10,137 Shares in CLEAR Secure, Inc. $YOU Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. acquired a new position in CLEAR Secure, Inc. (NYSE:YOU) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,137 shares of the company’s stock, valued at approximately $491,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its stake in shares of CLEAR Secure by 329.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $25,000 after purchasing an additional 748 shares during the period. Advisors Asset Management Inc. acquired a new stake in shares of CLEAR Secure in the first quarter valued at about $28,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of CLEAR Secure by 249.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 867 shares of the company’s stock valued at $30,000 after purchasing an additional 619 shares during the period. Parallel Advisors LLC boosted its holdings in CLEAR Secure by 2,283.3% during the first quarter. Parallel Advisors LLC now owns 715 shares of the company’s stock worth $35,000 after buying an additional 685 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in CLEAR Secure by 118.8% during the fourth quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock worth $36,000 after buying an additional 555 shares in the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

Insider Buying and Selling

In related news, EVP Kyle Mclaughlin sold 8,000 shares of the company’s stock in a transaction that occurred 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 sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Michael Z. Barkin sold 11,550 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $56.29, for a total value of $650,149.50. Following the sale, the president owned 22,994 shares in the company, valued at approximately $1,294,332.26. This trade represents a 33.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 23,962 shares of company stock worth $1,360,146 in the last ninety days. Insiders own 29.70% of the company’s stock.

Analyst Upgrades and Downgrades

YOU has been the subject of a number of research analyst reports. Telsey Advisory Group increased their target price on shares of CLEAR Secure from $62.00 to $68.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Weiss Ratings raised CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 15th. The Goldman Sachs Group set a $70.00 price target on CLEAR Secure in a report on Monday. Wells Fargo & Company raised their price objective on CLEAR Secure from $33.00 to $40.00 and gave the company an “underweight” rating in a research note on Thursday, May 7th. Finally, Wall Street Zen raised CLEAR Secure from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $59.29.

CLEAR Secure Trading Down 0.4%

Shares of NYSE YOU opened at $56.98 on Wednesday. The company’s 50-day moving average price is $55.40 and its 200 day moving average price is $47.88. CLEAR Secure, Inc. has a 52 week low of $28.39 and a 52 week high of $62.73. The stock has a market cap of $7.60 billion, a price-to-earnings ratio of 45.95 and a beta of 1.08.

CLEAR Secure (NYSE:YOU) last announced its earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $244.38 million. During the same quarter in the previous year, the business posted $0.26 earnings per share. The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. As a group, research analysts expect that CLEAR Secure, Inc. will post 1.79 earnings per share for the current year.

CLEAR Secure Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, June 10th. CLEAR Secure’s dividend payout ratio (DPR) is 48.39%.

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.