Connor Clark & Lunn Investment Management Ltd. Has $1.28 Million Stake in CLEAR Secure, Inc. $YOU

Key Points

• Connor Clark & Lunn Investment Management Ltd. reduced its stake in CLEAR Secure, Inc. by 57.9%, now holding 49,553 shares valued at $1.28 million after selling 68,141 shares in the first quarter.
• CLEAR Secure reported a 17.6% increase in revenue year-over-year, with earnings per share at $0.26, surpassing expectations by $0.03.
• The company announced a quarterly dividend of $0.125 per share, which equates to an annualized yield of 1.5%.

Connor Clark & Lunn Investment Management Ltd. lessened its stake in CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 57.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,553 shares of the company's stock after selling 68,141 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in CLEAR Secure were worth $1,284,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Harbor Investment Advisory LLC acquired a new stake in CLEAR Secure during the first quarter worth about $27,000. Fifth Third Bancorp increased its position in CLEAR Secure by 217.0% during the 1st quarter. Fifth Third Bancorp now owns 1,116 shares of the company's stock worth $29,000 after purchasing an additional 764 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in CLEAR Secure by 72.0% in the first quarter. First Horizon Advisors Inc. now owns 1,474 shares of the company's stock valued at $38,000 after buying an additional 617 shares during the period. Natixis acquired a new position in CLEAR Secure during the fourth quarter valued at approximately $73,000. Finally, NewEdge Advisors LLC purchased a new stake in CLEAR Secure during the fourth quarter worth approximately $74,000. 73.80% of the stock is currently owned by institutional investors and hedge funds.

CLEAR Secure Price Performance

YOU traded down $0.11 on Wednesday, reaching $33.89. 816,847 shares of the company traded hands, compared to its average volume of 1,934,520. CLEAR Secure, Inc. has a 52-week low of $21.67 and a 52-week high of $38.88. The stock's 50 day moving average price is $29.16 and its 200-day moving average price is $26.44. The company has a market cap of $4.50 billion, a price-to-earnings ratio of 21.16 and a beta of 1.25.

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

CLEAR Secure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 10th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.5%. CLEAR Secure's dividend payout ratio is 31.25%.

Insider Activity at CLEAR Secure

In other CLEAR Secure news, CAO Dennis W. Liu sold 5,000 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $33.60, for a total value of $168,000.00. Following the transaction, the chief accounting officer owned 13,923 shares of the company's stock, valued at approximately $467,812.80. The trade was a 26.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kenneth L. Cornick sold 228,374 shares of the business's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $25.54, for a total transaction of $5,832,671.96. Following the completion of the transaction, the director directly 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 disclosure for this sale can be found here. Insiders have sold a total of 261,374 shares of company stock worth $6,889,372 in the last three months. Corporate insiders own 39.73% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group increased their target price on CLEAR Secure from $33.00 to $37.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Wall Street Zen downgraded CLEAR Secure from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Stifel Nicolaus increased their target price on CLEAR Secure from $26.00 to $28.00 and gave the stock a "hold" rating in a report on Tuesday, July 29th. Telsey Advisory Group raised their price objective on CLEAR Secure from $32.00 to $37.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. Finally, Wells Fargo & Company boosted their target price on shares of CLEAR Secure from $23.00 to $25.00 and gave the company an "underweight" rating in a research note on Wednesday, August 6th. Three investment 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. Based on data from MarketBeat, CLEAR Secure has an average rating of "Hold" and a consensus price target of $33.00.

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.