T3 Companies LLC Takes $424,000 Position in CLEAR Secure, Inc. $YOU

T3 Companies LLC acquired a new stake in CLEAR Secure, Inc. (NYSE:YOU) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 12,100 shares of the company’s stock, valued at approximately $424,000.

A number of other institutional investors also recently modified their holdings of the company. Daiwa Securities Group Inc. boosted its stake in shares of CLEAR Secure by 6.5% in the 4th quarter. Daiwa Securities Group Inc. now owns 5,257 shares of the company’s stock valued at $184,000 after purchasing an additional 323 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in CLEAR Secure by 14.0% during the third quarter. SBI Securities Co. Ltd. now owns 3,634 shares of the company’s stock worth $121,000 after acquiring an additional 447 shares in the last quarter. Blue Trust Inc. boosted its stake in CLEAR Secure by 13.4% during the fourth quarter. Blue Trust Inc. now owns 3,814 shares of the company’s stock worth $134,000 after acquiring an additional 451 shares in the last quarter. California State Teachers Retirement System boosted its stake in CLEAR Secure by 0.5% during the second quarter. California State Teachers Retirement System now owns 94,593 shares of the company’s stock worth $2,626,000 after acquiring an additional 508 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in CLEAR Secure by 118.8% during the fourth quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock worth $36,000 after acquiring an additional 555 shares in the last quarter. 73.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

YOU has been the topic of several research analyst reports. Needham & Company LLC increased their target price on shares of CLEAR Secure from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. DA Davidson reissued a “neutral” rating and set a $60.00 target price (down from $65.00) on shares of CLEAR Secure in a research note on Thursday, May 7th. Wall Street Zen raised shares of CLEAR Secure from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Stifel Nicolaus set a $60.00 target price on shares of CLEAR Secure in a research note on Thursday, May 7th. Finally, Weiss Ratings raised shares of CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $60.00.

CLEAR Secure Trading Down 2.4%

CLEAR Secure stock opened at $51.92 on Thursday. CLEAR Secure, Inc. has a 1-year low of $24.06 and a 1-year high of $62.73. The firm has a market capitalization of $6.92 billion, a price-to-earnings ratio of 41.87 and a beta of 1.08. The firm’s fifty day moving average price is $55.05 and its two-hundred day moving average price is $44.22.

CLEAR Secure (NYSE:YOU) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $244.38 million. During the same period last year, the firm earned $0.26 earnings per share. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. On average, research analysts forecast 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 will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, June 10th. CLEAR Secure’s dividend payout ratio (DPR) is 48.39%.

Insider Buying and Selling at CLEAR Secure

In other CLEAR Secure news, President Michael Z. Barkin sold 11,550 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $56.29, for a total value of $650,149.50. Following the transaction, the president directly owned 22,994 shares of the company’s stock, valued at approximately $1,294,332.26. This trade represents a 33.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jonathan Schlegel sold 4,412 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $59.02, for a total transaction of $260,396.24. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 23,962 shares of company stock valued at $1,360,146. Corporate insiders own 39.73% of the company’s stock.

CLEAR Secure Company 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.