Clark Capital Management Group Inc. Buys New Holdings in CLEAR Secure, Inc. $YOU

Key Points

• Clark Capital Management Group Inc. has acquired a new stake in CLEAR Secure, Inc. by purchasing 217,415 shares valued at approximately $5.6 million.
• CLEAR Secure recently reported a quarterly earnings per share of $0.26, surpassing expectations and showing a revenue increase of 17.6% year-over-year.
• The company announced a quarterly dividend of $0.125, with an annualized yield of 1.4%, payable to investors of record on September 10th.

Clark Capital Management Group Inc. acquired a new stake in CLEAR Secure, Inc. (NYSE:YOU - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 217,415 shares of the company's stock, valued at approximately $5,633,000. Clark Capital Management Group Inc. owned 0.16% of CLEAR Secure at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. AQR Capital Management LLC grew its stake in CLEAR Secure by 12.6% in the 1st quarter. AQR Capital Management LLC now owns 525,819 shares of the company's stock valued at $13,624,000 after acquiring an additional 58,911 shares during the period. Advisors Asset Management Inc. purchased a new stake in shares of CLEAR Secure during the first quarter worth about $28,000. Amundi raised its position in shares of CLEAR Secure by 62.5% during the 1st quarter. Amundi now owns 3,743 shares of the company's stock worth $97,000 after purchasing an additional 1,440 shares during the last quarter. Perbak Capital Partners LLP purchased a new position in CLEAR Secure in the 1st quarter valued at about $246,000. Finally, Durable Capital Partners LP purchased a new position in CLEAR Secure in the 1st quarter valued at about $76,673,000. 73.80% of the stock is owned by institutional investors and hedge funds.

CLEAR Secure Stock Up 5.5%

NYSE:YOU traded up $1.90 during trading hours on Tuesday, reaching $36.68. 1,876,445 shares of the stock were exchanged, compared to its average volume of 1,919,304. CLEAR Secure, Inc. has a twelve month low of $21.67 and a twelve month high of $38.88. The business has a 50-day moving average of $31.94 and a two-hundred day moving average of $27.70. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of 22.93 and a beta of 1.27.

CLEAR Secure (NYSE:YOU - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.03. CLEAR Secure had a return on equity of 122.69% and a net margin of 21.17%.The firm had revenue of $219.47 million for the quarter, compared to the consensus estimate of $214.90 million. During the same quarter in the previous year, the business earned $0.34 EPS. The company's quarterly revenue was up 17.6% compared to the same quarter last year. CLEAR Secure has set its Q3 2025 guidance at EPS. On average, research analysts forecast that CLEAR Secure, Inc. will post 0.98 EPS for the current fiscal year.

CLEAR Secure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 10th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.4%. CLEAR Secure's dividend payout ratio (DPR) is presently 31.25%.

Insider Activity at CLEAR Secure

In related news, Director Adam Wiener sold 6,000 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $35.00, for a total transaction of $210,000.00. Following the sale, the director directly owned 201,634 shares of the company's stock, valued at $7,057,190. This represents a 2.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Dennis W. Liu sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $33.60, for a total transaction of $168,000.00. Following the completion of the transaction, the chief accounting officer directly owned 13,923 shares of the company's stock, valued at $467,812.80. This represents a 26.42% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,027 shares of company stock worth $2,043,243. Corporate insiders own 39.73% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on YOU. The Goldman Sachs Group increased their target price on CLEAR Secure from $33.00 to $37.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Stifel Nicolaus increased their price objective on CLEAR Secure from $26.00 to $28.00 and gave the company a "hold" rating in a research note on Tuesday, July 29th. Wall Street Zen upgraded CLEAR Secure from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Zacks Research upgraded shares of CLEAR Secure from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 29th. Finally, Wells Fargo & Company upped their price objective on shares of CLEAR Secure from $23.00 to $25.00 and gave the company an "underweight" rating in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, CLEAR Secure presently has an average rating of "Moderate Buy" and an average target price of $33.00.

About CLEAR Secure

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.