Mitsubishi UFJ Trust & Banking Corp Takes $724,000 Position in CLEAR Secure, Inc. $YOU

Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of CLEAR Secure, Inc. (NYSE:YOU) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 20,639 shares of the company’s stock, valued at approximately $724,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. 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. Institutional investors own 73.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on YOU. Needham & Company LLC boosted their price objective on CLEAR Secure from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Wells Fargo & Company boosted their price objective on CLEAR Secure from $29.00 to $33.00 and gave the stock an “underweight” rating in a research report on Thursday, February 26th. The Goldman Sachs Group set a $61.00 price objective on CLEAR Secure and gave the stock a “buy” rating in a research report on Wednesday, February 25th. DA Davidson upped their price target on CLEAR Secure from $54.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, March 26th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of CLEAR Secure in a research report on Friday. One equities research 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $54.14.

CLEAR Secure Trading Up 4.6%

NYSE YOU opened at $58.82 on Wednesday. The firm has a market capitalization of $7.84 billion, a PE ratio of 52.52 and a beta of 1.09. The business’s 50-day moving average price is $49.66 and its two-hundred day moving average price is $39.79. CLEAR Secure, Inc. has a 12 month low of $23.88 and a 12 month high of $59.56.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.31 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.31. The company had revenue of $240.75 million for the quarter, compared to the consensus estimate of $235.66 million. CLEAR Secure had a return on equity of 70.08% and a net margin of 12.12%.The firm’s revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 EPS. As a group, analysts forecast that CLEAR Secure, Inc. will post 1.62 earnings per share for the current fiscal year.

CLEAR Secure Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th were paid a $0.20 dividend. This represents a dividend yield of 131.0%. The ex-dividend date of this dividend was Tuesday, March 10th. CLEAR Secure’s payout ratio is currently 53.57%.

Insiders Place Their Bets

In other news, insider Lynn Haaland sold 15,533 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $45.00, for a total value of $698,985.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Adam Wiener sold 18,000 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $43.07, for a total value of $775,260.00. Following the completion of the transaction, the director directly owned 147,634 shares in the company, valued at $6,358,596.38. This represents a 10.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 97,488 shares of company stock valued at $4,579,078 over the last 90 days. 39.73% of the stock is owned by company insiders.

CLEAR Secure Company 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.