Cookson Peirce & Co. Inc. Acquires Shares of 94,724 CLEAR Secure, Inc. $YOU

Cookson Peirce & Co. Inc. acquired a new stake in shares of CLEAR Secure, Inc. (NYSE:YOU) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 94,724 shares of the company’s stock, valued at approximately $3,162,000. Cookson Peirce & Co. Inc. owned about 0.07% of CLEAR Secure at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Jump Financial LLC lifted its stake in CLEAR Secure by 88.0% in the 2nd quarter. Jump Financial LLC now owns 248,584 shares of the company’s stock worth $6,901,000 after purchasing an additional 116,385 shares in the last quarter. Aviva PLC bought a new stake in shares of CLEAR Secure in the second quarter worth about $521,000. Vest Financial LLC lifted its position in shares of CLEAR Secure by 17.7% in the third quarter. Vest Financial LLC now owns 196,667 shares of the company’s stock worth $6,565,000 after buying an additional 29,527 shares in the last quarter. Versor Investments LP bought a new position in CLEAR Secure during the third quarter valued at approximately $1,152,000. Finally, SG Americas Securities LLC bought a new position in CLEAR Secure during the third quarter valued at approximately $1,403,000. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Insider Activity

In related news, insider Lynn Haaland sold 15,532 shares of CLEAR Secure stock in a transaction dated Friday, December 12th. The shares were 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 of the company’s stock, valued at approximately $636,853. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Adam Wiener sold 14,000 shares of the stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $35.00, for a total transaction of $490,000.00. Following the completion of the sale, the director directly owned 165,634 shares in the company, valued at $5,797,190. This trade represents a 7.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 37,532 shares of company stock valued at $1,446,812 in the last 90 days. Company insiders own 39.73% of the company’s stock.

CLEAR Secure Stock Up 0.4%

Shares of YOU opened at $32.67 on Friday. The business has a fifty day moving average of $35.06 and a 200 day moving average of $34.30. The company has a market cap of $4.35 billion, a PE ratio of 19.92 and a beta of 1.21. CLEAR Secure, Inc. has a 52-week low of $21.67 and a 52-week high of $42.29.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. JPMorgan Chase & Co. raised CLEAR Secure from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $35.00 to $42.00 in a research note on Friday, December 12th. Weiss Ratings cut shares of CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 3rd. Zacks Research downgraded shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. The Goldman Sachs Group lifted their price objective 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. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $45.00 target price on shares of CLEAR Secure in a report on Wednesday, December 17th. 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $40.86.

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.