CLEAR Secure, Inc. $YOU Shares Bought by Polen Capital Management LLC

Polen Capital Management LLC grew its holdings in shares of CLEAR Secure, Inc. (NYSE:YOU) by 36.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,325 shares of the company’s stock after purchasing an additional 10,454 shares during the quarter. Polen Capital Management LLC’s holdings in CLEAR Secure were worth $1,380,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its stake in CLEAR Secure by 329.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $25,000 after purchasing an additional 748 shares during the last quarter. Allworth Financial LP boosted its stake in CLEAR Secure by 118.8% during the 4th quarter. Allworth Financial LP now owns 1,022 shares of the company’s stock worth $36,000 after purchasing an additional 555 shares during the last quarter. Advisors Asset Management Inc. acquired a new stake in CLEAR Secure during the 1st quarter worth $28,000. Holos Integrated Wealth LLC acquired a new stake in CLEAR Secure during the 4th quarter worth $53,000. Finally, Vestcor Inc acquired a new stake in CLEAR Secure during the 3rd quarter worth $105,000. Institutional investors and hedge funds own 73.80% of the company’s stock.

CLEAR Secure Trading Down 1.8%

Shares of YOU stock opened at $51.01 on Friday. The company’s 50-day moving average price is $55.10 and its 200-day moving average price is $44.32. The stock has a market cap of $6.80 billion, a price-to-earnings ratio of 41.14 and a beta of 1.08. CLEAR Secure, Inc. has a twelve month low of $24.06 and a twelve month high of $62.73.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.03. The firm had revenue of $253.00 million for the quarter, compared to analysts’ expectations of $244.38 million. CLEAR Secure had a net margin of 13.01% and a return on equity of 68.98%. The company’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS. As a group, equities research analysts predict that CLEAR Secure, Inc. will post 1.78 EPS for the current year.

CLEAR Secure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, June 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.2%. CLEAR Secure’s dividend payout ratio is 48.39%.

Insiders Place Their Bets

In other CLEAR Secure news, President Michael Z. Barkin sold 11,550 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $56.29, for a total transaction of $650,149.50. Following the sale, the president directly owned 22,994 shares in the company, valued at $1,294,332.26. This represents a 33.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jonathan Schlegel sold 4,412 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $59.02, for a total transaction of $260,396.24. The SEC filing for this sale provides additional information. Insiders have sold 23,962 shares of company stock worth $1,360,146 over the last three months. Company insiders own 39.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on YOU shares. Needham & Company LLC lifted 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. 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. Stifel Nicolaus set a $60.00 target price on shares of CLEAR Secure in a research note on Thursday, May 7th. JPMorgan Chase & Co. lifted their target price on shares of CLEAR Secure from $42.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, February 26th. Finally, Zacks Research raised shares of CLEAR Secure from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

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.