Skandinaviska Enskilda Banken AB publ Trims Position in CLEAR Secure, Inc. $YOU

Skandinaviska Enskilda Banken AB publ lowered its position in shares of CLEAR Secure, Inc. (NYSE:YOU) by 94.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,300 shares of the company’s stock after selling 171,300 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in CLEAR Secure were worth $310,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Durable Capital Partners LP boosted its holdings in shares of CLEAR Secure by 153.1% during 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. Squarepoint Ops LLC lifted its position in CLEAR Secure by 4,573.0% during the second quarter. Squarepoint Ops LLC now owns 929,033 shares of the company’s stock worth $25,790,000 after buying an additional 909,152 shares during the period. First Trust Advisors LP boosted its stake in 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 buying an additional 805,795 shares during the last quarter. Empowered Funds LLC purchased a new stake in CLEAR Secure in the 2nd quarter valued at about $17,363,000. Finally, Jupiter Asset Management Ltd. acquired a new position in shares of CLEAR Secure during the 2nd quarter valued at about $15,090,000. 73.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $45.00 target price on shares of CLEAR Secure in a research report on Wednesday, February 18th. Wall Street Zen lowered shares of CLEAR Secure from a “buy” rating to a “hold” rating in a report on Monday, November 10th. DA Davidson set a $46.00 price objective on CLEAR Secure and gave the stock a “buy” rating in a report on Tuesday, December 16th. Stifel Nicolaus set a $38.00 target price on CLEAR Secure in a research report on Thursday, November 6th. Finally, Wells Fargo & Company boosted their price target on CLEAR Secure from $25.00 to $29.00 and gave the company an “underweight” rating in a research report on Friday, November 7th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $40.86.

Insider Transactions at CLEAR Secure

In other news, insider Lynn Haaland sold 15,532 shares of the company’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 sale, the insider owned 15,533 shares of the company’s stock, valued at $636,853. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Adam Wiener sold 14,000 shares of the firm’s stock in a transaction dated 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 owned 165,634 shares in the company, valued at approximately $5,797,190. The trade was a 7.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 37,532 shares of company stock worth $1,446,812. 39.73% of the stock is currently owned by insiders.

CLEAR Secure Trading Up 2.3%

Shares of YOU stock opened at $34.26 on Monday. The company’s fifty day simple moving average is $34.74 and its 200-day simple moving average is $34.48. CLEAR Secure, Inc. has a 52 week low of $21.75 and a 52 week high of $42.29. The company has a market cap of $4.56 billion, a PE ratio of 20.89 and a beta of 1.21.

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.