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

Key Points

• Copeland Capital Management increased its CLEAR Secure stake by 4.7% in the third quarter, bringing its holdings to 1.76 million shares valued at approximately $73.9 million. Institutional investors own 73.8% of the company.
• CLEAR Secure reported quarterly EPS of $0.49, exceeding estimates of $0.40, while revenue rose 26.6% year over year to $277.76 million. The company also declared a quarterly dividend of $0.15, representing a 1.4% annualized yield.
• Analyst sentiment is mixed: the stock has an average “Hold” rating and a $58.29 price target, while shares recently opened at $43.43. Insiders sold 18,047 shares worth about $808,615 over the past three months, primarily through pre-arranged plans.

Copeland Capital Management LLC lifted its holdings in shares of CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 4.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,761,051 shares of the company's stock after purchasing an additional 78,553 shares during the quarter. CLEAR Secure accounts for approximately 1.7% of Copeland Capital Management LLC's portfolio, making the stock its 10th largest position. Copeland Capital Management LLC owned about 1.30% of CLEAR Secure worth $73,876,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Gainplan LLC bought a new position in CLEAR Secure in the third quarter valued at $841,000. Congress Asset Management Co. purchased a new stake in CLEAR Secure during the third quarter valued at about $78,843,000. Tidal Investments LLC raised its position in CLEAR Secure by 109.4% during the second quarter. Tidal Investments LLC now owns 30,221 shares of the company's stock valued at $1,684,000 after purchasing an additional 15,792 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in CLEAR Secure during the second quarter worth about $176,000. Finally, NewEdge Advisors LLC lifted its stake in CLEAR Secure by 30.0% during the second quarter. NewEdge Advisors LLC now owns 21,708 shares of the company's stock worth $1,210,000 after purchasing an additional 5,006 shares during the last quarter. 73.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CLEAR Secure

In other CLEAR Secure news, President Michael Barkin sold 11,444 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $45.00, for a total transaction of $514,980.00. Following the sale, the president directly owned 11,550 shares in the company, valued at approximately $519,750. This trade represents a 49.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kyle McLaughlin sold 4,499 shares of CLEAR Secure stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $44.47, for a total value of $200,070.53. Following the completion of the sale, the executive vice president directly owned 29,519 shares of the company's stock, valued at approximately $1,312,709.93. The trade was 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. In the last three months, insiders have sold 18,047 shares of company stock worth $808,615. Insiders own 29.70% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on YOU. The Goldman Sachs Group set a $70.00 target price on CLEAR Secure in a report on Monday, July 20th. Wall Street Zen cut CLEAR Secure from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 5th. Zacks Research cut CLEAR Secure from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 6th. Needham & Company LLC reiterated a "buy" rating and issued a $70.00 price objective on shares of CLEAR Secure in a research report on Wednesday, October 7th. Finally, DA Davidson dropped their price objective on CLEAR Secure from $55.00 to $45.00 and set a "neutral" rating for the company in a research note on Friday, September 11th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, CLEAR Secure presently has an average rating of "Hold" and an average target price of $58.29.

CLEAR Secure Stock Up 2.3%

Shares of YOU stock opened at $43.43 on Wednesday. The stock has a market cap of $5.88 billion, a price-to-earnings ratio of 29.54 and a beta of 1.01. The business's fifty day moving average is $43.50 and its 200 day moving average is $50.61. CLEAR Secure, Inc. has a twelve month low of $29.97 and a twelve month high of $69.07.

CLEAR Secure (NYSE:YOU - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.49 EPS for the quarter, topping the consensus estimate 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 net margin of 14.78% and a return on equity of 71.51%. CLEAR Secure's quarterly revenue was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 earnings per share. Equities research analysts expect that CLEAR Secure, Inc. will post 1.88 earnings per share for the current fiscal year.

CLEAR Secure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $0.60 annualized dividend and a yield of 1.4%. CLEAR Secure's dividend payout ratio is 40.82%.

CLEAR Secure Profile

CLEAR Secure, Inc NYSE: YOU operates a secure identity platform designed to help people verify who they are and move through airports, venues and other locations more efficiently. Its technology uses biometric authentication, including facial and fingerprint recognition, alongside identity verification to provide secure, convenient access.

The company's primary consumer offering is CLEAR+, a membership service that allows enrolled members to use dedicated lanes at participating airports for identity verification before proceeding to security screening.

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