CLEAR Secure, Inc. $YOU Shares Newly Purchased by Iridian Asset Management LLC CT

Iridian Asset Management LLC CT acquired a new stake in CLEAR Secure, Inc. (NYSE:YOU) in the 3rd quarter, Holdings Channel reports. The firm acquired 40,344 shares of the company’s stock, valued at approximately $1,692,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership grew its position in shares of CLEAR Secure by 0.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,680,942 shares of the company’s stock worth $129,784,000 after buying an additional 8,883 shares in the last quarter. Congress Asset Management Co. acquired a new stake in CLEAR Secure in the third quarter valued at approximately $78,843,000. Copeland Capital Management LLC raised its holdings in CLEAR Secure by 4.7% in the third quarter. Copeland Capital Management LLC now owns 1,761,051 shares of the company’s stock valued at $73,876,000 after acquiring an additional 78,553 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in CLEAR Secure by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,711,291 shares of the company’s stock valued at $82,848,000 after acquiring an additional 40,880 shares in the last quarter. Finally, Wedge Capital Management L L P NC purchased a new position in CLEAR Secure in the second quarter worth approximately $82,542,000. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Dennis W. Liu sold 2,104 shares of the company’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $44.47, for a total value of $93,564.88. Following the completion of the transaction, the chief accounting officer owned 15,870 shares in the company, valued at approximately $705,738.90. This represents a 11.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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. Also, EVP Kyle McLaughlin sold 4,499 shares of the stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $44.47, for a total transaction of $200,070.53. Following the completion of the transaction, the executive vice president directly owned 29,519 shares in the company, valued at $1,312,709.93. This trade represents a 13.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 quarter, insiders have sold 18,047 shares of company stock valued at $808,615. 29.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on YOU. Needham & Company LLC reiterated a “buy” rating and set a $70.00 price target on shares of CLEAR Secure in a report on Wednesday, October 7th. The Goldman Sachs Group set a $70.00 price objective on shares of CLEAR Secure in a report on Monday, July 20th. Zacks Research lowered shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Wall Street Zen cut shares of CLEAR Secure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. Finally, DA Davidson lowered their target price on shares of CLEAR Secure from $55.00 to $45.00 and set a “neutral” rating for the company in a research note on Friday, September 11th. Five 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $58.29.

CLEAR Secure Stock Performance

Shares of NYSE YOU opened at $45.44 on Friday. CLEAR Secure, Inc. has a fifty-two week low of $30.23 and a fifty-two week high of $69.07. The firm has a market capitalization of $6.15 billion, a PE ratio of 30.91 and a beta of 1.01. The stock’s 50-day simple moving average is $42.75 and its 200-day simple moving average is $50.32.

CLEAR Secure (NYSE:YOU) last posted its earnings results on Wednesday, August 5th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.09. The firm had revenue of $277.76 million during the quarter, compared to analysts’ expectations of $269.71 million. CLEAR Secure had a return on equity of 71.51% and a net margin of 14.78%. The firm’s revenue was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.26 earnings per share. On average, sell-side analysts forecast that CLEAR Secure, Inc. will post 1.88 earnings per share for the current fiscal year.

CLEAR Secure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. CLEAR Secure’s dividend payout ratio (DPR) is presently 40.82%.

CLEAR Secure Company Profile

CLEAR Secure, Inc provides identity verification and secure access services through its CLEAR platform. The company uses biometric authentication and other identity technologies to help verify individuals and streamline access to participating locations and services.

Its consumer offerings include CLEAR Plus, a membership service that allows enrolled members to verify their identities at participating airports, and CLEAR Reserve, which enables travelers to reserve a time to proceed through select airport security checkpoints.