CLEAR Secure, Inc. $YOU Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its position in CLEAR Secure, Inc. (NYSE:YOU) by 65.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 562,803 shares of the company’s stock after selling 1,078,157 shares during the quarter. Wellington Management Group LLP’s holdings in CLEAR Secure were worth $31,365,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Globeflex Capital L P purchased a new stake in CLEAR Secure in the 2nd quarter valued at $128,000. Abacus FCF Advisors LLC acquired a new stake in shares of CLEAR Secure during the second quarter worth about $3,033,000. Great Lakes Advisors LLC acquired a new position in CLEAR Secure in the 2nd quarter valued at about $1,329,000. Foster & Motley Inc. purchased a new stake in CLEAR Secure during the 2nd quarter valued at approximately $1,446,000. Finally, Plato Investment Management Ltd acquired a new stake in CLEAR Secure during the 2nd quarter worth approximately $285,000. 73.80% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about CLEAR Secure

Here are the key news stories impacting CLEAR Secure this week:

• Positive Sentiment: CLEAR Secure recently announced a quarterly dividend of $0.15 per share, equivalent to $0.60 annually and a yield of approximately 1.3%. The dividend may provide some support for income-focused investors. CLEAR Secure dividend and insider trading report
• Positive Sentiment: Institutional ownership remains high at 73.8%, while several funds increased their positions during the second quarter. California State Teachers’ Retirement System reported a particularly significant increase, adding more than 5.3 million shares.
• Positive Sentiment: The company’s latest quarterly results were stronger than expected: earnings per share reached $0.49 versus a $0.40 consensus estimate, while revenue rose 26.6% year over year to $277.76 million, above expectations.
• Neutral Sentiment: Analyst sentiment is mixed but currently averages a “Hold” rating. Five analysts rate the stock Buy, three rate it Hold and one rates it Sell. The consensus price target is $59.71, above recent trading levels, although DA Davidson recently lowered its target to $55 and retained a Neutral rating. CLEAR Secure analyst consensus report
• Negative Sentiment: Multiple executives sold shares totaling roughly $1.21 million. President Michael Barkin sold 11,444 shares, reducing his position by nearly 50%; EVP Kyle McLaughlin sold 4,499 shares; CAO Dennis Liu sold 2,104 shares; and another vice president sold 9,192 shares, or 31% of that executive’s prior stake. The Liu, McLaughlin and Barkin transactions were conducted under pre-arranged Rule 10b5-1 plans, with Liu’s sale specifically covering tax obligations, which makes the sales less concerning than discretionary selling but still creates short-term supply and sentiment pressure. CLEAR Secure executive share sales

CLEAR Secure Trading Down 1.1%

NYSE:YOU opened at $44.12 on Friday. The firm’s fifty day simple moving average is $50.83 and its 200 day simple moving average is $51.12. The firm has a market capitalization of $5.97 billion, a PE ratio of 30.01 and a beta of 1.04. CLEAR Secure, Inc. has a 1 year low of $29.43 and a 1 year high of $69.07.

CLEAR Secure (NYSE:YOU) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.09. The company had revenue of $277.76 million for the quarter, compared to the consensus estimate of $269.71 million. CLEAR Secure had a net margin of 14.78% and a return on equity of 71.51%. The business’s revenue was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.26 EPS. As a group, analysts anticipate that CLEAR Secure, Inc. will post 1.88 EPS for the current fiscal year.

CLEAR Secure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be paid a $0.15 dividend. The ex-dividend date is Thursday, September 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.4%. CLEAR Secure’s payout ratio is 40.82%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on YOU shares. Zacks Research cut CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. DA Davidson cut their price target on shares of CLEAR Secure from $60.00 to $55.00 and set a “neutral” rating for the company in a report on Tuesday, July 28th. Weiss Ratings cut CLEAR Secure from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Wall Street Zen lowered shares of CLEAR Secure from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, The Goldman Sachs Group set a $70.00 price objective on CLEAR Secure in a research report on Monday, July 20th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $59.71.

Insiders Place Their Bets

In other CLEAR Secure news, CAO Dennis W. Liu sold 2,104 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $44.47, for a total transaction of $93,564.88. Following the transaction, the chief accounting officer directly owned 15,870 shares in the company, valued at approximately $705,738.90. This represents a 11.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Kyle McLaughlin sold 4,499 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $44.47, for a total transaction of $200,070.53. Following the completion of the transaction, the executive vice president directly owned 29,519 shares in the company, valued at approximately $1,312,709.93. The trade was a 13.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 18,047 shares of company stock valued at $808,615. 29.70% of the stock is currently 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.