Congress Asset Management Co. acquired a new stake in CLEAR Secure, Inc. (NYSE:YOU – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,879,457 shares of the company’s stock, valued at approximately $78,843,000. Congress Asset Management Co. owned about 1.39% of CLEAR Secure as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Tidal Investments LLC increased its stake in CLEAR Secure by 109.4% during the 2nd quarter. Tidal Investments LLC now owns 30,221 shares of the company’s stock valued at $1,684,000 after purchasing an additional 15,792 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of CLEAR Secure during the second quarter valued at $176,000. NewEdge Advisors LLC increased its position in shares of CLEAR Secure by 30.0% in the 2nd quarter. NewEdge Advisors LLC now owns 21,708 shares of the company’s stock valued at $1,210,000 after acquiring an additional 5,006 shares during the period. IFP Advisors Inc raised its stake in CLEAR Secure by 162.0% in the 2nd quarter. IFP Advisors Inc now owns 1,991 shares of the company’s stock worth $111,000 after acquiring an additional 1,231 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its position in CLEAR Secure by 5.1% during the 2nd quarter. Baird Financial Group Inc. now owns 334,357 shares of the company’s stock worth $18,634,000 after acquiring an additional 16,249 shares during the period. 73.80% of the stock is currently owned by institutional investors and hedge funds.
CLEAR Secure Stock Performance
Shares of YOU traded up $0.25 during trading hours on Tuesday, hitting $41.50. The stock had a trading volume of 1,356,740 shares, compared to its average volume of 1,676,529. The firm has a 50-day moving average price of $45.07 and a 200 day moving average price of $50.97. CLEAR Secure, Inc. has a fifty-two week low of $29.43 and a fifty-two week high of $69.07. The firm has a market capitalization of $5.61 billion, a price-to-earnings ratio of 28.23 and a beta of 1.01.
CLEAR Secure Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.4%. CLEAR Secure’s dividend payout ratio is presently 40.82%.
Analyst Ratings Changes
A number of brokerages have recently weighed in on YOU. Wall Street Zen lowered CLEAR Secure from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 5th. Weiss Ratings downgraded CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, September 4th. The Goldman Sachs Group set a $70.00 price target on shares of CLEAR Secure in a report on Monday, July 20th. JPMorgan Chase & Co. started coverage on shares of CLEAR Secure in a research report on Monday, August 24th. They set an “overweight” rating and a $55.00 price target for the company. Finally, Zacks Research downgraded shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $58.29.
Check Out Our Latest Analysis on YOU
Insiders Place Their Bets
In other CLEAR Secure news, CAO Dennis Liu sold 2,104 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $44.47, for a total value of $93,564.88. Following the sale, the chief accounting officer directly owned 15,870 shares of the company’s stock, valued at approximately $705,738.90. This trade represents a 11.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Kyle McLaughlin sold 4,499 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $44.47, for a total value of $200,070.53. Following the completion of the sale, the executive vice president owned 29,519 shares of the company’s stock, valued at $1,312,709.93. This trade represents a 13.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 18,047 shares of company stock worth $808,615. 29.70% of the stock is owned by corporate insiders.
CLEAR Secure Profile
CLEAR Secure, Inc (NYSE: YOU) operates a secure identity platform designed to help people verify who they are and move through airports, venues and other locations more efficiently. Its technology uses biometric authentication, including facial and fingerprint recognition, alongside identity verification to provide secure, convenient access.
The company’s primary consumer offering is CLEAR+, a membership service that allows enrolled members to use dedicated lanes at participating airports for identity verification before proceeding to security screening.
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