Edgestream Partners L.P. Has $2.54 Million Holdings in CLEAR Secure, Inc. (NYSE:YOU)

Edgestream Partners L.P. lifted its stake in shares of CLEAR Secure, Inc. (NYSE:YOU) by 10.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,931 shares of the company’s stock after acquiring an additional 9,473 shares during the quarter. Edgestream Partners L.P. owned approximately 0.07% of CLEAR Secure worth $2,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in YOU. Vanguard Group Inc. raised its position in shares of CLEAR Secure by 3.9% in the fourth quarter. Vanguard Group Inc. now owns 12,526,949 shares of the company’s stock worth $333,718,000 after buying an additional 473,207 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of CLEAR Secure by 15.7% during the fourth quarter. Renaissance Technologies LLC now owns 3,698,159 shares of the company’s stock valued at $98,519,000 after purchasing an additional 501,000 shares during the last quarter. Wellington Management Group LLP boosted its stake in CLEAR Secure by 74.9% during the 4th quarter. Wellington Management Group LLP now owns 3,322,514 shares of the company’s stock valued at $88,512,000 after purchasing an additional 1,422,999 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of CLEAR Secure by 112.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,766,798 shares of the company’s stock valued at $73,707,000 after buying an additional 1,463,748 shares during the period. Finally, Geode Capital Management LLC raised its position in CLEAR Secure by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 2,433,165 shares of the company’s stock worth $64,832,000 after acquiring an additional 86,311 shares during the period. 73.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on YOU shares. Telsey Advisory Group reiterated an “outperform” rating and set a $32.00 price objective on shares of CLEAR Secure in a research report on Friday, May 9th. Needham & Company LLC reissued a “buy” rating and issued a $45.00 target price on shares of CLEAR Secure in a research note on Monday, March 24th. Finally, Wall Street Zen lowered shares of CLEAR Secure from a “buy” rating to a “hold” rating in a report on Sunday, July 13th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, CLEAR Secure has an average rating of “Moderate Buy” and an average price target of $32.00.

Insider Buying and Selling at CLEAR Secure

In related news, Director Kenneth L. Cornick sold 315,591 shares of the business’s stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $25.02, for a total value of $7,896,086.82. Following the completion of the sale, the director directly owned 64,935 shares in the company, valued at $1,624,673.70. The trade was a 82.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Adam Wiener sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $27.50, for a total transaction of $82,500.00. Following the completion of the sale, the director owned 212,634 shares in the company, valued at approximately $5,847,435. The trade was a 1.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 960,964 shares of company stock valued at $24,238,299 over the last three months. 39.73% of the stock is owned by company insiders.

CLEAR Secure Stock Performance

Shares of NYSE:YOU opened at $31.20 on Friday. The company has a market cap of $4.15 billion, a PE ratio of 19.50 and a beta of 1.25. The firm has a 50 day simple moving average of $26.26 and a 200 day simple moving average of $25.53. CLEAR Secure, Inc. has a 52 week low of $18.23 and a 52 week high of $38.88.

CLEAR Secure (NYSE:YOU) last issued its earnings results on Thursday, May 8th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). CLEAR Secure had a net margin of 21.96% and a return on equity of 115.09%. The firm had revenue of $211.40 million during the quarter, compared to analyst estimates of $208.02 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. On average, equities analysts predict that CLEAR Secure, Inc. will post 0.98 earnings per share for the current year.

CLEAR Secure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend was Tuesday, June 10th. CLEAR Secure’s dividend payout ratio is 31.25%.

About CLEAR Secure

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.