Rice Hall James & Associates LLC Sells 81,590 Shares of CLEAR Secure, Inc. $YOU

Rice Hall James & Associates LLC cut its position in shares of CLEAR Secure, Inc. (NYSE:YOU) by 7.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 962,250 shares of the company’s stock after selling 81,590 shares during the period. CLEAR Secure makes up 1.8% of Rice Hall James & Associates LLC’s portfolio, making the stock its 11th largest holding. Rice Hall James & Associates LLC’s holdings in CLEAR Secure were worth $32,120,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its position 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 period. Advisors Asset Management Inc. bought a new stake in shares of CLEAR Secure during the 1st quarter worth approximately $28,000. Twin Tree Management LP purchased a new position in CLEAR Secure during the 1st quarter valued at $49,000. Fifth Third Bancorp grew its position in CLEAR Secure by 61.8% in the 2nd quarter. Fifth Third Bancorp now owns 1,806 shares of the company’s stock valued at $50,000 after acquiring an additional 690 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its position in CLEAR Secure by 22.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,804 shares of the company’s stock valued at $50,000 after acquiring an additional 330 shares during the last quarter. 73.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Wall Street Zen downgraded CLEAR Secure from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of CLEAR Secure in a report on Monday. The Goldman Sachs Group upped their target price on shares of CLEAR Secure from $37.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Zacks Research lowered shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Wells Fargo & Company boosted their price target on CLEAR Secure from $25.00 to $29.00 and gave the company an “underweight” rating in a report on Friday, November 7th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $40.86.

CLEAR Secure Stock Performance

Shares of YOU opened at $35.85 on Friday. The company has a 50 day moving average price of $34.84 and a 200-day moving average price of $32.77. CLEAR Secure, Inc. has a fifty-two week low of $21.67 and a fifty-two week high of $42.29. The stock has a market capitalization of $4.77 billion, a PE ratio of 21.86 and a beta of 1.22.

CLEAR Secure (NYSE:YOU) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The company had revenue of $229.19 million during the quarter, compared to the consensus estimate of $224.80 million. CLEAR Secure had a net margin of 20.97% and a return on equity of 119.82%. CLEAR Secure’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.30 earnings per share. Equities research analysts forecast that CLEAR Secure, Inc. will post 0.98 EPS for the current year.

CLEAR Secure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 10th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Wednesday, December 10th. CLEAR Secure’s dividend payout ratio is 30.49%.

Insider Transactions at CLEAR Secure

In other CLEAR Secure news, Director Adam Wiener sold 8,000 shares of CLEAR Secure stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $40.00, for a total value of $320,000.00. Following the transaction, the director owned 179,634 shares in the company, valued at $7,185,360. The trade was a 4.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lynn Haaland sold 15,532 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $41.00, for a total transaction of $636,812.00. Following the completion of the transaction, the insider owned 15,533 shares of the company’s stock, valued at $636,853. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 37,532 shares of company stock worth $1,437,212. 39.73% of the stock is owned by corporate insiders.

About CLEAR Secure

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.