Healthcare of Ontario Pension Plan Trust Fund Acquires 75,639 Shares of CLEAR Secure, Inc. $YOU

Healthcare of Ontario Pension Plan Trust Fund increased its holdings in CLEAR Secure, Inc. (NYSE:YOU) by 245.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 106,419 shares of the company’s stock after purchasing an additional 75,639 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in CLEAR Secure were worth $5,152,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in YOU. Geneos Wealth Management Inc. grew its stake in shares of CLEAR Secure by 329.5% during the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $25,000 after buying an additional 748 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in shares of CLEAR Secure in the 1st quarter valued at about $28,000. Caitong International Asset Management Co. Ltd boosted its holdings in CLEAR Secure by 249.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 867 shares of the company’s stock valued at $30,000 after acquiring an additional 619 shares during the period. Parallel Advisors LLC boosted its holdings in CLEAR Secure by 2,283.3% during the 1st quarter. Parallel Advisors LLC now owns 715 shares of the company’s stock valued at $35,000 after acquiring an additional 685 shares during the period. Finally, Allworth Financial LP grew its position in CLEAR Secure by 118.8% during the 4th quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock worth $36,000 after acquiring an additional 555 shares during the last quarter. 73.80% of the stock is owned by institutional investors.

CLEAR Secure Stock Performance

NYSE YOU opened at $58.38 on Thursday. The stock has a market cap of $7.78 billion, a P/E ratio of 47.08 and a beta of 1.08. CLEAR Secure, Inc. has a fifty-two week low of $28.39 and a fifty-two week high of $62.73. The stock has a 50 day simple moving average of $54.77 and a two-hundred day simple moving average of $48.65.

CLEAR Secure (NYSE:YOU) last posted its earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.03. The firm had revenue of $253.00 million for the quarter, compared to analysts’ expectations of $244.38 million. CLEAR Secure had a return on equity of 68.98% and a net margin of 13.01%.The business’s revenue was up 19.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.26 earnings per share. Sell-side analysts predict that CLEAR Secure, Inc. will post 1.61 earnings per share for the current year.

CLEAR Secure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, June 10th. CLEAR Secure’s payout ratio is presently 48.39%.

Wall Street Analyst Weigh In

YOU has been the subject of several recent research reports. Telsey Advisory Group boosted their price objective on CLEAR Secure from $62.00 to $68.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Wells Fargo & Company raised their target price on shares of CLEAR Secure from $33.00 to $40.00 and gave the stock an “underweight” rating in a report on Thursday, May 7th. Zacks Research downgraded shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Needham & Company LLC upped their price target on shares of CLEAR Secure from $60.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, DA Davidson dropped their price target on shares of CLEAR Secure from $60.00 to $55.00 and set a “neutral” rating for the company in a research report on Tuesday. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, CLEAR Secure currently has a consensus rating of “Hold” and a consensus price target of $58.57.

Insider Buying and Selling at CLEAR Secure

In other news, insider Jonathan Schlegel sold 4,412 shares of CLEAR Secure stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $59.02, for a total transaction of $260,396.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kyle Mclaughlin sold 8,000 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $56.20, for a total transaction of $449,600.00. Following the transaction, the executive vice president owned 29,519 shares in the company, 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. In the last ninety days, insiders have sold 23,962 shares of company stock valued at $1,360,146. 29.70% of the stock is currently owned by company insiders.

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.