CLEAR Secure, Inc. $YOU Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC decreased its holdings in shares of CLEAR Secure, Inc. (NYSE:YOU) by 5.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 914,235 shares of the company’s stock after selling 48,015 shares during the quarter. CLEAR Secure comprises 1.8% of Rice Hall James & Associates LLC’s holdings, making the stock its 11th largest holding. Rice Hall James & Associates LLC’s holdings in CLEAR Secure were worth $32,071,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its stake in CLEAR Secure by 329.5% during the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $25,000 after acquiring an additional 748 shares during the last quarter. Advisors Asset Management Inc. acquired a new stake in CLEAR Secure during the first quarter worth $28,000. Caitong International Asset Management Co. Ltd increased its stake in CLEAR Secure by 249.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 867 shares of the company’s stock worth $30,000 after acquiring an additional 619 shares during the last quarter. Allworth Financial LP increased its stake in CLEAR Secure by 118.8% during the fourth quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock worth $36,000 after acquiring an additional 555 shares during the last quarter. Finally, Holos Integrated Wealth LLC acquired a new stake in CLEAR Secure during the fourth quarter worth $53,000. Institutional investors and hedge funds own 73.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on YOU. DA Davidson reissued a “neutral” rating and set a $60.00 target price (down from $65.00) on shares of CLEAR Secure in a research note on Thursday, May 7th. Needham & Company LLC raised their target price on CLEAR Secure from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Stifel Nicolaus set a $60.00 target price on CLEAR Secure in a research note on Thursday, May 7th. Weiss Ratings upgraded CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $75.00 price target on shares of CLEAR Secure in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $60.00.

Insider Activity at CLEAR Secure

In related news, insider Jonathan Schlegel sold 4,412 shares of CLEAR Secure stock in a transaction on Friday, May 15th. The stock was sold at an average price of $59.02, for a total value of $260,396.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Michael Z. Barkin sold 11,550 shares of CLEAR Secure stock in a transaction on 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 transaction, the president owned 22,994 shares of the company’s stock, 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. Over the last three months, insiders sold 23,962 shares of company stock worth $1,360,146. Company insiders own 39.73% of the company’s stock.

CLEAR Secure Stock Up 2.2%

YOU opened at $51.35 on Tuesday. CLEAR Secure, Inc. has a 52 week low of $24.06 and a 52 week high of $62.73. The business has a fifty day simple moving average of $55.12 and a 200-day simple moving average of $44.54. The firm has a market cap of $6.85 billion, a P/E ratio of 41.41 and a beta of 1.08.

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

CLEAR Secure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.2%. CLEAR Secure’s dividend payout ratio (DPR) is 48.39%.

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.