Gallacher Capital Management LLC Makes New $1.10 Million Investment in CLEAR Secure, Inc. $YOU

Gallacher Capital Management LLC acquired a new stake in CLEAR Secure, Inc. (NYSE:YOU) in the first quarter, Holdings Channel reports. The fund acquired 22,727 shares of the company’s stock, valued at approximately $1,100,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in YOU. One Capital Management LLC bought a new stake in shares of CLEAR Secure in the fourth quarter valued at approximately $1,270,000. Hussman Strategic Advisors Inc. increased its stake in CLEAR Secure by 50.0% during the 4th quarter. Hussman Strategic Advisors Inc. now owns 63,000 shares of the company’s stock worth $2,210,000 after acquiring an additional 21,000 shares during the period. CWA Asset Management Group LLC increased its stake in CLEAR Secure by 210.8% during the 4th quarter. CWA Asset Management Group LLC now owns 61,169 shares of the company’s stock worth $2,146,000 after acquiring an additional 41,485 shares during the period. BNP Paribas Financial Markets increased its stake in CLEAR Secure by 9.2% during the 4th quarter. BNP Paribas Financial Markets now owns 582,658 shares of the company’s stock worth $20,440,000 after acquiring an additional 49,211 shares during the period. Finally, Cookson Peirce & Co. Inc. raised its holdings in CLEAR Secure by 36.2% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 129,032 shares of the company’s stock valued at $4,526,000 after acquiring an additional 34,308 shares in the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

Insider Activity at CLEAR Secure

In other CLEAR Secure news, President Michael Z. Barkin sold 11,550 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $56.29, for a total transaction of $650,149.50. Following the completion of the sale, the president directly owned 22,994 shares in the company, valued at approximately $1,294,332.26. This trade represents a 33.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kyle Mclaughlin sold 8,000 shares of CLEAR Secure 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 directly owned 29,519 shares of the company’s stock, valued at approximately $1,658,967.80. This trade represents a 21.32% 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. Insiders have sold a total of 23,962 shares of company stock worth $1,360,146 over the last quarter. Company insiders own 29.70% of the company’s stock.

Analyst Upgrades and Downgrades

YOU has been the subject of a number of recent analyst reports. The Goldman Sachs Group reiterated a “buy” rating and set a $75.00 target price on shares of CLEAR Secure in a research report on Thursday, May 7th. Wells Fargo & Company raised their price target on CLEAR Secure from $33.00 to $40.00 and gave the stock an “underweight” rating in a research report on Thursday, May 7th. Zacks Research downgraded CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Weiss Ratings raised shares of CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. Finally, DA Davidson reiterated a “neutral” rating and set a $60.00 price objective (down from $65.00) on shares of CLEAR Secure in a research note on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $60.00.

CLEAR Secure Price Performance

YOU stock opened at $54.41 on Friday. CLEAR Secure, Inc. has a 1 year low of $28.39 and a 1 year high of $62.73. The stock has a market cap of $7.25 billion, a price-to-earnings ratio of 43.88 and a beta of 1.08. The company has a 50 day simple moving average of $55.42 and a 200 day simple moving average of $47.43.

CLEAR Secure (NYSE:YOU) last posted its 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 net margin of 13.01% and a return on equity of 68.98%. The business had revenue of $253.00 million for the quarter, compared to the consensus estimate of $244.38 million. During the same period last year, the company earned $0.26 EPS. The firm’s revenue was up 19.7% compared to the same quarter last year. On average, equities research analysts anticipate that CLEAR Secure, Inc. will post 1.79 EPS for the current fiscal year.

CLEAR Secure Dividend Announcement

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

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.