CLEAR Secure, Inc. $YOU Shares Sold by Bank of America Corp DE

Bank of America Corp DE lowered its holdings in CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 15.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 728,052 shares of the company's stock after selling 137,309 shares during the quarter. Bank of America Corp DE owned 0.55% of CLEAR Secure worth $35,245,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its position in shares of CLEAR Secure by 329.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company's stock worth $25,000 after acquiring an additional 748 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in shares of CLEAR Secure in the 1st quarter valued at $28,000. Caitong International Asset Management Co. Ltd boosted its position in shares of CLEAR Secure by 249.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 867 shares of the company's stock valued at $30,000 after purchasing an additional 619 shares during the period. Parallel Advisors LLC grew its position in shares of CLEAR Secure by 2,283.3% during the first quarter. Parallel Advisors LLC now owns 715 shares of the company's stock worth $35,000 after acquiring an additional 685 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in shares of CLEAR Secure by 118.8% in the 4th quarter. Allworth Financial LP now owns 1,022 shares of the company's stock valued at $36,000 after acquiring an additional 555 shares during the period. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Kyle Mclaughlin sold 8,000 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $56.20, for a total transaction of $449,600.00. Following the completion of the sale, the executive vice president owned 29,519 shares in the company, valued at approximately $1,658,967.80. This represents a 21.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Michael Z. Barkin sold 11,550 shares of CLEAR Secure stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $56.29, for a total value of $650,149.50. Following the transaction, the president owned 22,994 shares in the company, valued at $1,294,332.26. This represents a 33.44% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 29.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Telsey Advisory Group increased their price objective on CLEAR Secure from $62.00 to $68.00 and gave the stock an "outperform" rating in a research report on Thursday, May 7th. Wall Street Zen upgraded shares of CLEAR Secure from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Stifel Nicolaus set a $60.00 price objective on CLEAR Secure in a research report on Thursday, May 7th. The Goldman Sachs Group set a $70.00 price objective on shares of CLEAR Secure in a research note on Monday, July 20th. Finally, DA Davidson lowered their target price on shares of CLEAR Secure from $60.00 to $55.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 28th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $58.57.

CLEAR Secure Stock Performance

NYSE:YOU opened at $45.33 on Friday. The stock has a market cap of $6.04 billion, a price-to-earnings ratio of 30.84 and a beta of 1.06. The business's 50-day simple moving average is $53.34 and its 200 day simple moving average is $49.96. CLEAR Secure, Inc. has a one year low of $29.43 and a one year high of $69.07.

CLEAR Secure (NYSE:YOU - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.09. The firm had revenue of $277.76 million during 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%.CLEAR Secure's quarterly revenue was up 26.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.26 earnings per share. On average, equities research analysts predict that CLEAR Secure, Inc. will post 1.71 EPS for the current year.

CLEAR Secure Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, September 10th. CLEAR Secure's payout ratio is presently 40.82%.

About CLEAR Secure

CLEAR Secure, Inc operates a biometric identity platform designed to expedite identity verification for air travelers and venue guests. The company’s core offering is the CLEAR membership service, which uses fingerprint and iris scans to confirm a member’s identity and provide access to dedicated security lanes at participating airports. Members link government-issued IDs and personal biometric data via the CLEAR app, enabling faster processing through Transportation Security Administration (TSA) checkpoints and select event entrances.

Founded in 2010 by Caryn Seidman‐Becker and Ken Cornick, CLEAR is headquartered in New York City.

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