Pittenger & Anderson Inc. Takes $929,000 Position in CLEAR Secure, Inc. $YOU

Pittenger & Anderson Inc. acquired a new position in CLEAR Secure, Inc. (NYSE:YOU) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 27,841 shares of the company’s stock, valued at approximately $929,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Durable Capital Partners LP raised 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 worth $207,932,000 after acquiring an additional 4,531,161 shares during the period. First Trust Advisors LP boosted its position in CLEAR Secure by 36.3% during the 2nd quarter. First Trust Advisors LP now owns 3,027,758 shares of the company’s stock valued at $84,051,000 after purchasing an additional 805,795 shares during the period. Copeland Capital Management LLC boosted its position in CLEAR Secure by 25.2% during the 2nd quarter. Copeland Capital Management LLC now owns 2,474,330 shares of the company’s stock valued at $68,687,000 after purchasing an additional 497,871 shares during the period. Goldman Sachs Group Inc. increased its position in CLEAR Secure by 35.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,633,346 shares of the company’s stock worth $42,320,000 after buying an additional 430,035 shares during the period. Finally, JPMorgan Chase & Co. increased its position in CLEAR Secure by 10.7% in the second quarter. JPMorgan Chase & Co. now owns 1,479,594 shares of the company’s stock worth $41,074,000 after buying an additional 143,012 shares during the period. 73.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CLEAR Secure

In other news, Director Adam Wiener sold 14,000 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $35.00, for a total transaction of $490,000.00. Following the completion of the transaction, the director directly owned 165,634 shares in the company, valued at $5,797,190. The trade was a 7.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lynn Haaland sold 15,532 shares of the business’s 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 transaction, the insider directly owned 15,533 shares in the company, valued at $636,853. This trade represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 43,532 shares of company stock worth $1,663,052 in the last quarter. Insiders own 39.73% of the company’s stock.

CLEAR Secure Price Performance

Shares of CLEAR Secure stock opened at $32.60 on Friday. The firm has a market cap of $4.34 billion, a price-to-earnings ratio of 19.88 and a beta of 1.22. The stock has a 50-day simple moving average of $35.46 and a 200-day simple moving average of $34.14. CLEAR Secure, Inc. has a 52-week low of $21.67 and a 52-week high of $42.29.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.27 by $0.02. The company had revenue of $229.19 million for the quarter, compared to analyst estimates of $224.80 million. CLEAR Secure had a net margin of 20.97% and a return on equity of 119.82%. CLEAR Secure’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.30 EPS. As a group, equities research analysts predict that CLEAR Secure, Inc. will post 0.98 earnings per share for the current year.

CLEAR Secure Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 10th were paid a $0.125 dividend. The ex-dividend date was Wednesday, December 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.5%. CLEAR Secure’s dividend payout ratio (DPR) is presently 30.49%.

Analyst Ratings Changes

Several brokerages have commented on YOU. DA Davidson set a $46.00 price target on shares of CLEAR Secure and gave the company a “buy” rating in a research note on Tuesday, December 16th. The Goldman Sachs Group lifted their target price on CLEAR Secure from $37.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Weiss Ratings raised CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. Stifel Nicolaus set a $38.00 price target on shares of CLEAR Secure in a research report on Thursday, November 6th. Finally, Wells Fargo & Company boosted their price target on shares of CLEAR Secure from $25.00 to $29.00 and gave the company an “underweight” rating in a report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, CLEAR Secure presently has a consensus rating of “Moderate Buy” and an average target price of $40.86.

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.