Inspire Investing LLC Takes Position in CLEAR Secure, Inc. $YOU

Inspire Investing LLC acquired a new stake in CLEAR Secure, Inc. (NYSE:YOU) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 33,475 shares of the company’s stock, valued at approximately $1,621,000.

Other large investors have also recently bought and sold shares of the company. Durable Capital Partners LP increased its position in CLEAR Secure by 153.1% during the second quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock worth $207,932,000 after buying an additional 4,531,161 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of CLEAR Secure by 6,038.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,463,717 shares of the company’s stock worth $48,859,000 after buying an additional 1,439,873 shares during the last quarter. Squarepoint Ops LLC lifted its position in shares of CLEAR Secure by 4,573.0% in the second quarter. Squarepoint Ops LLC now owns 929,033 shares of the company’s stock worth $25,790,000 after buying an additional 909,152 shares during the last quarter. Norges Bank bought a new stake in shares of CLEAR Secure during the 4th quarter worth about $29,500,000. Finally, Jupiter Asset Management Ltd. boosted its stake in shares of 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 acquiring an additional 635,400 shares in the last quarter. 73.80% of the stock is currently owned by institutional investors.

Insider Activity at CLEAR Secure

In other CLEAR Secure news, President Michael Z. Barkin sold 11,550 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was 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 $1,294,332.26. This represents a 33.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kyle Mclaughlin sold 8,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president owned 29,519 shares of the company’s stock, valued at $1,658,967.80. This represents a 21.32% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 23,962 shares of company stock worth $1,360,146 over the last three months. Company insiders own 39.73% of the company’s stock.

CLEAR Secure Price Performance

NYSE:YOU opened at $55.66 on Wednesday. CLEAR Secure, Inc. has a one year low of $27.23 and a one year high of $62.73. The company has a fifty day moving average price of $55.71 and a 200 day moving average price of $45.98. The stock has a market cap of $7.42 billion, a P/E ratio of 44.89 and a beta of 1.08.

CLEAR Secure (NYSE:YOU) last posted its quarterly earnings data 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. The company had revenue of $253.00 million for the quarter, compared to the consensus estimate of $244.38 million. CLEAR Secure had a net margin of 13.01% and a return on equity of 68.98%. The business’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.26 EPS. As a group, equities research analysts anticipate that CLEAR Secure, Inc. will post 1.78 EPS for the current year.

CLEAR Secure Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 1.1%. The ex-dividend date was Wednesday, June 10th. CLEAR Secure’s payout ratio is currently 48.39%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on YOU shares. Telsey Advisory Group raised their price objective on CLEAR Secure from $62.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Zacks Research raised CLEAR Secure from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. Weiss Ratings upgraded CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 15th. Wall Street Zen raised shares of CLEAR Secure from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, DA Davidson restated a “neutral” rating and issued a $60.00 price objective (down from $65.00) on shares of CLEAR Secure in a research note on Thursday, May 7th. One equities research 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, CLEAR Secure has a consensus rating of “Moderate Buy” and an average target price of $60.00.

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.