Durable Capital Partners LP Buys Shares of 2,959,190 CLEAR Secure, Inc. $YOU

Key Points

• Durable Capital Partners LP acquired a new stake in CLEAR Secure, purchasing approximately 2.96 million shares valued at around $76.67 million, representing 2.16% ownership of the company.
• Analysts have raised their price targets for CLEAR Secure, with Wells Fargo increasing it from $23.00 to $25.00, while Telsey Advisory Group raised it from $32.00 to $37.00, indicating strong positive sentiment towards the stock.
• CLEAR Secure reported quarterly earnings of $0.26 per share, exceeding expectations, with revenue up 17.6% year-over-year, highlighting ongoing growth in the company's performance.

Durable Capital Partners LP acquired a new position in shares of CLEAR Secure, Inc. (NYSE:YOU - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,959,190 shares of the company's stock, valued at approximately $76,673,000. Durable Capital Partners LP owned about 2.16% of CLEAR Secure at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Royal Bank of Canada boosted its position in shares of CLEAR Secure by 59.7% during the 1st quarter. Royal Bank of Canada now owns 271,498 shares of the company's stock valued at $7,034,000 after purchasing an additional 101,476 shares in the last quarter. Quarry LP boosted its position in shares of CLEAR Secure by 2,124.0% during the 1st quarter. Quarry LP now owns 2,869 shares of the company's stock valued at $74,000 after purchasing an additional 2,740 shares in the last quarter. Nomura Holdings Inc. bought a new stake in shares of CLEAR Secure during the 1st quarter valued at about $777,000. Twin Tree Management LP bought a new stake in shares of CLEAR Secure during the 1st quarter valued at about $49,000. Finally, Panagora Asset Management Inc. boosted its position in shares of CLEAR Secure by 1.6% during the 1st quarter. Panagora Asset Management Inc. now owns 277,114 shares of the company's stock valued at $7,180,000 after purchasing an additional 4,255 shares in the last quarter. Institutional investors own 73.80% of the company's stock.

Insider Activity at CLEAR Secure

In related news, Director Adam Wiener sold 6,000 shares of CLEAR Secure stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $35.00, for a total transaction of $210,000.00. Following the transaction, the director owned 201,634 shares of the company's stock, valued at $7,057,190. The trade was a 2.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Michael Z. Barkin sold 20,000 shares of CLEAR Secure stock in a transaction that occurred on 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 approximately $417,507.25. The trade was a 61.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 61,027 shares of company stock valued at $2,043,243 over the last 90 days. Insiders own 39.73% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on YOU. Stifel Nicolaus upped their target price on CLEAR Secure from $26.00 to $28.00 and gave the company a "hold" rating in a research report on Tuesday, July 29th. Wall Street Zen upgraded CLEAR Secure from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Telsey Advisory Group upped their target price on CLEAR Secure from $32.00 to $37.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Wells Fargo & Company upped their price target on CLEAR Secure from $23.00 to $25.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 6th. Finally, The Goldman Sachs Group upped their price target on CLEAR Secure from $33.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $33.00.

CLEAR Secure Trading Down 1.7%

Shares of NYSE:YOU traded down $0.60 during mid-day trading on Friday, hitting $34.93. 1,026,645 shares of the company traded hands, compared to its average volume of 1,496,747. The stock has a market cap of $4.64 billion, a P/E ratio of 21.83 and a beta of 1.27. CLEAR Secure, Inc. has a 12-month low of $21.67 and a 12-month high of $38.88. The stock has a 50-day moving average price of $31.80 and a two-hundred day moving average price of $27.55.

CLEAR Secure (NYSE:YOU - Get Free Report) last announced its 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. The company had revenue of $219.47 million for the quarter, compared to analysts' expectations of $214.90 million. CLEAR Secure had a return on equity of 122.69% and a net margin of 21.17%.CLEAR Secure's quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.34 earnings per share. CLEAR Secure has set its Q3 2025 guidance at EPS. As a group, analysts expect that CLEAR Secure, Inc. will post 0.98 earnings per share for the current year.

CLEAR Secure Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 10th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.4%. CLEAR Secure's payout ratio is presently 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.