PDT Partners LLC Sells 88,274 Shares of CLEAR Secure, Inc. $YOU

Key Points

• PDT Partners LLC has decreased its holdings in CLEAR Secure, Inc. (NYSE: YOU) by 57.1%, owning 66,398 shares after selling 88,274 shares, valued at approximately $1.72 million.
• Durable Capital Partners LP made a significant investment in CLEAR Secure, acquiring a new stake valued at approximately $76.67 million during the same period.
• CLEAR Secure recently reported a quarterly earnings per share of $0.26, exceeding analyst estimates and achieving a year-over-year revenue increase of 17.6% to $219.47 million.

PDT Partners LLC lessened its holdings in shares of CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 57.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 66,398 shares of the company's stock after selling 88,274 shares during the period. PDT Partners LLC's holdings in CLEAR Secure were worth $1,720,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Harbor Investment Advisory LLC acquired a new stake in CLEAR Secure during the 1st quarter worth $27,000. Fifth Third Bancorp grew its holdings 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 acquiring an additional 764 shares during the period. First Horizon Advisors Inc. boosted its position in shares of CLEAR Secure by 72.0% during the first quarter. First Horizon Advisors Inc. now owns 1,474 shares of the company's stock worth $38,000 after purchasing an additional 617 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of CLEAR Secure during the first quarter worth $41,000. Finally, Twin Tree Management LP bought a new position in shares of CLEAR Secure during the first quarter worth $49,000. Institutional investors and hedge funds own 73.80% of the company's stock.

CLEAR Secure Stock Down 1.7%

YOU traded down $0.60 during trading on Friday, hitting $34.93. The company had a trading volume of 1,026,645 shares, compared to its average volume of 1,496,747. The company has a market capitalization of $4.64 billion, a PE ratio of 21.83 and a beta of 1.27. CLEAR Secure, Inc. has a one year low of $21.67 and a one year high of $38.88. The firm's 50-day moving average price is $31.80 and its 200 day moving average price is $27.55.

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

CLEAR Secure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 10th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, September 10th. CLEAR Secure's payout ratio is currently 31.25%.

Insider Activity at CLEAR Secure

In other CLEAR Secure news, CAO Dennis W. Liu sold 2,027 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $36.00, for a total transaction of $72,972.00. Following the sale, the chief accounting officer directly owned 11,896 shares of the company's stock, valued at $428,256. The trade was a 14.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Adam Wiener sold 6,000 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $35.00, for a total transaction of $210,000.00. Following the sale, the director directly owned 201,634 shares in the company, valued at $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. In the last ninety days, insiders have sold 61,027 shares of company stock valued at $2,043,243. 39.73% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

YOU has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted 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. Wall Street Zen raised shares of CLEAR Secure from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Zacks Research raised shares of CLEAR Secure from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 29th. Wells Fargo & Company lifted 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. Finally, Telsey Advisory Group lifted 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. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $33.00.

About CLEAR Secure

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.