JPMorgan Chase & Co. Reduces Stock Position in CLEAR Secure, Inc. $YOU

JPMorgan Chase & Co. trimmed its holdings in CLEAR Secure, Inc. (NYSE:YOU) by 8.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,354,080 shares of the company’s stock after selling 125,514 shares during the period. JPMorgan Chase & Co. owned approximately 1.02% of CLEAR Secure worth $45,199,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of YOU. Durable Capital Partners LP boosted its holdings 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 worth $207,932,000 after acquiring an additional 4,531,161 shares during the period. First Trust Advisors LP grew its position in shares of CLEAR Secure by 1.2% in the third quarter. First Trust Advisors LP now owns 3,063,062 shares of the company’s stock valued at $102,245,000 after purchasing an additional 35,304 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of CLEAR Secure by 5.9% during the 3rd quarter. Wellington Management Group LLP now owns 2,489,607 shares of the company’s stock valued at $83,103,000 after purchasing an additional 139,048 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of CLEAR Secure by 35.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,633,346 shares of the company’s stock valued at $42,320,000 after purchasing an additional 430,035 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in CLEAR Secure by 2.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,601,851 shares of the company’s stock worth $53,491,000 after purchasing an additional 36,056 shares in the last quarter. Institutional investors own 73.80% of the company’s stock.

Insider Activity at CLEAR Secure

In other news, Director Adam Wiener sold 15,000 shares of the firm’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $50.00, for a total transaction of $750,000.00. Following the sale, the director owned 132,634 shares in the company, valued at approximately $6,631,700. This trade represents a 10.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Lynn Haaland sold 11,064 shares of CLEAR Secure stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $47.44, for a total transaction of $524,876.16. Following the sale, the insider directly owned 7,375 shares of the company’s stock, valued at $349,870. This represents a 60.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 111,488 shares of company stock valued at $5,069,078. Company insiders own 39.73% of the company’s stock.

CLEAR Secure Stock Down 1.6%

Shares of NYSE YOU opened at $48.00 on Friday. The firm has a market capitalization of $6.40 billion, a P/E ratio of 42.86 and a beta of 1.13. The stock’s 50-day simple moving average is $38.42 and its two-hundred day simple moving average is $36.03. CLEAR Secure, Inc. has a twelve month low of $23.00 and a twelve month high of $50.46.

CLEAR Secure (NYSE:YOU) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.31 earnings per share for the quarter, meeting the consensus estimate of $0.31. CLEAR Secure had a return on equity of 70.08% and a net margin of 12.12%.The firm had revenue of $240.75 million for the quarter, compared to analysts’ expectations of $235.66 million. During the same quarter last year, the firm posted $0.91 EPS. The company’s revenue was up 16.7% compared to the same quarter last year. As a group, research analysts anticipate that CLEAR Secure, Inc. will post 0.98 EPS for the current fiscal year.

CLEAR Secure Dividend Announcement

The business also recently announced a special dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, March 10th. This represents a yield of 131.0%. CLEAR Secure’s payout ratio is presently 53.57%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on YOU. The Goldman Sachs Group set a $61.00 target price on CLEAR Secure and gave the stock a “buy” rating in a research note on Wednesday, February 25th. JPMorgan Chase & Co. increased their price target on shares of CLEAR Secure from $42.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Stifel Nicolaus raised their price objective on shares of CLEAR Secure from $38.00 to $51.00 and gave the company a “hold” rating in a research report on Thursday, February 26th. Needham & Company LLC boosted their price objective on shares of CLEAR Secure from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, DA Davidson increased their target price on shares of CLEAR Secure from $46.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $51.57.

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.