Patient Capital Management LLC Trims Stock Position in CLEAR Secure, Inc. $YOU

Patient Capital Management LLC decreased its position in CLEAR Secure, Inc. (NYSE:YOU) by 10.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 125,000 shares of the company’s stock after selling 14,700 shares during the period. Patient Capital Management LLC’s holdings in CLEAR Secure were worth $4,172,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of YOU. Jump Financial LLC lifted its holdings in CLEAR Secure by 88.0% during the second quarter. Jump Financial LLC now owns 248,584 shares of the company’s stock worth $6,901,000 after buying an additional 116,385 shares during the period. KLP Kapitalforvaltning AS increased its holdings in shares of CLEAR Secure by 5.8% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 43,500 shares of the company’s stock valued at $1,208,000 after acquiring an additional 2,400 shares during the period. Aviva PLC bought a new position in shares of CLEAR Secure in the 2nd quarter worth $521,000. Vest Financial LLC lifted its stake in shares of CLEAR Secure by 69.6% during the 2nd quarter. Vest Financial LLC now owns 167,140 shares of the company’s stock worth $4,640,000 after purchasing an additional 68,585 shares during the last quarter. Finally, Hodges Capital Management Inc. lifted its stake in shares of CLEAR Secure by 16.1% during the 2nd quarter. Hodges Capital Management Inc. now owns 191,550 shares of the company’s stock worth $5,317,000 after purchasing an additional 26,549 shares during the last quarter. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

CLEAR Secure Price Performance

Shares of YOU stock opened at $34.60 on Wednesday. The business has a fifty day moving average of $35.72 and a 200 day moving average of $33.91. CLEAR Secure, Inc. has a 1 year low of $21.67 and a 1 year high of $42.29. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 21.10 and a beta of 1.22.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. CLEAR Secure had a return on equity of 119.82% and a net margin of 20.97%.The business had revenue of $229.19 million for the quarter, compared to analyst estimates of $224.80 million. During the same period in the prior year, the company earned $0.30 earnings per share. The company’s revenue was up 15.5% on a year-over-year basis. As a group, equities research analysts expect that CLEAR Secure, Inc. will post 0.98 earnings per share for the current year.

CLEAR Secure Dividend Announcement

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

Wall Street Analysts Forecast Growth

YOU has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their target price on shares of CLEAR Secure from $37.00 to $41.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Weiss Ratings upgraded shares of CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 12th. Wall Street Zen downgraded shares of CLEAR Secure from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Zacks Research raised CLEAR Secure from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Finally, Wells Fargo & Company increased their price target on CLEAR Secure from $25.00 to $29.00 and gave the company an “underweight” rating in a research note on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $40.86.

Insider Buying and Selling at CLEAR Secure

In related news, insider Lynn Haaland sold 15,532 shares of CLEAR Secure stock in a transaction that occurred on 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 directly owned 15,533 shares in the company, valued at approximately $636,853. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Adam Wiener sold 14,000 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $35.00, for a total transaction of $490,000.00. Following the completion of the transaction, the director owned 165,634 shares of the company’s stock, valued at approximately $5,797,190. This represents a 7.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 43,532 shares of company stock valued at $1,663,052. 39.73% of the stock is currently owned by corporate insiders.

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.