Iridian Asset Management LLC CT Sells 125,171 Shares of CLEAR Secure, Inc. $YOU

Iridian Asset Management LLC CT decreased its position in shares of CLEAR Secure, Inc. (NYSE:YOU) by 72.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,687 shares of the company’s stock after selling 125,171 shares during the period. Iridian Asset Management LLC CT’s holdings in CLEAR Secure were worth $1,592,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Durable Capital Partners LP boosted its stake in CLEAR Secure by 153.1% during the second quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock valued at $207,932,000 after buying an additional 4,531,161 shares during the last quarter. Squarepoint Ops LLC raised its holdings in shares of CLEAR Secure by 4,573.0% during the 2nd quarter. Squarepoint Ops LLC now owns 929,033 shares of the company’s stock worth $25,790,000 after acquiring an additional 909,152 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of CLEAR Secure by 36.3% during the 2nd quarter. First Trust Advisors LP now owns 3,027,758 shares of the company’s stock worth $84,051,000 after acquiring an additional 805,795 shares in the last quarter. Empowered Funds LLC bought a new position in shares of CLEAR Secure during the 2nd quarter valued at approximately $17,363,000. Finally, Jupiter Asset Management Ltd. purchased a new position in shares of CLEAR Secure in the second quarter valued at $15,090,000. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Lynn Haaland sold 15,532 shares of CLEAR Secure stock in a transaction on Friday, December 12th. The stock was sold at an average price of $41.00, for a total transaction of $636,812.00. Following the completion of the sale, the insider directly owned 15,533 shares in the company, valued at approximately $636,853. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Adam Wiener sold 14,000 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $35.00, for a total transaction of $490,000.00. Following the sale, the director directly owned 165,634 shares of the company’s stock, valued at $5,797,190. This represents a 7.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 43,532 shares of company stock valued at $1,663,052 over the last three months. 39.73% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on YOU. Wall Street Zen cut shares of CLEAR Secure from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. JPMorgan Chase & Co. raised shares of CLEAR Secure from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $35.00 to $42.00 in a research note on Friday, December 12th. Weiss Ratings restated a “hold (c+)” rating on shares of CLEAR Secure in a research report on Monday, December 29th. DA Davidson set a $46.00 price target on shares of CLEAR Secure and gave the company a “buy” rating in a report on Tuesday, December 16th. Finally, Wells Fargo & Company lifted their price target on CLEAR Secure from $25.00 to $29.00 and gave the stock an “underweight” rating in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.86.

CLEAR Secure Trading Up 0.1%

Shares of YOU opened at $36.47 on Monday. The company’s fifty day simple moving average is $35.61 and its 200-day simple moving average is $33.60. The company has a market cap of $4.86 billion, a P/E ratio of 22.23 and a beta of 1.22. CLEAR Secure, Inc. has a twelve month low of $21.67 and a twelve month high of $42.29.

CLEAR Secure (NYSE:YOU) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. CLEAR Secure had a net margin of 20.97% and a return on equity of 119.82%. The company had revenue of $229.19 million for the quarter, compared to the consensus estimate of $224.80 million. During the same period in the prior year, the firm posted $0.30 EPS. The firm’s revenue was up 15.5% compared to the same quarter last year. Analysts predict that CLEAR Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

CLEAR Secure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 10th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, December 10th. CLEAR Secure’s dividend payout ratio (DPR) is currently 30.49%.

CLEAR Secure 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.