Geode Capital Management LLC Purchases 20,419 Shares of CLEAR Secure, Inc. $YOU

Geode Capital Management LLC grew its position in shares of CLEAR Secure, Inc. (NYSE:YOU) by 0.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,453,137 shares of the company’s stock after acquiring an additional 20,419 shares during the period. Geode Capital Management LLC’s holdings in CLEAR Secure were worth $86,069,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Durable Capital Partners LP grew its position in CLEAR Secure by 153.1% during the 2nd quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock worth $207,932,000 after acquiring an additional 4,531,161 shares during the last quarter. First Trust Advisors LP grew its position in CLEAR Secure by 1.2% during the 3rd quarter. First Trust Advisors LP now owns 3,063,062 shares of the company’s stock worth $102,245,000 after acquiring an additional 35,304 shares during the last quarter. Wellington Management Group LLP grew its position in CLEAR Secure by 5.9% during the 3rd quarter. Wellington Management Group LLP now owns 2,489,607 shares of the company’s stock worth $83,103,000 after acquiring an additional 139,048 shares during the last quarter. Goldman Sachs Group Inc. grew its position in CLEAR Secure by 35.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,633,346 shares of the company’s stock worth $42,320,000 after acquiring an additional 430,035 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in CLEAR Secure by 2.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,601,851 shares of the company’s stock worth $53,491,000 after acquiring an additional 36,056 shares during the last quarter. 73.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Needham & Company LLC raised their price target on CLEAR Secure from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Weiss Ratings upgraded CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. Stifel Nicolaus set a $60.00 price target on CLEAR Secure in a research report on Thursday, May 7th. DA Davidson restated a “neutral” rating and set a $60.00 price target (down from $65.00) on shares of CLEAR Secure in a research report on Thursday, May 7th. Finally, Wall Street Zen upgraded CLEAR Secure from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, CLEAR Secure presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

CLEAR Secure Stock Performance

Shares of YOU stock opened at $54.34 on Monday. The firm has a market cap of $7.24 billion, a P/E ratio of 43.82 and a beta of 1.08. CLEAR Secure, Inc. has a fifty-two week low of $24.06 and a fifty-two week high of $62.73. The business’s 50 day moving average price is $54.84 and its 200-day moving average price is $43.81.

CLEAR Secure (NYSE:YOU) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. The firm had revenue of $253.00 million for the quarter, compared to analyst estimates of $244.38 million. CLEAR Secure had a return on equity of 68.98% and a net margin of 13.01%.The business’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period last year, the company earned $0.26 EPS. As a group, equities analysts predict that CLEAR Secure, Inc. will post 1.78 EPS for the current year.

CLEAR Secure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Wednesday, June 10th. CLEAR Secure’s dividend payout ratio (DPR) is currently 48.39%.

Insider Transactions at CLEAR Secure

In other news, insider Jonathan Schlegel sold 4,412 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $59.02, for a total value of $260,396.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 value of $449,600.00. Following the completion of the transaction, the executive vice president owned 29,519 shares of the company’s stock, valued at approximately $1,658,967.80. The trade was a 21.32% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 23,962 shares of company stock worth $1,360,146. 39.73% of the stock is currently owned by insiders.

About CLEAR Secure

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.