Copeland Capital Management LLC Sells 481,174 Shares of CLEAR Secure, Inc. $YOU

Copeland Capital Management LLC cut its stake in shares of CLEAR Secure, Inc. (NYSE:YOU) by 21.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,755,852 shares of the company’s stock after selling 481,174 shares during the quarter. CLEAR Secure accounts for about 1.9% of Copeland Capital Management LLC’s portfolio, making the stock its 7th largest position. Copeland Capital Management LLC’s holdings in CLEAR Secure were worth $85,001,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Durable Capital Partners LP increased its stake in shares of CLEAR Secure by 153.1% in the second quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock valued at $207,932,000 after buying an additional 4,531,161 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in CLEAR Secure by 6,038.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,463,717 shares of the company’s stock worth $48,859,000 after purchasing an additional 1,439,873 shares during the period. Squarepoint Ops LLC increased its stake in shares of CLEAR Secure by 4,573.0% in the 2nd quarter. Squarepoint Ops LLC now owns 929,033 shares of the company’s stock valued at $25,790,000 after acquiring an additional 909,152 shares in the last quarter. Norges Bank bought a new stake in CLEAR Secure in the fourth quarter valued at $29,500,000. Finally, Jupiter Asset Management Ltd. raised its stake in CLEAR Secure by 260.8% during the 4th quarter. Jupiter Asset Management Ltd. now owns 879,039 shares of the company’s stock worth $30,837,000 after buying an additional 635,400 shares during the period. Institutional investors and hedge funds own 73.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on YOU shares. Wall Street Zen upgraded shares of CLEAR Secure from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. 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 report on Thursday, May 7th. The Goldman Sachs Group restated a “buy” rating and issued a $75.00 target price on shares of CLEAR Secure in a report on Thursday, May 7th. Stifel Nicolaus set a $60.00 price target on shares of CLEAR Secure in a research report on Thursday, May 7th. Finally, Zacks Research downgraded CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $60.00.

CLEAR Secure Price Performance

NYSE YOU opened at $56.02 on Friday. The business’s fifty day moving average is $55.40 and its 200-day moving average is $47.49. The stock has a market capitalization of $7.47 billion, a price-to-earnings ratio of 45.18 and a beta of 1.08. CLEAR Secure, Inc. has a one year low of $28.39 and a one year high of $62.73.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.03. The business had revenue of $253.00 million during the quarter, compared to analyst estimates of $244.38 million. CLEAR Secure had a return on equity of 68.98% and a net margin of 13.01%.CLEAR Secure’s revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.26 earnings per share. Research analysts expect that CLEAR Secure, Inc. will post 1.79 EPS for the current fiscal year.

CLEAR Secure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.1%. CLEAR Secure’s payout ratio is presently 48.39%.

Insiders Place Their Bets

In other CLEAR Secure news, EVP Kyle Mclaughlin sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $56.20, for a total value of $449,600.00. Following the completion of the transaction, the executive vice president owned 29,519 shares in the company, valued at $1,658,967.80. This trade represents a 21.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jonathan Schlegel sold 4,412 shares of CLEAR Secure stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $59.02, for a total value of $260,396.24. The SEC filing for this sale provides additional information. Insiders have sold a total of 23,962 shares of company stock worth $1,360,146 over the last 90 days. Corporate insiders own 29.70% of the company’s stock.

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.