39,300 Shares in CLEAR Secure, Inc. $YOU Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in shares of CLEAR Secure, Inc. (NYSE:YOU) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 39,300 shares of the company’s stock, valued at approximately $1,903,000.

Several other large investors have also bought and sold shares of YOU. Geneos Wealth Management Inc. grew its holdings in 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 during the period. Advisors Asset Management Inc. acquired a new position in shares of CLEAR Secure in the 1st quarter valued at $28,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of CLEAR Secure by 249.6% in the 4th 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 during the period. Allworth Financial LP boosted its position in shares of CLEAR Secure by 118.8% in the 4th quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock worth $36,000 after purchasing an additional 555 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in shares of CLEAR Secure by 92.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,108 shares of the company’s stock worth $39,000 after purchasing an additional 532 shares during the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wells Fargo & Company upped their price objective on CLEAR Secure from $33.00 to $40.00 and gave the company an “underweight” rating in a report on Thursday, May 7th. Telsey Advisory Group increased their target price on CLEAR Secure from $62.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. DA Davidson restated a “neutral” rating and set a $60.00 target price (down from $65.00) on shares of CLEAR Secure in a report 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, Wall Street Zen raised CLEAR Secure from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, CLEAR Secure presently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

Insider Activity at CLEAR Secure

In related news, EVP Kyle Mclaughlin sold 8,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $56.20, for a total transaction of $449,600.00. Following the completion of the sale, the executive vice president directly owned 29,519 shares of the company’s stock, valued at approximately $1,658,967.80. This represents a 21.32% decrease in their position. The transaction 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, insider Jonathan Schlegel sold 4,412 shares of the firm’s stock in a transaction that occurred on 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. In the last three months, insiders sold 23,962 shares of company stock worth $1,360,146. 39.73% of the stock is owned by company insiders.

CLEAR Secure Trading Down 0.7%

YOU stock opened at $55.66 on Wednesday. The business’s 50-day moving average price is $55.71 and its two-hundred day moving average price is $45.98. The firm has a market cap of $7.42 billion, a PE ratio of 44.89 and a beta of 1.08. CLEAR Secure, Inc. has a 1-year low of $27.23 and a 1-year high of $62.73.

CLEAR Secure (NYSE:YOU) last announced its quarterly 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 return on equity of 68.98% and a net margin of 13.01%.The company had revenue of $253.00 million during the quarter, compared to the consensus estimate of $244.38 million. During the same period in the prior year, the company earned $0.26 earnings per share. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. On average, analysts forecast that CLEAR Secure, Inc. will post 1.78 earnings per share for the current year.

CLEAR Secure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th were given a $0.15 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $0.60 annualized dividend and a dividend yield of 1.1%. CLEAR Secure’s payout ratio 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.