Gainplan LLC Purchases 20,048 Shares of CLEAR Secure, Inc. $YOU

Gainplan LLC acquired a new position in CLEAR Secure, Inc. (NYSE:YOU) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 20,048 shares of the company’s stock, valued at approximately $841,000.

Other large investors have also recently added to or reduced their stakes in the company. Congress Asset Management Co. acquired a new position in CLEAR Secure during the third quarter worth about $78,843,000. Ashford Capital Management Inc. grew its position in shares of CLEAR Secure by 97.5% in the first quarter. Ashford Capital Management Inc. now owns 533,268 shares of the company’s stock valued at $25,816,000 after purchasing an additional 263,218 shares during the last quarter. Wedge Capital Management L L P NC purchased a new position in shares of CLEAR Secure during the 2nd quarter worth approximately $82,542,000. NFJ Investment Group LLC purchased a new position in shares of CLEAR Secure during the 4th quarter worth approximately $2,523,000. Finally, SG Americas Securities LLC raised its position in shares of CLEAR Secure by 689.0% during the 1st quarter. SG Americas Securities LLC now owns 71,132 shares of the company’s stock worth $3,444,000 after purchasing an additional 62,116 shares during the last quarter. 73.80% of the stock is owned by institutional investors and hedge funds.

CLEAR Secure Stock Performance

Shares of NYSE YOU opened at $42.96 on Friday. The firm has a market cap of $5.81 billion, a P/E ratio of 29.23 and a beta of 1.01. CLEAR Secure, Inc. has a 1 year low of $29.43 and a 1 year high of $69.07. The firm’s 50 day moving average price is $44.24 and its 200 day moving average price is $50.84.

CLEAR Secure (NYSE:YOU) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.09. CLEAR Secure had a return on equity of 71.51% and a net margin of 14.78%.The company had revenue of $277.76 million during the quarter, compared to the consensus estimate of $269.71 million. During the same period in the previous year, the firm posted $0.26 EPS. CLEAR Secure’s revenue was up 26.6% on a year-over-year basis. As a group, equities analysts predict that CLEAR Secure, Inc. will post 1.88 EPS for the current year.

CLEAR Secure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.4%. The ex-dividend date was Thursday, September 10th. CLEAR Secure’s dividend payout ratio is presently 40.82%.

Insider Activity at CLEAR Secure

In other CLEAR Secure news, President Michael Z. Barkin sold 11,444 shares of CLEAR Secure stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $45.00, for a total value of $514,980.00. Following the completion of the sale, the president owned 11,550 shares in the company, valued at $519,750. The trade was a 49.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Dennis W. Liu sold 2,104 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $44.47, for a total transaction of $93,564.88. Following the transaction, the chief accounting officer directly owned 15,870 shares of the company’s stock, valued at approximately $705,738.90. This represents a 11.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 18,047 shares of company stock worth $808,615. 29.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on YOU. Wall Street Zen cut CLEAR Secure from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 5th. DA Davidson cut their price target on CLEAR Secure from $55.00 to $45.00 and set a “neutral” rating for the company in a report on Friday, September 11th. Weiss Ratings downgraded CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, September 4th. The Goldman Sachs Group set a $70.00 price objective on CLEAR Secure in a research note on Monday, July 20th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $70.00 price objective on shares of CLEAR Secure in a research report on Wednesday. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $58.29.

CLEAR Secure Company Profile

CLEAR Secure, Inc (NYSE: YOU) operates a secure identity platform designed to help people verify who they are and move through airports, venues and other locations more efficiently. Its technology uses biometric authentication, including facial and fingerprint recognition, alongside identity verification to provide secure, convenient access.

The company’s primary consumer offering is CLEAR+, a membership service that allows enrolled members to use dedicated lanes at participating airports for identity verification before proceeding to security screening.