Foster & Motley Inc. Makes New $1.45 Million Investment in CLEAR Secure, Inc. $YOU

Foster & Motley Inc. purchased a new position in CLEAR Secure, Inc. (NYSE:YOUFree Report) in the second quarter, Holdings Channel.com reports. The firm purchased 25,952 shares of the company’s stock, valued at approximately $1,446,000.

A number of other institutional investors and hedge funds have also bought and sold shares of YOU. Royal Bank of Canada raised its position in shares of CLEAR Secure by 59.7% during the first quarter. Royal Bank of Canada now owns 271,498 shares of the company’s stock valued at $7,034,000 after buying an additional 101,476 shares during the last quarter. Amundi boosted its position in shares of CLEAR Secure by 62.5% during the first quarter. Amundi now owns 3,743 shares of the company’s stock worth $97,000 after acquiring an additional 1,440 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in CLEAR Secure during the first quarter valued at $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in CLEAR Secure by 5.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,755 shares of the company’s stock valued at $1,367,000 after acquiring an additional 2,801 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in CLEAR Secure by 64.7% in the 1st quarter. NewEdge Advisors LLC now owns 4,583 shares of the company’s stock valued at $119,000 after acquiring an additional 1,801 shares during the last quarter. 73.80% of the stock is owned by institutional investors.

Insider Buying and Selling at CLEAR Secure

In related news, President Michael Z. Barkin sold 11,550 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $56.29, for a total transaction of $650,149.50. Following the completion of the sale, the president directly owned 22,994 shares in the company, valued at $1,294,332.26. This represents a 33.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kyle Mclaughlin sold 8,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 29,519 shares of the company’s stock, valued at approximately $1,658,967.80. This trade represents a 21.32% 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. 29.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

YOU has been the topic of several research reports. Stifel Nicolaus set a $60.00 target price on CLEAR Secure in a report on Thursday, May 7th. Zacks Research lowered CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. DA Davidson cut their price target on CLEAR Secure from $60.00 to $55.00 and set a “neutral” rating for the company in a report on Tuesday, July 28th. Needham & Company LLC upped their price objective on CLEAR Secure from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen upgraded CLEAR Secure from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, CLEAR Secure presently has a consensus rating of “Hold” and an average price target of $58.57.

Check Out Our Latest Stock Analysis on CLEAR Secure

CLEAR Secure Stock Down 0.8%

Shares of CLEAR Secure stock opened at $44.26 on Thursday. The stock’s fifty day moving average is $52.79 and its two-hundred day moving average is $50.30. CLEAR Secure, Inc. has a 52 week low of $29.43 and a 52 week high of $69.07. The company has a market capitalization of $5.99 billion, a PE ratio of 30.11 and a beta of 1.06.

CLEAR Secure (NYSE:YOUGet Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.09. CLEAR Secure had a net margin of 14.78% and a return on equity of 71.51%. The company had revenue of $277.76 million during the quarter, compared to analyst estimates of $269.71 million. During the same quarter last year, the business posted $0.26 EPS. The firm’s revenue for the quarter was up 26.6% on a year-over-year basis. As a group, research analysts anticipate that CLEAR Secure, Inc. will post 1.71 earnings per share for the current year.

CLEAR Secure Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. CLEAR Secure’s dividend payout ratio (DPR) is 40.82%.

CLEAR Secure Profile

(Free Report)

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.

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

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