CLEAR Secure, Inc. $YOU Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. raised its stake in shares of CLEAR Secure, Inc. (NYSE:YOU) by 3.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 591,787 shares of the company’s stock after purchasing an additional 17,832 shares during the period. Principal Financial Group Inc. owned 0.44% of CLEAR Secure worth $28,648,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. One Capital Management LLC purchased a new position in CLEAR Secure in the 4th quarter valued at about $1,270,000. Hussman Strategic Advisors Inc. increased its stake in CLEAR Secure by 50.0% during the 4th quarter. Hussman Strategic Advisors Inc. now owns 63,000 shares of the company’s stock worth $2,210,000 after buying an additional 21,000 shares in the last quarter. CWA Asset Management Group LLC increased its stake in CLEAR Secure by 210.8% during the 4th quarter. CWA Asset Management Group LLC now owns 61,169 shares of the company’s stock worth $2,146,000 after buying an additional 41,485 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of CLEAR Secure by 9.2% during the fourth quarter. BNP Paribas Financial Markets now owns 582,658 shares of the company’s stock valued at $20,440,000 after acquiring an additional 49,211 shares during the last quarter. Finally, Jupiter Asset Management Ltd. raised its holdings in shares of CLEAR Secure by 260.8% during the fourth quarter. Jupiter Asset Management Ltd. now owns 879,039 shares of the company’s stock valued at $30,837,000 after acquiring an additional 635,400 shares during the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

Insiders Place Their Bets

In related news, insider Jonathan Schlegel sold 4,412 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $59.02, for a total value of $260,396.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kyle Mclaughlin sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $56.20, for a total transaction of $449,600.00. Following the sale, 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 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. Insiders sold 23,962 shares of company stock valued at $1,360,146 in the last three months. 29.70% of the stock is currently owned by insiders.

CLEAR Secure Price Performance

Shares of CLEAR Secure stock opened at $56.02 on Monday. The stock’s 50 day simple moving average is $55.40 and its 200-day simple moving average is $47.58. The stock has a market cap of $7.47 billion, a P/E ratio of 45.18 and a beta of 1.08. CLEAR Secure, Inc. has a 1-year low of $28.39 and a 1-year high of $62.73.

CLEAR Secure (NYSE:YOU) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.35 by $0.03. CLEAR Secure had a return on equity of 68.98% and a net margin of 13.01%.The firm had revenue of $253.00 million during the quarter, compared to analysts’ expectations of $244.38 million. During the same quarter last year, the firm earned $0.26 earnings per share. The business’s revenue for the quarter was up 19.7% on a year-over-year basis. As a group, research analysts expect that CLEAR Secure, Inc. will post 1.79 EPS for the current fiscal year.

CLEAR Secure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.1%. The ex-dividend date was Wednesday, June 10th. CLEAR Secure’s dividend payout ratio is presently 48.39%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Zacks Research lowered CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Stifel Nicolaus set a $60.00 price objective on CLEAR Secure in a research note on Thursday, May 7th. Telsey Advisory Group raised their price objective on CLEAR Secure from $62.00 to $68.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $75.00 target price on shares of CLEAR Secure in a research note on Thursday, May 7th. Finally, Needham & Company LLC upped their target price on shares of CLEAR Secure from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, CLEAR Secure presently has an average rating of “Hold” and a consensus price target of $60.00.

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.