Wellington Management Group LLP Has $60.79 Million Stake in CLEAR Secure, Inc. $YOU

Key Points

• Wellington Management Group LLP decreased its stake in CLEAR Secure by 29.4% during the first quarter, now holding around 1.71% of the company, valued at approximately $60.79 million.
• CLEAR Secure's latest quarterly earnings exceeded expectations, reporting an EPS of $0.26 compared to estimates of $0.23, alongside a revenue increase of 17.6% year-over-year.
• The company announced a quarterly dividend of $0.125 per share, scheduled for payment on September 17th, reflecting an annualized yield of 1.4%.

Wellington Management Group LLP cut its position in CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 29.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,346,214 shares of the company's stock after selling 976,300 shares during the quarter. Wellington Management Group LLP owned approximately 1.71% of CLEAR Secure worth $60,790,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of YOU. Nuveen LLC acquired a new position in CLEAR Secure in the 1st quarter valued at $30,862,000. Copeland Capital Management LLC grew its position in CLEAR Secure by 71.4% in the 1st quarter. Copeland Capital Management LLC now owns 1,976,459 shares of the company's stock worth $51,210,000 after purchasing an additional 823,166 shares during the last quarter. Ribbit Management Company LLC acquired a new stake in CLEAR Secure in the 4th quarter worth $14,598,000. Castellan Group acquired a new stake in CLEAR Secure in the 1st quarter worth $12,342,000. Finally, Jefferies Financial Group Inc. grew its position in CLEAR Secure by 2,000.1% in the 1st quarter. Jefferies Financial Group Inc. now owns 450,297 shares of the company's stock worth $11,667,000 after purchasing an additional 428,855 shares during the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

YOU has been the topic of several research analyst reports. Wells Fargo & Company raised their price target on shares of CLEAR Secure from $23.00 to $25.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 6th. Stifel Nicolaus raised their price target on shares of CLEAR Secure from $26.00 to $28.00 and gave the stock a "hold" rating in a research report on Tuesday, July 29th. The Goldman Sachs Group raised their price target on shares of CLEAR Secure from $33.00 to $37.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Telsey Advisory Group raised their price target on shares of CLEAR Secure from $32.00 to $37.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen lowered shares of CLEAR Secure from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, CLEAR Secure currently has an average rating of "Hold" and an average target price of $33.00.

Insider Buying and Selling at CLEAR Secure

In other CLEAR Secure news, President Michael Z. Barkin sold 20,000 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $32.81, for a total value of $656,200.00. Following the transaction, the president directly owned 12,725 shares in the company, valued at $417,507.25. The trade was a 61.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Adam Wiener sold 6,000 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $35.00, for a total transaction of $210,000.00. Following the completion of the transaction, the director owned 201,634 shares in the company, valued at approximately $7,057,190. This trade represents a 2.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 61,027 shares of company stock worth $2,043,243 over the last ninety days. Corporate insiders own 39.73% of the company's stock.

CLEAR Secure Stock Performance

Shares of NYSE:YOU traded up $0.60 during midday trading on Thursday, reaching $37.15. 437,490 shares of the company's stock were exchanged, compared to its average volume of 1,925,465. The firm has a market capitalization of $4.94 billion, a PE ratio of 23.17 and a beta of 1.25. CLEAR Secure, Inc. has a 12 month low of $21.67 and a 12 month high of $38.88. The company's 50 day simple moving average is $30.45 and its two-hundred day simple moving average is $26.93.

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

CLEAR Secure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 10th will be given a $0.125 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.3%. CLEAR Secure's payout ratio is 31.25%.

CLEAR Secure Company Profile

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.