Nordea Investment Management AB Sells 47,676 Shares of CLEAR Secure, Inc. $YOU

Nordea Investment Management AB reduced its holdings in CLEAR Secure, Inc. (NYSE:YOU) by 13.0% during the 4th quarter, HoldingsChannel reports. The firm owned 319,634 shares of the company’s stock after selling 47,676 shares during the quarter. Nordea Investment Management AB’s holdings in CLEAR Secure were worth $11,277,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in YOU. GAMMA Investing LLC lifted its position in shares of CLEAR Secure by 5.0% during the 3rd quarter. GAMMA Investing LLC now owns 7,364 shares of the company’s stock worth $246,000 after purchasing an additional 351 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in CLEAR Secure by 14.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 3,634 shares of the company’s stock valued at $121,000 after buying an additional 447 shares during the last quarter. California State Teachers Retirement System increased its position in CLEAR Secure by 0.5% in the 2nd quarter. California State Teachers Retirement System now owns 94,593 shares of the company’s stock worth $2,626,000 after buying an additional 508 shares during the period. Arkadios Wealth Advisors increased its position in CLEAR Secure by 1.2% in the 3rd quarter. Arkadios Wealth Advisors now owns 44,833 shares of the company’s stock worth $1,497,000 after buying an additional 511 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of CLEAR Secure by 69.7% during the second quarter. Geneos Wealth Management Inc. now owns 1,655 shares of the company’s stock worth $46,000 after buying an additional 680 shares during the last quarter. 73.80% of the stock is currently owned by institutional investors.

CLEAR Secure Trading Up 1.6%

NYSE YOU opened at $54.41 on Thursday. CLEAR Secure, Inc. has a 1-year low of $23.00 and a 1-year high of $56.30. The company has a market capitalization of $7.25 billion, a price-to-earnings ratio of 48.58 and a beta of 1.13. The stock’s 50 day moving average is $39.59 and its two-hundred day moving average is $36.42.

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

CLEAR Secure Dividend Announcement

The company also recently declared a special dividend, which was paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th were given a $0.20 dividend. The ex-dividend date was Tuesday, March 10th. This represents a yield of 131.0%. CLEAR Secure’s payout ratio is 53.57%.

Analyst Upgrades and Downgrades

YOU has been the subject of several research reports. Weiss Ratings cut CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 3rd. Zacks Research cut shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. JPMorgan Chase & Co. increased their price target on shares of 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 raised their price target on shares of CLEAR Secure from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, Wells Fargo & Company boosted their price objective on shares of CLEAR Secure from $29.00 to $33.00 and gave the stock an “underweight” rating in a report on Thursday, February 26th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $51.57.

Insider Activity

In other news, CAO Dennis W. Liu sold 7,950 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $48.57, for a total transaction of $386,131.50. Following the completion of the sale, the chief accounting officer owned 10,960 shares of the company’s stock, valued at approximately $532,327.20. This trade represents a 42.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Adam Wiener sold 15,000 shares of CLEAR Secure stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $50.00, for a total transaction of $750,000.00. Following the completion of the transaction, the director owned 132,634 shares of the company’s stock, valued at $6,631,700. This trade represents a 10.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 111,488 shares of company stock valued at $5,069,078 over the last three months. 39.73% of the stock is owned by corporate insiders.

CLEAR Secure Company 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.