Oak Associates Ltd. OH Trims Holdings in CLEAR Secure, Inc. $YOU

Oak Associates Ltd. OH lowered its stake in shares of CLEAR Secure, Inc. (NYSE:YOU) by 21.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,611 shares of the company’s stock after selling 13,995 shares during the period. Oak Associates Ltd. OH’s holdings in CLEAR Secure were worth $2,498,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. increased its stake in shares of CLEAR Secure by 329.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $25,000 after acquiring an additional 748 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in shares of CLEAR Secure during the 1st quarter valued at about $28,000. Caitong International Asset Management Co. Ltd boosted its position in shares of CLEAR Secure by 249.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 867 shares of the company’s stock valued at $30,000 after acquiring an additional 619 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of CLEAR Secure by 2,283.3% in the first quarter. Parallel Advisors LLC now owns 715 shares of the company’s stock valued at $35,000 after purchasing an additional 685 shares during the period. Finally, Allworth Financial LP grew its holdings in shares of CLEAR Secure by 118.8% in the fourth quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock valued at $36,000 after purchasing an additional 555 shares during the period. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other CLEAR Secure news, insider Jonathan Schlegel sold 4,412 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $59.02, for a total transaction of $260,396.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Kyle Mclaughlin sold 8,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $56.20, for a total value of $449,600.00. Following the transaction, the executive vice president owned 29,519 shares of the company’s stock, valued at approximately $1,658,967.80. This 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. In the last quarter, insiders sold 23,962 shares of company stock valued at $1,360,146. Company insiders own 29.70% of the company’s stock.

CLEAR Secure Trading Down 0.9%

Shares of YOU opened at $51.85 on Friday. The firm has a market cap of $6.91 billion, a P/E ratio of 41.82 and a beta of 1.08. CLEAR Secure, Inc. has a 12-month low of $28.39 and a 12-month high of $62.73. The company’s 50-day moving average price is $55.23 and its 200 day moving average price is $48.13.

CLEAR Secure (NYSE:YOU) last announced its earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.03. CLEAR Secure had a net margin of 13.01% and a return on equity of 68.98%. The company had revenue of $253.00 million during the quarter, compared to analyst estimates of $244.38 million. During the same quarter last year, the firm posted $0.26 earnings per share. CLEAR Secure’s revenue was up 19.7% compared to the same quarter last year. Equities research analysts forecast that CLEAR Secure, Inc. will post 1.79 earnings per share for the current year.

CLEAR Secure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.2%. CLEAR Secure’s dividend payout ratio (DPR) is presently 48.39%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on YOU shares. Stifel Nicolaus set a $60.00 target price on shares of CLEAR Secure in a research note on Thursday, May 7th. Telsey Advisory Group increased their price target on shares of CLEAR Secure from $62.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. The Goldman Sachs Group set a $70.00 price target on shares of CLEAR Secure in a report on Monday. DA Davidson reaffirmed 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, Zacks Research lowered shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $59.29.

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.