Iridian Asset Management LLC CT Has $4.35 Million Stake in CLEAR Secure, Inc. (NYSE:YOU)

Iridian Asset Management LLC CT trimmed its holdings in shares of CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 6.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 167,737 shares of the company's stock after selling 12,438 shares during the quarter. CLEAR Secure comprises 1.4% of Iridian Asset Management LLC CT's portfolio, making the stock its 23rd biggest holding. Iridian Asset Management LLC CT owned 0.12% of CLEAR Secure worth $4,346,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its holdings in CLEAR Secure by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 918,367 shares of the company's stock valued at $24,465,000 after acquiring an additional 46,213 shares during the period. Victory Capital Management Inc. boosted its holdings in CLEAR Secure by 65.0% during the fourth quarter. Victory Capital Management Inc. now owns 738,393 shares of the company's stock valued at $19,671,000 after acquiring an additional 290,749 shares during the period. Raymond James Financial Inc. bought a new stake in CLEAR Secure during the fourth quarter valued at about $1,695,000. PNC Financial Services Group Inc. boosted its holdings in CLEAR Secure by 20.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,249 shares of the company's stock valued at $273,000 after acquiring an additional 1,711 shares during the period. Finally, Clare Market Investments LLC bought a new stake in CLEAR Secure during the fourth quarter valued at about $334,000. 73.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

YOU has been the subject of several research reports. Needham & Company LLC reiterated a "buy" rating and issued a $45.00 target price on shares of CLEAR Secure in a research note on Monday, March 24th. Telsey Advisory Group reiterated an "outperform" rating and issued a $32.00 target price on shares of CLEAR Secure in a research note on Friday, May 9th. Finally, Wall Street Zen upgraded shares of CLEAR Secure from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $32.00.

CLEAR Secure Trading Down 2.4%

NYSE:YOU traded down $0.70 during mid-day trading on Friday, hitting $28.39. The company's stock had a trading volume of 1,256,035 shares, compared to its average volume of 2,073,687. CLEAR Secure, Inc. has a fifty-two week low of $18.23 and a fifty-two week high of $38.88. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 17.74 and a beta of 1.25. The stock has a fifty day moving average of $25.93 and a 200-day moving average of $25.45.

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

CLEAR Secure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 10th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend was Tuesday, June 10th. CLEAR Secure's dividend payout ratio (DPR) is presently 31.25%.

Insider Activity

In other news, Director Adam Wiener sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $27.50, for a total transaction of $82,500.00. Following the completion of the sale, the director owned 212,634 shares of the company's stock, valued at approximately $5,847,435. This trade represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kenneth L. Cornick sold 315,591 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $25.02, for a total transaction of $7,896,086.82. Following the sale, the director directly owned 64,935 shares of the company's stock, valued at approximately $1,624,673.70. The trade was a 82.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold 960,964 shares of company stock valued at $24,238,299 in the last three months. Company 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.