WCG Wealth Advisors LLC Buys 18,336 Shares of CLEAR Secure, Inc. $YOU

WCG Wealth Advisors LLC raised its stake in shares of CLEAR Secure, Inc. (NYSE:YOU) by 98.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,879 shares of the company’s stock after acquiring an additional 18,336 shares during the quarter. WCG Wealth Advisors LLC’s holdings in CLEAR Secure were worth $1,294,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Durable Capital Partners LP boosted its position in CLEAR Secure by 153.1% during the 2nd quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock valued at $207,932,000 after acquiring an additional 4,531,161 shares in the last quarter. First Trust Advisors LP boosted its position in CLEAR Secure by 1.2% during the 3rd quarter. First Trust Advisors LP now owns 3,063,062 shares of the company’s stock valued at $102,245,000 after acquiring an additional 35,304 shares in the last quarter. Wellington Management Group LLP boosted its position in CLEAR Secure by 5.9% during the 3rd quarter. Wellington Management Group LLP now owns 2,489,607 shares of the company’s stock valued at $83,103,000 after acquiring an additional 139,048 shares in the last quarter. Geode Capital Management LLC boosted its stake in 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. Finally, Goldman Sachs Group Inc. boosted its stake in CLEAR Secure by 35.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,633,346 shares of the company’s stock valued at $42,320,000 after acquiring an additional 430,035 shares in the last quarter. Institutional investors own 73.80% of the company’s stock.

Insider Activity at CLEAR Secure

In related news, insider Jonathan Schlegel sold 4,412 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $59.02, for a total transaction of $260,396.24. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, President Michael Z. Barkin sold 11,550 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $56.29, for a total transaction of $650,149.50. Following the sale, the president owned 22,994 shares in the company, valued at approximately $1,294,332.26. This represents a 33.44% 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. Over the last quarter, insiders have sold 23,962 shares of company stock worth $1,360,146. 39.73% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Needham & Company LLC raised their target price on shares of CLEAR Secure from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. DA Davidson restated a “neutral” rating and issued a $60.00 target price (down from $65.00) on shares of CLEAR Secure in a research note on Thursday, May 7th. Wells Fargo & Company raised their target price on shares of CLEAR Secure from $33.00 to $40.00 and gave the company an “underweight” rating in a research note on Thursday, May 7th. Telsey Advisory Group raised their target price on shares of CLEAR Secure from $62.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Finally, Stifel Nicolaus set a $60.00 price target on shares of CLEAR Secure in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, CLEAR Secure presently has an average rating of “Moderate Buy” and an average price target of $60.00.

CLEAR Secure Price Performance

Shares of CLEAR Secure stock opened at $54.34 on Friday. The firm has a fifty day moving average price of $54.84 and a 200 day moving average price of $43.75. CLEAR Secure, Inc. has a 1 year low of $24.06 and a 1 year high of $62.73. The stock has a market cap of $7.24 billion, a PE ratio of 43.82 and a beta of 1.08.

CLEAR Secure (NYSE:YOU) last issued its earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.03. CLEAR Secure had a net margin of 13.01% and a return on equity of 68.98%. The firm had revenue of $253.00 million during the quarter, compared to analysts’ expectations of $244.38 million. During the same quarter last year, the company posted $0.26 earnings per share. The firm’s revenue was up 19.7% compared to the same quarter last year. As a group, equities analysts expect that CLEAR Secure, Inc. will post 1.78 EPS for the current year.

CLEAR Secure Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, June 10th. CLEAR Secure’s dividend payout ratio (DPR) is currently 48.39%.

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.