CLEAR Secure, Inc. (NYSE:YOU) Shares Sold by Iridian Asset Management LLC CT

Iridian Asset Management LLC CT trimmed its holdings in CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 6.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 167,737 shares of the company's stock after selling 12,438 shares during the quarter. CLEAR Secure comprises approximately 1.4% of Iridian Asset Management LLC CT's portfolio, making the stock its 23rd biggest position. Iridian Asset Management LLC CT owned approximately 0.12% of CLEAR Secure worth $4,346,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership boosted its holdings in shares of CLEAR Secure by 112.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,766,798 shares of the company's stock valued at $73,707,000 after buying an additional 1,463,748 shares in the last quarter. Wellington Management Group LLP lifted its position in CLEAR Secure by 74.9% in the fourth quarter. Wellington Management Group LLP now owns 3,322,514 shares of the company's stock valued at $88,512,000 after acquiring an additional 1,422,999 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in shares of CLEAR Secure in the 4th quarter valued at about $37,697,000. Copeland Capital Management LLC boosted its position in shares of CLEAR Secure by 71.4% in the 1st quarter. Copeland Capital Management LLC now owns 1,976,459 shares of the company's stock valued at $51,210,000 after purchasing an additional 823,166 shares during the period. Finally, Ribbit Management Company LLC purchased a new position in CLEAR Secure during the 4th quarter worth approximately $14,598,000. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

CLEAR Secure Stock Down 0.3%

NYSE:YOU traded down $0.10 during midday trading on Wednesday, reaching $28.51. The stock had a trading volume of 1,335,789 shares, compared to its average volume of 2,062,249. The stock has a market cap of $3.79 billion, a P/E ratio of 16.93 and a beta of 1.25. The firm has a fifty day simple moving average of $25.69 and a two-hundred day simple moving average of $25.42. CLEAR Secure, Inc. has a 12-month low of $18.23 and a 12-month high of $38.88.

CLEAR Secure (NYSE:YOU - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.04). The firm had revenue of $211.40 million for the quarter, compared to analyst estimates of $208.02 million. CLEAR Secure had a return on equity of 115.09% and a net margin of 21.96%. The company's revenue was up 18.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 earnings per share. On average, sell-side analysts anticipate that CLEAR Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

CLEAR Secure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 10th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Tuesday, June 10th. CLEAR Secure's dividend payout ratio (DPR) is 31.25%.

Wall Street Analyst Weigh In

YOU has been the subject of several research analyst reports. Wall Street Zen upgraded shares of CLEAR Secure from a "hold" rating to a "buy" rating in a research report on Saturday. Needham & Company LLC reissued a "buy" rating and set a $45.00 price objective on shares of CLEAR Secure in a research report on Monday, March 24th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $32.00 target price on shares of CLEAR Secure in a report on Friday, May 9th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.

Insider Activity at CLEAR Secure

In other CLEAR Secure news, Director Kenneth L. Cornick sold 228,374 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $25.54, for a total value of $5,832,671.96. Following the sale, the director owned 149,093 shares of the company's stock, valued at approximately $3,807,835.22. This represents a 60.50% decrease in their ownership of the stock. 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 3,000 shares of CLEAR Secure stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $27.50, for a total value of $82,500.00. Following the transaction, the director owned 212,634 shares of the company's stock, valued at $5,847,435. This represents a 1.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 960,964 shares of company stock worth $24,238,299 in the last three months. Corporate insiders own 39.73% of the company's stock.

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.