CLEAR Secure, Inc. $YOU Shares Purchased by Assetmark Inc.

Assetmark Inc. grew its holdings in shares of CLEAR Secure, Inc. (NYSE:YOU) by 4,215.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,141 shares of the company’s stock after buying an additional 9,906 shares during the quarter. Assetmark Inc.’s holdings in CLEAR Secure were worth $491,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Gallacher Capital Management LLC purchased a new stake in CLEAR Secure during the 1st quarter worth $1,100,000. Allspring Global Investments Holdings LLC lifted its stake in shares of CLEAR Secure by 11.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 20,675 shares of the company’s stock worth $1,015,000 after purchasing an additional 2,128 shares in the last quarter. D.A. Davidson & CO. acquired a new position in shares of CLEAR Secure during the first quarter worth about $237,000. Illinois Municipal Retirement Fund boosted its position in shares of CLEAR Secure by 4.8% in the first quarter. Illinois Municipal Retirement Fund now owns 48,889 shares of the company’s stock worth $2,367,000 after buying an additional 2,251 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in shares of CLEAR Secure in the first quarter valued at about $201,000. Institutional investors and hedge funds own 73.80% of the company’s stock.

CLEAR Secure Stock Down 0.4%

Shares of CLEAR Secure stock opened at $52.03 on Monday. The firm has a market cap of $6.94 billion, a P/E ratio of 41.96 and a beta of 1.08. CLEAR Secure, Inc. has a fifty-two week low of $28.39 and a fifty-two week high of $62.73. The business has a 50-day moving average price of $55.09 and a 200 day moving average price of $48.25.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.03. CLEAR Secure had a return on equity of 68.98% and a net margin of 13.01%.The firm had revenue of $253.00 million for the quarter, compared to analysts’ expectations of $244.38 million. During the same quarter in the prior year, the firm posted $0.26 earnings per share. CLEAR Secure’s revenue for the quarter was up 19.7% compared to the same quarter last year. As a group, equities research analysts anticipate that CLEAR Secure, Inc. will post 1.61 earnings per share for the current year.

CLEAR Secure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, June 10th. CLEAR Secure’s payout ratio is currently 48.39%.

Insiders Place Their Bets

In other CLEAR Secure news, EVP Kyle Mclaughlin sold 8,000 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $56.20, for a total transaction of $449,600.00. Following the sale, the executive vice president directly owned 29,519 shares of the company’s stock, valued at approximately $1,658,967.80. This represents a 21.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jonathan Schlegel sold 4,412 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $59.02, for a total transaction of $260,396.24. The SEC filing for this sale provides additional information. Insiders sold a total of 23,962 shares of company stock valued at $1,360,146 over the last 90 days. 29.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on YOU shares. Weiss Ratings upgraded shares of CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 15th. Needham & Company LLC upped their target price on shares of CLEAR Secure from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Telsey Advisory Group raised their price target on shares of CLEAR Secure from $62.00 to $68.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Stifel Nicolaus set a $60.00 price target on shares of CLEAR Secure in a research note on Thursday, May 7th. Finally, The Goldman Sachs Group set a $70.00 price target on shares of CLEAR Secure in a research note on Monday, July 20th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $59.29.

CLEAR Secure Company 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.