Victory Capital Management Inc. Sells 32,327 Shares of CLEAR Secure, Inc. $YOU

Victory Capital Management Inc. decreased its holdings in shares of CLEAR Secure, Inc. (NYSE:YOU) by 7.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 417,673 shares of the company’s stock after selling 32,327 shares during the period. Victory Capital Management Inc. owned 0.31% of CLEAR Secure worth $13,942,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Durable Capital Partners LP lifted its holdings in shares of CLEAR Secure by 153.1% in the 2nd 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. Squarepoint Ops LLC increased its stake in CLEAR Secure by 4,573.0% during the 2nd quarter. Squarepoint Ops LLC now owns 929,033 shares of the company’s stock valued at $25,790,000 after purchasing an additional 909,152 shares in the last quarter. First Trust Advisors LP raised its holdings in CLEAR Secure by 36.3% during the second quarter. First Trust Advisors LP now owns 3,027,758 shares of the company’s stock worth $84,051,000 after buying an additional 805,795 shares during the last quarter. Empowered Funds LLC bought a new position in shares of CLEAR Secure in the second quarter valued at $17,363,000. Finally, Jupiter Asset Management Ltd. acquired a new position in shares of CLEAR Secure during the second quarter valued at about $15,090,000. 73.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price on CLEAR Secure from $42.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. Needham & Company LLC lifted their price objective on shares of CLEAR Secure from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. DA Davidson upped their price objective on shares of CLEAR Secure from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Weiss Ratings lowered CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 3rd. Finally, Telsey Advisory Group lifted their price target on CLEAR Secure from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, February 26th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $51.57.

CLEAR Secure Trading Down 0.9%

Shares of NYSE YOU opened at $45.83 on Wednesday. The firm has a market cap of $6.11 billion, a price-to-earnings ratio of 40.92 and a beta of 1.13. The stock has a fifty day simple moving average of $36.63 and a two-hundred day simple moving average of $35.45. CLEAR Secure, Inc. has a 1-year low of $23.00 and a 1-year high of $50.46.

CLEAR Secure (NYSE:YOU) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.31 EPS for the quarter, meeting analysts’ consensus estimates of $0.31. CLEAR Secure had a return on equity of 70.08% and a net margin of 12.12%.The firm had revenue of $240.75 million for the quarter, compared to analysts’ expectations of $235.66 million. During the same quarter in the prior year, the firm earned $0.91 EPS. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. Analysts forecast that CLEAR Secure, Inc. will post 0.98 EPS for the current year.

CLEAR Secure Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be paid a dividend of $0.20 per share. This represents a dividend yield of 131.0%. The ex-dividend date is Tuesday, March 10th. CLEAR Secure’s dividend payout ratio is presently 44.64%.

Insider Buying and Selling at CLEAR Secure

In other CLEAR Secure news, CAO Dennis W. Liu sold 7,950 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $48.57, for a total transaction of $386,131.50. Following the sale, the chief accounting officer owned 10,960 shares in the company, valued at $532,327.20. This represents a 42.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Adam Wiener sold 15,000 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $50.00, for a total value of $750,000.00. Following the completion of the transaction, the director directly owned 132,634 shares of the company’s stock, valued at $6,631,700. The trade was a 10.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 135,020 shares of company stock valued at $6,025,890. 39.73% of the stock is owned by corporate 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.