Cookson Peirce & Co. Inc. Boosts Stock Position in CLEAR Secure, Inc. $YOU

Cookson Peirce & Co. Inc. boosted its holdings in shares of CLEAR Secure, Inc. (NYSE:YOU) by 36.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 129,032 shares of the company’s stock after acquiring an additional 34,308 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in CLEAR Secure were worth $4,526,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. First Trust Advisors LP boosted its position in CLEAR Secure by 1.2% in the 3rd quarter. First Trust Advisors LP now owns 3,063,062 shares of the company’s stock valued at $102,245,000 after buying an additional 35,304 shares during the period. One Capital Management LLC bought a new position in CLEAR Secure in the 4th quarter worth about $1,270,000. Black Swift Group LLC bought a new stake in shares of CLEAR Secure during the third quarter valued at approximately $907,000. CWA Asset Management Group LLC raised its stake in shares of CLEAR Secure by 210.8% during the fourth quarter. CWA Asset Management Group LLC now owns 61,169 shares of the company’s stock valued at $2,146,000 after acquiring an additional 41,485 shares in the last quarter. Finally, Versor Investments LP purchased a new stake in shares of CLEAR Secure in the third quarter valued at approximately $1,152,000. 73.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on YOU shares. Telsey Advisory Group increased their price objective on CLEAR Secure from $62.00 to $68.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Weiss Ratings raised CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. DA Davidson reiterated a “neutral” rating and issued a $60.00 target price (down from $65.00) on shares of CLEAR Secure in a report on Thursday, May 7th. The Goldman Sachs Group reiterated a “buy” rating and issued a $75.00 target price on shares of CLEAR Secure in a report on Thursday, May 7th. Finally, Needham & Company LLC upped their target price on CLEAR Secure from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

CLEAR Secure Stock Down 0.3%

Shares of YOU stock opened at $54.34 on Friday. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of 43.82 and a beta of 1.08. The company’s 50 day moving average is $54.84 and its 200 day moving average is $43.75. CLEAR Secure, Inc. has a 52-week low of $24.06 and a 52-week high of $62.73.

CLEAR Secure (NYSE:YOU) last issued its quarterly earnings data 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 company had revenue of $253.00 million for the quarter, compared to analyst estimates of $244.38 million. CLEAR Secure had a net margin of 13.01% and a return on equity of 68.98%. CLEAR Secure’s revenue was up 19.7% compared to the same quarter last year. During the same period last year, the company posted $0.26 earnings per share. Analysts anticipate that CLEAR Secure, Inc. will post 1.78 EPS for the current fiscal year.

CLEAR Secure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, June 10th. CLEAR Secure’s dividend payout ratio (DPR) is presently 48.39%.

Insiders Place Their Bets

In other news, EVP Kyle Mclaughlin sold 8,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $56.20, for a total transaction of $449,600.00. Following the transaction, the executive vice president directly owned 29,519 shares of the company’s stock, valued at approximately $1,658,967.80. This represents a 21.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jonathan Schlegel sold 4,412 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $59.02, for a total value of $260,396.24. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 23,962 shares of company stock valued at $1,360,146. 39.73% of the stock is currently owned by 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.