CLEAR Secure, Inc. $YOU Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC trimmed its holdings in shares of CLEAR Secure, Inc. (NYSE:YOU) by 16.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,970 shares of the company’s stock after selling 9,537 shares during the period. Lazard Asset Management LLC’s holdings in CLEAR Secure were worth $2,274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in YOU. Geneos Wealth Management Inc. raised its position 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 acquiring an additional 748 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in CLEAR Secure during the first quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd boosted its holdings in 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 in the last quarter. Parallel Advisors LLC boosted its holdings in CLEAR Secure by 2,283.3% in the first quarter. Parallel Advisors LLC now owns 715 shares of the company’s stock valued at $35,000 after purchasing an additional 685 shares in the last quarter. Finally, Allworth Financial LP increased its stake in CLEAR Secure by 118.8% in the fourth quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock valued at $36,000 after purchasing an additional 555 shares during the last quarter. 73.80% of the stock is owned by institutional investors and hedge funds.

CLEAR Secure Trading Down 0.2%

Shares of NYSE YOU opened at $55.15 on Monday. The stock has a market cap of $7.35 billion, a P/E ratio of 44.47 and a beta of 1.06. CLEAR Secure, Inc. has a twelve month low of $28.39 and a twelve month high of $62.73. The stock has a 50 day moving average of $54.57 and a two-hundred day moving average of $48.93.

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. The business 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 company’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period last year, the firm posted $0.26 earnings per share. As a group, research analysts predict that CLEAR Secure, Inc. will post 1.61 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on YOU. The Goldman Sachs Group set a $70.00 price objective on shares of CLEAR Secure in a report on Monday, July 20th. DA Davidson dropped their target price on shares of CLEAR Secure from $60.00 to $55.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 28th. Needham & Company LLC lifted their price target on shares of CLEAR Secure from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Wall Street Zen upgraded shares of CLEAR Secure from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Stifel Nicolaus set a $60.00 price target on shares of CLEAR Secure in a research report on Thursday, May 7th. Five investment 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. According to MarketBeat.com, CLEAR Secure has an average rating of “Hold” and an average price target of $58.57.

Insider Buying and Selling

In other news, President Michael Z. Barkin sold 11,550 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $56.29, for a total value of $650,149.50. Following the completion of the sale, the president directly owned 22,994 shares of the company’s stock, valued at approximately $1,294,332.26. This represents a 33.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jonathan Schlegel sold 4,412 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $59.02, for a total transaction of $260,396.24. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 23,962 shares of company stock worth $1,360,146 in the last 90 days. Company insiders own 29.70% of the company’s stock.

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.