1,481,104 Shares in CLEAR Secure, Inc. $YOU Bought by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC acquired a new stake in CLEAR Secure, Inc. (NYSE:YOU) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,481,104 shares of the company’s stock, valued at approximately $82,542,000. CLEAR Secure makes up about 1.4% of Wedge Capital Management L L P NC’s holdings, making the stock its 8th biggest holding. Wedge Capital Management L L P NC owned approximately 1.11% of CLEAR Secure at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Royal Bank of Canada lifted its holdings in shares of CLEAR Secure by 59.7% in the first quarter. Royal Bank of Canada now owns 271,498 shares of the company’s stock worth $7,034,000 after acquiring an additional 101,476 shares during the last quarter. Amundi boosted its stake in shares of CLEAR Secure by 62.5% in the 1st quarter. Amundi now owns 3,743 shares of the company’s stock valued at $97,000 after purchasing an additional 1,440 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in shares of CLEAR Secure during the 1st quarter valued at approximately $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of CLEAR Secure by 5.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,755 shares of the company’s stock valued at $1,367,000 after purchasing an additional 2,801 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in CLEAR Secure by 64.7% during the 1st quarter. NewEdge Advisors LLC now owns 4,583 shares of the company’s stock worth $119,000 after purchasing an additional 1,801 shares in the last quarter. Institutional investors own 73.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Weiss Ratings raised shares of CLEAR Secure from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 6th. Wall Street Zen raised shares of CLEAR Secure from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Stifel Nicolaus set a $60.00 price target on shares of CLEAR Secure in a report on Thursday, May 7th. Zacks Research cut CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Needham & Company LLC raised their price objective on CLEAR Secure from $60.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $58.57.

CLEAR Secure Price Performance

NYSE:YOU opened at $48.26 on Wednesday. The firm’s 50 day simple moving average is $53.89 and its 200 day simple moving average is $49.85. CLEAR Secure, Inc. has a one year low of $29.43 and a one year high of $69.07. The company has a market cap of $6.43 billion, a PE ratio of 32.83 and a beta of 1.06.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.09. The firm had revenue of $277.76 million during the quarter, compared to analysts’ expectations of $269.71 million. CLEAR Secure had a net margin of 14.78% and a return on equity of 71.51%. The company’s revenue was up 26.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 EPS. Equities research analysts expect that CLEAR Secure, Inc. will post 1.61 EPS for the current year.

CLEAR Secure Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, September 10th. CLEAR Secure’s dividend payout ratio (DPR) is currently 40.82%.

Insiders Place Their Bets

In other news, insider Jonathan Schlegel sold 4,412 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $59.02, for a total value of $260,396.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Michael Z. Barkin sold 11,550 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $56.29, for a total value of $650,149.50. Following the transaction, the president owned 22,994 shares of the company’s stock, valued at $1,294,332.26. This trade represents a 33.44% decrease in their ownership of the stock. 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 valued at $1,360,146. 29.70% of the stock is currently owned by company insiders.

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.