CLEAR Secure, Inc. $YOU Stock Holdings Decreased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lessened its stake in CLEAR Secure, Inc. (NYSE:YOU) by 35.4% during the first quarter, HoldingsChannel.com reports. The firm owned 595,983 shares of the company’s stock after selling 326,412 shares during the period. Janney Montgomery Scott LLC’s holdings in CLEAR Secure were worth $28,852,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Geneos Wealth Management Inc. increased its stake in 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 purchasing an additional 748 shares during the last quarter. Advisors Asset Management Inc. bought a new position in shares of CLEAR Secure in the 1st quarter worth about $28,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of CLEAR Secure by 249.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 867 shares of the company’s stock valued at $30,000 after buying an additional 619 shares during the period. Allworth Financial LP boosted its holdings in shares of CLEAR Secure by 118.8% in the 4th quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock valued at $36,000 after buying an additional 555 shares during the period. Finally, Rockefeller Capital Management L.P. grew its position in shares of CLEAR Secure by 92.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,108 shares of the company’s stock valued at $39,000 after buying an additional 532 shares during the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Weiss Ratings upgraded CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 15th. Needham & Company LLC increased their price target on CLEAR Secure from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. DA Davidson reissued a “neutral” rating and issued a $60.00 price target (down from $65.00) on shares of CLEAR Secure in a report on Thursday, May 7th. Wall Street Zen upgraded CLEAR Secure from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Zacks Research upgraded CLEAR Secure from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Insider Buying and Selling

In other CLEAR Secure news, insider Jonathan Schlegel sold 4,412 shares of the business’s stock in a transaction on Friday, May 15th. The stock was 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 Securities & Exchange Commission, which is available at the SEC website. Also, President Michael Z. Barkin sold 11,550 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $56.29, for a total value of $650,149.50. Following the transaction, the president owned 22,994 shares of the company’s stock, valued at $1,294,332.26. This trade represents a 33.44% 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. Insiders sold 23,962 shares of company stock valued at $1,360,146 in the last three months. 39.73% of the stock is currently owned by corporate insiders.

CLEAR Secure Stock Up 1.4%

Shares of NYSE:YOU opened at $55.93 on Tuesday. The company’s 50-day moving average price is $55.65 and its 200 day moving average price is $45.84. The company has a market cap of $7.46 billion, a PE ratio of 45.11 and a beta of 1.08. CLEAR Secure, Inc. has a fifty-two week low of $27.23 and a fifty-two week high of $62.73.

CLEAR Secure (NYSE:YOU) last posted its earnings results on Wednesday, May 6th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.35 by $0.03. CLEAR Secure had a net margin of 13.01% and a return on equity of 68.98%. The firm had revenue of $253.00 million during the quarter, compared to analysts’ expectations of $244.38 million. During the same quarter in the prior year, the firm earned $0.26 EPS. CLEAR Secure’s quarterly revenue was up 19.7% on a year-over-year basis. As a group, equities analysts anticipate that CLEAR Secure, Inc. will post 1.78 EPS for the current year.

CLEAR Secure Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, June 10th. CLEAR Secure’s dividend payout ratio is 48.39%.

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.