NewEdge Wealth LLC Has $1.84 Million Stock Position in CLEAR Secure, Inc. $YOU

NewEdge Wealth LLC grew its stake in shares of CLEAR Secure, Inc. (NYSE:YOU) by 52.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,025 shares of the company’s stock after acquiring an additional 13,041 shares during the period. NewEdge Wealth LLC’s holdings in CLEAR Secure were worth $1,841,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Durable Capital Partners LP increased its stake 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 during the period. State Street Corp grew its holdings in CLEAR Secure by 1.8% in the 4th quarter. State Street Corp now owns 3,312,235 shares of the company’s stock valued at $116,193,000 after buying an additional 59,067 shares in the last quarter. Morgan Stanley increased its position in CLEAR Secure by 6.0% during the 4th quarter. Morgan Stanley now owns 2,696,837 shares of the company’s stock worth $94,605,000 after buying an additional 152,074 shares during the period. Wellington Management Group LLP lifted its holdings in shares of CLEAR Secure by 5.5% during the fourth quarter. Wellington Management Group LLP now owns 2,626,856 shares of the company’s stock worth $92,150,000 after buying an additional 137,249 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of CLEAR Secure by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 2,453,137 shares of the company’s stock valued at $86,069,000 after acquiring an additional 20,419 shares in the last quarter. Institutional investors own 73.80% of the company’s stock.

CLEAR Secure Trading Up 0.4%

YOU stock opened at $52.03 on Friday. The firm has a 50-day moving average price of $55.09 and a 200-day moving average price of $48.16. CLEAR Secure, Inc. has a 12 month low of $28.39 and a 12 month high of $62.73. The stock has a market capitalization of $6.94 billion, a P/E ratio of 41.96 and a beta of 1.08.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.03. The company had revenue of $253.00 million for the quarter, compared to analyst estimates of $244.38 million. CLEAR Secure had a net margin of 13.01% and a return on equity of 68.98%. The firm’s revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 EPS. As a group, equities analysts predict that CLEAR Secure, Inc. will post 1.61 EPS for the current fiscal year.

CLEAR Secure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, June 10th. This represents a $0.60 annualized dividend and a dividend yield of 1.2%. CLEAR Secure’s dividend payout ratio is 48.39%.

Insider Activity

In other CLEAR Secure news, EVP Kyle Mclaughlin sold 8,000 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $56.20, for a total value of $449,600.00. Following the completion of the transaction, the executive vice president directly owned 29,519 shares in the company, valued at approximately $1,658,967.80. This trade represents a 21.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 stock was 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 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. Insiders own 29.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on YOU. Zacks Research cut shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Needham & Company LLC boosted their price target on CLEAR Secure from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Wells Fargo & Company increased their price target on CLEAR Secure from $33.00 to $40.00 and gave the stock an “underweight” rating in a research report on Thursday, May 7th. Weiss Ratings raised CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 15th. Finally, The Goldman Sachs Group set a $70.00 target price on CLEAR Secure in a report on Monday, July 20th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $59.29.

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.