CLEAR Secure, Inc. $YOU Shares Newly Acquired by Summit Global Investments

Summit Global Investments bought a new position in CLEAR Secure, Inc. (NYSE:YOU) during the third quarter, Holdings Channel.com reports. The institutional investor bought 20,838 shares of the company’s stock, valued at approximately $874,000.

Several other institutional investors and hedge funds have also recently modified their holdings of YOU. State of Wyoming raised its stake in shares of CLEAR Secure by 12.9% in the 3rd quarter. State of Wyoming now owns 16,352 shares of the company’s stock valued at $686,000 after acquiring an additional 1,873 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in shares of CLEAR Secure by 56.7% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 9,400 shares of the company’s stock valued at $394,000 after purchasing an additional 3,400 shares during the last quarter. D.A. Davidson & CO. boosted its position in shares of CLEAR Secure by 6.1% in the 3rd quarter. D.A. Davidson & CO. now owns 5,200 shares of the company’s stock valued at $218,000 after purchasing an additional 300 shares during the period. Iridian Asset Management LLC CT acquired a new stake in shares of CLEAR Secure in the 3rd quarter valued at about $1,692,000. Finally, Gibbs Wealth Management acquired a new position in CLEAR Secure during the third quarter worth approximately $730,000. Institutional investors and hedge funds own 73.80% of the company’s stock.

Insider Buying and Selling

In other news, President Michael Barkin sold 11,444 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $45.00, for a total transaction of $514,980.00. Following the completion of the sale, the president directly owned 11,550 shares of the company’s stock, valued at $519,750. The trade was a 49.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kyle McLaughlin sold 4,499 shares of the business’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $44.47, for a total value of $200,070.53. Following the sale, the executive vice president directly owned 29,519 shares of the company’s stock, valued at approximately $1,312,709.93. This trade represents a 13.23% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 18,047 shares of company stock valued at $808,615. Insiders own 29.70% of the company’s stock.

Analysts Set New Price Targets

YOU has been the topic of a number of research reports. Zacks Research lowered shares of CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Wall Street Zen downgraded shares of CLEAR Secure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. Weiss Ratings raised CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. JPMorgan Chase & Co. began coverage on CLEAR Secure in a research report on Monday, August 24th. They issued an “overweight” rating and a $55.00 price target on the stock. Finally, The Goldman Sachs Group set a $70.00 price objective on CLEAR Secure in a research note on Monday, July 20th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, CLEAR Secure currently has a consensus rating of “Hold” and an average target price of $58.29.

CLEAR Secure Trading Up 3.9%

NYSE:YOU opened at $47.77 on Tuesday. CLEAR Secure, Inc. has a twelve month low of $30.23 and a twelve month high of $69.07. The company has a market capitalization of $6.46 billion, a P/E ratio of 32.50 and a beta of 1.01. The firm has a 50-day moving average price of $43.03 and a two-hundred day moving average price of $47.54.

CLEAR Secure (NYSE:YOU) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.09. The business had revenue of $277.76 million for the quarter, compared to analyst estimates of $269.71 million. CLEAR Secure had a return on equity of 71.51% and a net margin of 14.78%. The business’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 earnings per share. On average, equities research analysts predict that CLEAR Secure, Inc. will post 1.88 earnings per share for the current year.

CLEAR Secure Profile

CLEAR Secure, Inc provides identity verification and secure access services through its CLEAR platform. The company uses biometric authentication and other identity technologies to help verify individuals and streamline access to participating locations and services.

Its consumer offerings include CLEAR Plus, a membership service that allows enrolled members to verify their identities at participating airports, and CLEAR Reserve, which enables travelers to reserve a time to proceed through select airport security checkpoints.