Patient Capital Management LLC Sells 14,700 Shares of CLEAR Secure, Inc. $YOU

Patient Capital Management LLC lowered its position in CLEAR Secure, Inc. (NYSE:YOU) by 10.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 125,000 shares of the company’s stock after selling 14,700 shares during the period. Patient Capital Management LLC owned about 0.09% of CLEAR Secure worth $4,172,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of YOU. Vest Financial LLC raised its holdings in CLEAR Secure by 17.7% during the third quarter. Vest Financial LLC now owns 196,667 shares of the company’s stock valued at $6,565,000 after acquiring an additional 29,527 shares during the period. Arkadios Wealth Advisors grew its position in shares of CLEAR Secure by 1.2% during the third quarter. Arkadios Wealth Advisors now owns 44,833 shares of the company’s stock worth $1,497,000 after purchasing an additional 511 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in CLEAR Secure by 4.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 26,319 shares of the company’s stock valued at $813,000 after purchasing an additional 1,073 shares during the period. Nordea Investment Management AB raised its stake in CLEAR Secure by 2.4% during the 3rd quarter. Nordea Investment Management AB now owns 367,310 shares of the company’s stock valued at $12,863,000 after purchasing an additional 8,522 shares during the period. Finally, Harbor Investment Advisory LLC lifted its holdings in CLEAR Secure by 35.6% in the 3rd quarter. Harbor Investment Advisory LLC now owns 9,484 shares of the company’s stock worth $317,000 after purchasing an additional 2,492 shares in the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Analyst Ratings Changes

YOU has been the subject of several recent analyst reports. Wells Fargo & Company upped their price target on CLEAR Secure from $25.00 to $29.00 and gave the stock an “underweight” rating in a research note on Friday, November 7th. Zacks Research upgraded shares of CLEAR Secure from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Stifel Nicolaus set a $38.00 target price on CLEAR Secure in a report on Thursday, November 6th. JPMorgan Chase & Co. upgraded CLEAR Secure from a “neutral” rating to an “overweight” rating and raised their price target for the company from $35.00 to $42.00 in a report on Friday, December 12th. Finally, Wall Street Zen downgraded CLEAR Secure from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $40.86.

CLEAR Secure Stock Performance

NYSE:YOU opened at $34.60 on Wednesday. The firm has a market capitalization of $4.61 billion, a PE ratio of 21.10 and a beta of 1.22. The stock’s fifty day moving average is $35.72 and its 200 day moving average is $33.91. CLEAR Secure, Inc. has a fifty-two week low of $21.67 and a fifty-two week high of $42.29.

CLEAR Secure (NYSE:YOU) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. CLEAR Secure had a net margin of 20.97% and a return on equity of 119.82%. The business had revenue of $229.19 million for the quarter, compared to analysts’ expectations of $224.80 million. During the same quarter in the previous year, the business posted $0.30 earnings per share. The business’s revenue was up 15.5% compared to the same quarter last year. Equities analysts forecast that CLEAR Secure, Inc. will post 0.98 EPS for the current year.

CLEAR Secure Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 10th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, December 10th. CLEAR Secure’s dividend payout ratio is 30.49%.

Insider Transactions at CLEAR Secure

In other CLEAR Secure news, Director Adam Wiener sold 14,000 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $35.00, for a total value of $490,000.00. Following the transaction, the director owned 165,634 shares of the company’s stock, valued at $5,797,190. This represents a 7.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Lynn Haaland sold 15,532 shares of CLEAR Secure stock in a transaction on Friday, December 12th. The stock was sold at an average price of $41.00, for a total value of $636,812.00. Following the sale, the insider owned 15,533 shares of the company’s stock, valued at approximately $636,853. This trade represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 43,532 shares of company stock worth $1,663,052 over the last three months. 39.73% 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.