CLEAR Secure, Inc. $YOU Stock: Vise Technologies Inc. Grows Stake

Vise Technologies Inc. lifted its position in shares of CLEAR Secure, Inc. (NYSE:YOU) by 122.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,869 shares of the company’s stock after acquiring an additional 9,845 shares during the quarter. Vise Technologies Inc.’s holdings in CLEAR Secure were worth $750,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in YOU. Summit Global Investments acquired a new stake in CLEAR Secure in the third quarter worth about $874,000. State of Wyoming lifted its position in CLEAR Secure by 12.9% during the 3rd quarter. State of Wyoming now owns 16,352 shares of the company’s stock valued at $686,000 after purchasing an additional 1,873 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in CLEAR Secure by 56.7% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 9,400 shares of the company’s stock valued at $394,000 after purchasing an additional 3,400 shares during the period. D.A. Davidson & CO. lifted its position in CLEAR Secure by 6.1% during the 3rd quarter. D.A. Davidson & CO. now owns 5,200 shares of the company’s stock valued at $218,000 after purchasing an additional 300 shares during the period. Finally, Iridian Asset Management LLC CT bought a new position in shares of CLEAR Secure in the 3rd quarter valued at about $1,692,000. Institutional investors and hedge funds own 73.80% of the company’s stock.

Insider Buying and Selling

In related news, President Michael Z. Barkin sold 11,444 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $45.00, for a total transaction of $514,980.00. Following the completion of the transaction, the president owned 11,550 shares in the company, valued at approximately $519,750. The trade was a 49.77% decrease in their ownership of the stock. The sale 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, CAO Dennis W. Liu sold 3,507 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $59.60, for a total transaction of $209,017.20. Following the completion of the sale, the chief accounting officer directly owned 12,363 shares of the company’s stock, valued at $736,834.80. The trade was a 22.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 21,554 shares of company stock valued at $1,017,633 in the last 90 days. 29.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

YOU has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price target on shares of CLEAR Secure from $55.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, November 5th. Wall Street Zen downgraded shares of CLEAR Secure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 5th. Needham & Company LLC increased their price objective on shares of CLEAR Secure from $70.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, November 4th. Weiss Ratings upgraded shares of CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Finally, DA Davidson reduced their price objective on shares of CLEAR Secure from $55.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, September 11th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, CLEAR Secure presently has a consensus rating of “Hold” and a consensus price target of $66.86.

CLEAR Secure Trading Up 1.1%

NYSE:YOU opened at $55.70 on Wednesday. CLEAR Secure, Inc. has a 1-year low of $30.98 and a 1-year high of $69.07. The business’s 50-day moving average price is $44.32 and its two-hundred day moving average price is $48.16. The firm has a market capitalization of $7.54 billion, a price-to-earnings ratio of 32.76 and a beta of 0.99.

CLEAR Secure (NYSE:YOU) last issued its earnings results on Wednesday, November 4th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The firm had revenue of $292.85 million for the quarter, compared to analysts’ expectations of $286.65 million. CLEAR Secure had a return on equity of 87.30% and a net margin of 16.23%. The company’s revenue was up 27.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.29 earnings per share. Sell-side analysts predict that CLEAR Secure, Inc. will post 1.88 earnings per share for the current year.

CLEAR Secure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 24th. Investors of record on Thursday, December 10th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, December 10th. CLEAR Secure’s dividend payout ratio (DPR) is currently 35.29%.

About CLEAR Secure

CLEAR Secure, Inc. operates a secure identity platform that uses biometric and other identity-verification technologies to help people confirm who they are. Its services are designed to make access to locations and digital services more convenient while helping organizations verify identities. The company is best known for CLEAR Plus, a membership service that lets enrolled travelers use dedicated lanes to verify their identity at participating airport security checkpoints. CLEAR also provides identity-verification services for organizations, including through its CLEAR1 platform, and offers services at participating sports and entertainment venues.