Royal Bank of Canada Decreases Stake in CLEAR Secure, Inc. $YOU

Royal Bank of Canada cut its holdings in shares of CLEAR Secure, Inc. (NYSE:YOU) by 6.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 206,429 shares of the company’s stock after selling 13,505 shares during the quarter. Royal Bank of Canada owned about 0.15% of CLEAR Secure worth $9,994,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of YOU. Empowered Funds LLC raised its holdings in CLEAR Secure by 106.7% in the 1st quarter. Empowered Funds LLC now owns 96,813 shares of the company’s stock valued at $4,687,000 after acquiring an additional 49,977 shares during the last quarter. Ashford Capital Management Inc. boosted its holdings in shares of CLEAR Secure by 97.5% during the 1st quarter. Ashford Capital Management Inc. now owns 533,268 shares of the company’s stock worth $25,816,000 after purchasing an additional 263,218 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in shares of CLEAR Secure by 2.7% during the 1st quarter. Quantinno Capital Management LP now owns 67,605 shares of the company’s stock worth $3,273,000 after purchasing an additional 1,789 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of CLEAR Secure by 245.7% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 106,419 shares of the company’s stock valued at $5,152,000 after purchasing an additional 75,639 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of CLEAR Secure by 0.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,680,942 shares of the company’s stock valued at $129,784,000 after purchasing an additional 8,883 shares in the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on YOU shares. Stifel Nicolaus set a $60.00 price objective on CLEAR Secure in a research report on Thursday, May 7th. The Goldman Sachs Group set a $70.00 target price on CLEAR Secure in a report on Monday, July 20th. Telsey Advisory Group raised their target price on CLEAR Secure from $62.00 to $68.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Zacks Research lowered CLEAR Secure from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Finally, Weiss Ratings raised shares of CLEAR Secure from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $58.57.

Insider Transactions at CLEAR Secure

In related news, 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 completion of the sale, the executive vice president directly owned 29,519 shares of the company’s stock, valued at approximately $1,658,967.80. This trade represents a 21.32% decrease in their position. The sale was disclosed in a document filed 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 business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $56.29, for a total transaction of $650,149.50. Following the completion of 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 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. In the last ninety days, insiders sold 23,962 shares of company stock worth $1,360,146. 29.70% of the stock is currently owned by company insiders.

CLEAR Secure Stock Performance

YOU stock opened at $51.26 on Monday. The firm has a market cap of $6.83 billion, a PE ratio of 34.87 and a beta of 1.06. The firm’s 50 day moving average price is $54.19 and its 200-day moving average price is $49.63. CLEAR Secure, Inc. has a one year low of $29.43 and a one year high of $69.07.

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

CLEAR Secure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, September 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.2%. CLEAR Secure’s dividend payout ratio is currently 40.82%.

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.