CLEAR Secure, Inc. $YOU Shares Acquired by Picton Mahoney Asset Management

Picton Mahoney Asset Management increased its stake in shares of CLEAR Secure, Inc. (NYSE:YOU) by 51,407.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,573 shares of the company’s stock after buying an additional 19,535 shares during the quarter. Picton Mahoney Asset Management’s holdings in CLEAR Secure were worth $653,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Durable Capital Partners LP grew its stake in CLEAR Secure by 153.1% during the 2nd quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock valued at $207,932,000 after purchasing an additional 4,531,161 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of CLEAR Secure by 36.3% during the second quarter. First Trust Advisors LP now owns 3,027,758 shares of the company’s stock worth $84,051,000 after purchasing an additional 805,795 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of CLEAR Secure by 35.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,633,346 shares of the company’s stock worth $42,320,000 after purchasing an additional 430,035 shares during the period. JPMorgan Chase & Co. boosted its position in CLEAR Secure by 10.7% in the second quarter. JPMorgan Chase & Co. now owns 1,479,594 shares of the company’s stock valued at $41,074,000 after buying an additional 143,012 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in CLEAR Secure by 7.8% in the second quarter. Ameriprise Financial Inc. now owns 1,224,469 shares of the company’s stock valued at $33,991,000 after buying an additional 88,605 shares during the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Analysts Set New Price Targets

YOU has been the subject of a number of recent research reports. Zacks Research lowered shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. DA Davidson increased their price objective on shares of CLEAR Secure from $46.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Telsey Advisory Group raised their target price on shares of CLEAR Secure from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, February 26th. Wells Fargo & Company boosted their target price on shares of CLEAR Secure from $29.00 to $33.00 and gave the company an “underweight” rating in a research report on Thursday, February 26th. Finally, The Goldman Sachs Group set a $61.00 price target on CLEAR Secure and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $51.57.

CLEAR Secure Trading Down 2.3%

CLEAR Secure stock opened at $46.31 on Friday. CLEAR Secure, Inc. has a 12 month low of $23.00 and a 12 month high of $50.46. The stock’s 50 day simple moving average is $36.20 and its two-hundred day simple moving average is $35.28. The firm has a market cap of $6.17 billion, a PE ratio of 41.35 and a beta of 1.13.

CLEAR Secure (NYSE:YOU) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.31 EPS for the quarter, hitting analysts’ consensus estimates of $0.31. The business had revenue of $240.75 million for the quarter, compared to analysts’ expectations of $235.66 million. CLEAR Secure had a net margin of 12.12% and a return on equity of 70.08%. The business’s revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the company earned $0.91 EPS. On average, equities research analysts forecast that CLEAR Secure, Inc. will post 0.98 EPS for the current year.

CLEAR Secure Dividend Announcement

The company also recently declared a special dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be given a dividend of $0.20 per share. This represents a yield of 129.0%. The ex-dividend date is Tuesday, March 10th. CLEAR Secure’s dividend payout ratio (DPR) is currently 44.64%.

Insider Activity

In other news, Director Adam Wiener sold 18,000 shares of the stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $43.07, for a total transaction of $775,260.00. Following the sale, the director directly owned 147,634 shares of the company’s stock, valued at $6,358,596.38. This represents a 10.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Michael Z. Barkin sold 22,885 shares of the firm’s stock in a transaction dated Sunday, March 1st. The shares were sold at an average price of $48.22, for a total value of $1,103,514.70. Following the sale, the president owned 5,669 shares in the company, valued at $273,359.18. This trade represents a 80.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 135,020 shares of company stock worth $6,025,890 over the last three months. Corporate insiders own 39.73% of the company’s stock.

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.