AlphaQuest LLC Raises Stock Position in CLEAR Secure, Inc. $YOU

AlphaQuest LLC raised its holdings in shares of CLEAR Secure, Inc. (NYSE:YOU) by 294.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,574 shares of the company’s stock after acquiring an additional 16,846 shares during the quarter. AlphaQuest LLC’s holdings in CLEAR Secure were worth $754,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Durable Capital Partners LP grew its position in shares of CLEAR Secure by 153.1% during the second quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock worth $207,932,000 after purchasing an additional 4,531,161 shares in the last quarter. First Trust Advisors LP lifted its holdings in CLEAR Secure by 36.3% in the 2nd quarter. First Trust Advisors LP now owns 3,027,758 shares of the company’s stock worth $84,051,000 after purchasing an additional 805,795 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in CLEAR Secure by 35.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,633,346 shares of the company’s stock worth $42,320,000 after purchasing an additional 430,035 shares during the period. JPMorgan Chase & Co. grew its holdings in CLEAR Secure by 10.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,479,594 shares of the company’s stock valued at $41,074,000 after buying an additional 143,012 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of CLEAR Secure by 7.8% during the second quarter. Ameriprise Financial Inc. now owns 1,224,469 shares of the company’s stock valued at $33,991,000 after buying an additional 88,605 shares during the last quarter. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

CLEAR Secure Stock Down 3.3%

CLEAR Secure stock opened at $31.64 on Wednesday. The company’s 50-day moving average price is $35.32 and its 200-day moving average price is $34.23. The company has a market cap of $4.21 billion, a PE ratio of 19.29 and a beta of 1.21. CLEAR Secure, Inc. has a twelve month low of $21.67 and a twelve month high of $42.29.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. CLEAR Secure had a net margin of 20.97% and a return on equity of 119.82%. The firm had revenue of $229.19 million during the quarter, compared to the consensus estimate of $224.80 million. During the same quarter last year, the firm earned $0.30 EPS. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. As a group, sell-side analysts expect that CLEAR Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

CLEAR Secure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 10th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.6%. CLEAR Secure’s payout ratio is currently 30.49%.

Insider Activity at CLEAR Secure

In related news, Director Adam Wiener sold 14,000 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $35.00, for a total transaction of $490,000.00. Following the sale, the director owned 165,634 shares in the company, valued at approximately $5,797,190. This represents a 7.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Lynn Haaland sold 15,532 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $41.00, for a total value of $636,812.00. Following the completion of the sale, the insider owned 15,533 shares of the company’s stock, valued at approximately $636,853. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 43,532 shares of company stock worth $1,663,052. Corporate insiders own 39.73% of the company’s stock.

Analysts Set New Price Targets

YOU has been the subject of a number of research reports. Wall Street Zen lowered shares of CLEAR Secure from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Stifel Nicolaus set a $38.00 price objective on shares of CLEAR Secure in a report on Thursday, November 6th. JPMorgan Chase & Co. upgraded CLEAR Secure from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $35.00 to $42.00 in a research report on Friday, December 12th. DA Davidson set a $46.00 target price on CLEAR Secure and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Finally, Wells Fargo & Company raised their price target on CLEAR Secure from $25.00 to $29.00 and gave the company an “underweight” rating in a report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $40.86.

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.