CLEAR Secure, Inc. $YOU Stock Holdings Cut by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lessened its position in CLEAR Secure, Inc. (NYSE:YOU) by 54.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,472 shares of the company’s stock after selling 14,644 shares during the period. Maryland State Retirement & Pension System’s holdings in CLEAR Secure were worth $416,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of YOU. Geneos Wealth Management Inc. grew its holdings in CLEAR Secure by 329.5% during the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $25,000 after acquiring an additional 748 shares during the period. Advisors Asset Management Inc. bought a new position in shares of CLEAR Secure during the 1st quarter valued at about $28,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of CLEAR Secure in the 3rd quarter worth approximately $50,000. First Horizon Advisors Inc. raised its holdings in shares of CLEAR Secure by 22.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,804 shares of the company’s stock worth $50,000 after purchasing an additional 330 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of CLEAR Secure by 61.8% in the 2nd quarter. Fifth Third Bancorp now owns 1,806 shares of the company’s stock worth $50,000 after purchasing an additional 690 shares in the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on YOU. Telsey Advisory Group restated an “outperform” rating and set a $45.00 target price on shares of CLEAR Secure in a report on Wednesday, December 17th. Stifel Nicolaus set a $38.00 price objective on CLEAR Secure in a research note on Thursday, November 6th. DA Davidson set a $46.00 target price on CLEAR Secure and gave the stock a “buy” rating in a report on Tuesday, December 16th. Wall Street Zen downgraded CLEAR Secure from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Finally, Wells Fargo & Company lifted their price target on CLEAR Secure from $25.00 to $29.00 and gave the stock an “underweight” rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $40.86.

CLEAR Secure Trading Down 0.4%

NYSE:YOU opened at $35.30 on Friday. The business’s fifty day moving average price is $35.57 and its 200 day moving average price is $33.97. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 21.52 and a beta of 1.22. CLEAR Secure, Inc. has a 1-year low of $21.67 and a 1-year high of $42.29.

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

CLEAR Secure Dividend Announcement

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

Insider Buying and Selling

In related news, insider Lynn Haaland sold 15,532 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $41.00, for a total transaction of $636,812.00. Following the completion of the sale, the insider directly owned 15,533 shares in the company, valued at approximately $636,853. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Adam Wiener sold 14,000 shares of CLEAR Secure stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $35.00, for a total value of $490,000.00. Following the sale, the director directly owned 165,634 shares of the company’s stock, valued at approximately $5,797,190. The trade was a 7.79% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 43,532 shares of company stock valued at $1,663,052. Insiders own 39.73% of the company’s stock.

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.