednesday, December 17th. Wells Fargo & Company boosted their target price on shares of CLEAR Secure from $25.00 to $29.00 and gave the stock an “underweight” rating in a research report on Friday, November 7th. Stifel Nicolaus set a $38.00 price target on shares of CLEAR Secure in a report on Thursday, November 6th. Finally, JPMorgan Chase & Co. upgraded shares of CLEAR Secure from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $35.00 to $42.00 in a research note on Friday, December 12th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $40.86.

Insider Transactions at CLEAR Secure

In other news, insider Lynn Haaland sold 15,532 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $41.00, for a total value of $636,812.00. Following the completion of the transaction, the insider owned 15,533 shares of the company’s stock, valued at $636,853. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Adam Wiener sold 8,000 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $40.00, for a total value of $320,000.00. Following the completion of the sale, the director owned 179,634 shares in the company, valued at $7,185,360. The trade was a 4.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 37,532 shares of company stock valued at $1,437,212 in the last quarter. Company insiders own 39.73% of the company’s stock.

CLEAR Secure Trading Down 1.0%

YOU opened at $35.85 on Monday. CLEAR Secure, Inc. has a 12-month low of $21.67 and a 12-month high of $42.29. The firm has a 50 day moving average of $34.84 and a two-hundred day moving average of $32.87. The firm has a market capitalization of $4.77 billion, a PE ratio of 21.86 and a beta of 1.21.

CLEAR Secure (NYSE:YOU) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. The business had revenue of $229.19 million for the quarter, compared to the consensus estimate of $224.80 million. CLEAR Secure had a net margin of 20.97% and a return on equity of 119.82%. The business’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 EPS. As a group, analysts predict that CLEAR Secure, Inc. will post 0.98 EPS for the current fiscal year.

CLEAR Secure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 10th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, December 10th. CLEAR Secure’s dividend payout ratio (DPR) is currently 30.49%.

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.