Wellington Management Group LLP Sells 1,078,157 Shares of CLEAR Secure, Inc. $YOU

Key Points

• Wellington Management cut its CLEAR Secure stake by 65.7%, selling 1,078,157 shares in the second quarter and retaining 562,803 shares worth approximately $31.4 million.
• Institutional investors still own a substantial 73.8% of CLEAR Secure, with Durable Capital Partners more than doubling its position by adding about 4.5 million shares.
• CLEAR Secure exceeded quarterly expectations, reporting EPS of $0.49 versus $0.40 expected and revenue growth of 26.6% to $277.76 million. Despite a $0.15 quarterly dividend, analyst sentiment remains mixed at a consensus “Hold” rating with a $59.71 price target.

Wellington Management Group LLP cut its holdings in shares of CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 65.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 562,803 shares of the company's stock after selling 1,078,157 shares during the period. Wellington Management Group LLP owned 0.42% of CLEAR Secure worth $31,365,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in YOU. Durable Capital Partners LP lifted its position in CLEAR Secure by 153.1% during the second quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company's stock valued at $207,932,000 after acquiring an additional 4,531,161 shares during the last quarter. State Street Corp lifted its stake in shares of CLEAR Secure by 1.8% during the fourth quarter. State Street Corp now owns 3,312,235 shares of the company's stock worth $116,193,000 after buying an additional 59,067 shares during the period. Morgan Stanley increased its holdings in shares of CLEAR Secure by 6.0% in the fourth quarter. Morgan Stanley now owns 2,696,837 shares of the company's stock valued at $94,605,000 after purchasing an additional 152,074 shares during the period. Arrowstreet Capital Limited Partnership raised its position in CLEAR Secure by 0.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,680,942 shares of the company's stock worth $129,784,000 after buying an additional 8,883 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of CLEAR Secure by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 2,453,137 shares of the company's stock worth $86,069,000 after purchasing an additional 20,419 shares during the last quarter. Hedge funds and other institutional investors own 73.80% of the company's stock.

Key Stories Impacting CLEAR Secure

Here are the key news stories impacting CLEAR Secure this week:

• Positive Sentiment: CLEAR Secure recently announced a quarterly dividend of $0.15 per share, equivalent to $0.60 annually and a yield of approximately 1.3%. The dividend may provide some support for income-focused investors. CLEAR Secure dividend and insider trading report
• Positive Sentiment: Institutional ownership remains high at 73.8%, while several funds increased their positions during the second quarter. California State Teachers’ Retirement System reported a particularly significant increase, adding more than 5.3 million shares.
• Positive Sentiment: The company’s latest quarterly results were stronger than expected: earnings per share reached $0.49 versus a $0.40 consensus estimate, while revenue rose 26.6% year over year to $277.76 million, above expectations.
• Neutral Sentiment: Analyst sentiment is mixed but currently averages a “Hold” rating. Five analysts rate the stock Buy, three rate it Hold and one rates it Sell. The consensus price target is $59.71, above recent trading levels, although DA Davidson recently lowered its target to $55 and retained a Neutral rating. CLEAR Secure analyst consensus report
• Negative Sentiment: Multiple executives sold shares totaling roughly $1.21 million. President Michael Barkin sold 11,444 shares, reducing his position by nearly 50%; EVP Kyle McLaughlin sold 4,499 shares; CAO Dennis Liu sold 2,104 shares; and another vice president sold 9,192 shares, or 31% of that executive’s prior stake. The Liu, McLaughlin and Barkin transactions were conducted under pre-arranged Rule 10b5-1 plans, with Liu’s sale specifically covering tax obligations, which makes the sales less concerning than discretionary selling but still creates short-term supply and sentiment pressure. CLEAR Secure executive share sales

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of CLEAR Secure in a research note on Monday, August 24th. They issued an "overweight" rating and a $55.00 target price for the company. The Goldman Sachs Group set a $70.00 price objective on shares of CLEAR Secure in a research report on Monday, July 20th. Wall Street Zen lowered CLEAR Secure from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Weiss Ratings lowered shares of CLEAR Secure from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, August 21st. Finally, Zacks Research downgraded CLEAR Secure from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 6th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $59.71.

Insider Buying and Selling

In other news, CAO Dennis W. Liu sold 2,104 shares of the firm's stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $44.47, for a total transaction of $93,564.88. Following the sale, the chief accounting officer owned 15,870 shares of the company's stock, valued at approximately $705,738.90. This trade represents a 11.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, President Michael Z. Barkin sold 11,444 shares of the firm's stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $45.00, for a total transaction of $514,980.00. Following the sale, the president directly owned 11,550 shares in the company, valued at approximately $519,750. The trade was a 49.77% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 18,047 shares of company stock worth $808,615 over the last 90 days. 29.70% of the stock is owned by insiders.

CLEAR Secure Stock Down 1.1%

NYSE:YOU opened at $44.12 on Friday. The stock's fifty day moving average is $50.83 and its two-hundred day moving average is $51.12. CLEAR Secure, Inc. has a 52 week low of $29.43 and a 52 week high of $69.07. The stock has a market capitalization of $5.97 billion, a price-to-earnings ratio of 30.01 and a beta of 1.04.

CLEAR Secure (NYSE:YOU - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.09. The company had revenue of $277.76 million for the quarter, compared to analyst estimates of $269.71 million. CLEAR Secure had a net margin of 14.78% and a return on equity of 71.51%. The business's revenue for the quarter was up 26.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 earnings per share. On average, sell-side analysts expect that CLEAR Secure, Inc. will post 1.88 EPS for the current fiscal year.

CLEAR Secure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, September 10th. This represents a $0.60 annualized dividend and a yield of 1.4%. CLEAR Secure's dividend payout ratio is 40.82%.

About CLEAR Secure

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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