CLEAR Secure, Inc. $YOU is Copeland Capital Management LLC’s 8th Largest Position

Copeland Capital Management LLC lessened its holdings in CLEAR Secure, Inc. (NYSE:YOU) by 4.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,356,668 shares of the company’s stock after selling 117,662 shares during the period. CLEAR Secure accounts for approximately 1.6% of Copeland Capital Management LLC’s portfolio, making the stock its 8th largest holding. Copeland Capital Management LLC owned approximately 1.77% of CLEAR Secure worth $78,666,000 as of its most recent SEC filing.

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

CLEAR Secure Stock Performance

Shares of YOU stock opened at $35.37 on Tuesday. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 21.57 and a beta of 1.21. CLEAR Secure, Inc. has a one year low of $21.67 and a one year high of $42.29. The company has a 50 day moving average price of $34.92 and a 200 day moving average price of $32.94.

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

CLEAR Secure Dividend Announcement

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

Insider Transactions at CLEAR Secure

In other news, Director Adam Wiener sold 8,000 shares of CLEAR Secure 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 transaction, the director directly owned 179,634 shares of the company’s stock, valued at $7,185,360. The trade was a 4.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, 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 sale, 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 SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 37,532 shares of company stock worth $1,437,212. Company insiders own 39.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Telsey Advisory Group reiterated an “outperform” rating and set a $45.00 price objective on shares of CLEAR Secure in a research report on Wednesday, December 17th. The Goldman Sachs Group lifted their price target on shares of CLEAR Secure from $37.00 to $41.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. JPMorgan Chase & Co. raised shares of CLEAR Secure from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $35.00 to $42.00 in a research report on Friday, December 12th. Wells Fargo & Company raised 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. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of CLEAR Secure in a report on Monday, December 22nd. Five 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. According to data from MarketBeat.com, CLEAR Secure currently has an average rating of “Hold” and a consensus price target of $40.86.

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.