Gainplan LLC Makes New Investment in CLEAR Secure, Inc. $YOU

Gainplan LLC acquired a new stake in shares of CLEAR Secure, Inc. (NYSE:YOU – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 20,048 shares of the company’s stock, valued at approximately $841,000.

A number of other institutional investors and hedge funds have also made changes to their positions in YOU. GAMMA Investing LLC increased its holdings in shares of CLEAR Secure by 4.3% during the 2nd quarter. GAMMA Investing LLC now owns 8,578 shares of the company’s stock worth $478,000 after buying an additional 351 shares during the last quarter. Arizona State Retirement System boosted its holdings in CLEAR Secure by 2.0% in the second quarter. Arizona State Retirement System now owns 23,206 shares of the company’s stock valued at $1,293,000 after acquiring an additional 444 shares during the last quarter. Pictet Asset Management Holding SA grew its position in CLEAR Secure by 3.6% during the first quarter. Pictet Asset Management Holding SA now owns 12,744 shares of the company’s stock valued at $617,000 after acquiring an additional 447 shares during the period. Pacer Advisors Inc. grew its position in CLEAR Secure by 6.9% during the first quarter. Pacer Advisors Inc. now owns 7,564 shares of the company’s stock valued at $366,000 after acquiring an additional 489 shares during the period. Finally, Aspen Investment Management Inc increased its stake in CLEAR Secure by 5.2% during the first quarter. Aspen Investment Management Inc now owns 10,175 shares of the company’s stock worth $493,000 after acquiring an additional 500 shares during the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.

CLEAR Secure Price Performance

Shares of YOU opened at $42.96 on Friday. CLEAR Secure, Inc. has a 12 month low of $29.43 and a 12 month high of $69.07. The stock’s 50-day moving average is $44.24 and its two-hundred day moving average is $50.84. The stock has a market cap of $5.81 billion, a PE ratio of 29.23 and a beta of 1.01.

CLEAR Secure (NYSE:YOU – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.40 by $0.09. The business had revenue of $277.76 million for the quarter, compared to the consensus estimate of $269.71 million. CLEAR Secure had a return on equity of 71.51% and a net margin of 14.78%.The company’s revenue was up 26.6% on a year-over-year basis. During the same period last year, the business posted $0.26 EPS. On average, research analysts anticipate that CLEAR Secure, Inc. will post 1.88 earnings per share for the current year.

CLEAR Secure Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, September 10th. CLEAR Secure’s payout ratio is presently 40.82%.

Insider Activity

In other news, CAO Dennis Liu sold 2,104 shares of the company’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $44.47, for a total value of $93,564.88. Following the completion of the transaction, the chief accounting officer directly owned 15,870 shares in the company, valued at approximately $705,738.90. This 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 can be accessed through this link. 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 firm’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $44.47, for a total transaction of $200,070.53. Following the sale, the executive vice president directly owned 29,519 shares of the company’s stock, valued at approximately $1,312,709.93. The trade was a 13.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 three months, insiders sold 18,047 shares of company stock worth $808,615. 29.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on YOU shares. Zacks Research downgraded CLEAR Secure from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. JPMorgan Chase & Co. assumed coverage on CLEAR Secure in a report on Monday, August 24th. They set an “overweight” rating and a $55.00 target price for the company. Weiss Ratings downgraded shares of CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, September 4th. Needham & Company LLC restated a “buy” rating and issued a $70.00 price target on shares of CLEAR Secure in a report on Wednesday. Finally, DA Davidson reduced their price target on shares of CLEAR Secure from $55.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, September 11th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $58.29.

Get Our Latest Research Report on YOU

About CLEAR Secure

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for CLEAR Secure (NYSE:YOU)

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