Healthcare of Ontario Pension Plan Trust Fund Buys 75,639 Shares of CLEAR Secure, Inc. $YOU

Key Points

• Healthcare of Ontario Pension Plan Trust Fund increased its CLEAR Secure stake by 245.7%, buying 75,639 shares to hold 106,419 shares worth approximately $5.15 million. Institutional investors collectively own 73.8% of the company.
• CLEAR Secure reported quarterly earnings of $0.38 per share, topping estimates of $0.35, while revenue rose 19.7% year over year to $253 million. The company also declared a quarterly dividend of $0.15 per share, equivalent to a 1.0% annual yield.
• Shares opened at $58.38, near the analyst consensus target of $58.57. Analyst sentiment remains mixed, with five Buy, three Hold, and one Sell rating, while insiders have sold nearly $1.36 million of stock over the past 90 days.

Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 245.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 106,419 shares of the company's stock after purchasing an additional 75,639 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 0.08% of CLEAR Secure worth $5,152,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership increased its position in shares of CLEAR Secure by 0.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,680,942 shares of the company's stock valued at $129,784,000 after buying an additional 8,883 shares during the period. Caxton Associates LLP purchased a new position in CLEAR Secure during the first quarter valued at approximately $308,000. Sei Investments Co. grew its stake in CLEAR Secure by 32.9% during the first quarter. Sei Investments Co. now owns 349,368 shares of the company's stock valued at $16,913,000 after acquiring an additional 86,430 shares in the last quarter. State of Wyoming bought a new stake in CLEAR Secure during the 1st quarter worth approximately $457,000. Finally, Aureus Asset Management LLC purchased a new stake in CLEAR Secure in the 1st quarter worth approximately $263,000. Institutional investors own 73.80% of the company's stock.

Insider Buying and Selling at CLEAR Secure

In other CLEAR Secure news, insider Jonathan Schlegel sold 4,412 shares of CLEAR Secure stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $59.02, for a total transaction of $260,396.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kyle Mclaughlin sold 8,000 shares of the company's stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $56.20, for a total value of $449,600.00. Following the completion of the transaction, the executive vice president owned 29,519 shares of the company's stock, valued at $1,658,967.80. The trade was a 21.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 23,962 shares of company stock worth $1,360,146 over the last 90 days. Corporate insiders own 29.70% of the company's stock.

CLEAR Secure Price Performance

YOU stock opened at $58.38 on Thursday. The firm has a 50 day simple moving average of $54.77 and a two-hundred day simple moving average of $48.65. The stock has a market cap of $7.78 billion, a PE ratio of 47.08 and a beta of 1.08. CLEAR Secure, Inc. has a one year low of $28.39 and a one year high of $62.73.

CLEAR Secure (NYSE:YOU - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.03. CLEAR Secure had a net margin of 13.01% and a return on equity of 68.98%. The firm had revenue of $253.00 million for the quarter, compared to analysts' expectations of $244.38 million. During the same quarter last year, the company posted $0.26 EPS. The business's quarterly revenue was up 19.7% on a year-over-year basis. On average, research analysts expect that CLEAR Secure, Inc. will post 1.61 EPS for the current fiscal year.

CLEAR Secure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, June 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. CLEAR Secure's dividend payout ratio (DPR) is presently 48.39%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on YOU shares. DA Davidson cut their price target on shares of CLEAR Secure from $60.00 to $55.00 and set a "neutral" rating for the company in a report on Tuesday. Zacks Research downgraded CLEAR Secure from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 6th. Weiss Ratings raised CLEAR Secure from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, May 15th. Stifel Nicolaus set a $60.00 target price on CLEAR Secure in a research report on Thursday, May 7th. Finally, Needham & Company LLC upped their target price on CLEAR Secure from $60.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, May 6th. 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 stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $58.57.

CLEAR Secure Company Profile

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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