XTX Topco Ltd Makes New $728,000 Investment in CLEAR Secure, Inc. (NYSE:YOU)

Key Points

• XTX Topco Ltd has made a new investment in CLEAR Secure, Inc. by acquiring 28,103 shares valued at approximately $728,000.
• CLEAR Secure's recent earnings report revealed an EPS of $0.26, missing analysts' expectations, but demonstrating a 18.1% increase in quarterly revenue year-over-year.
• Institutional investors hold 73.80% of the company's stock, with notable increases in stakes by various investment firms during the first quarter.

XTX Topco Ltd bought a new stake in shares of CLEAR Secure, Inc. (NYSE:YOU - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 28,103 shares of the company's stock, valued at approximately $728,000.

Other large investors also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. raised its holdings in CLEAR Secure by 0.8% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 62,763 shares of the company's stock worth $1,626,000 after buying an additional 481 shares during the period. First Horizon Advisors Inc. grew its stake in shares of 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 in the last quarter. Fifth Third Bancorp grew its stake in shares of CLEAR Secure by 217.0% in the first quarter. Fifth Third Bancorp now owns 1,116 shares of the company's stock valued at $29,000 after buying an additional 764 shares in the last quarter. Harbor Investment Advisory LLC bought a new position in shares of CLEAR Secure in the first quarter valued at $27,000. Finally, Tidal Investments LLC boosted its position in CLEAR Secure by 3.5% during the fourth quarter. Tidal Investments LLC now owns 32,057 shares of the company's stock worth $854,000 after purchasing an additional 1,098 shares during the period. 73.80% of the stock is currently owned by institutional investors and hedge funds.

CLEAR Secure Stock Performance

YOU opened at $30.16 on Tuesday. CLEAR Secure, Inc. has a fifty-two week low of $18.23 and a fifty-two week high of $38.88. The company has a market capitalization of $4.01 billion, a P/E ratio of 18.85 and a beta of 1.25. The stock has a fifty day moving average of $27.49 and a 200-day moving average of $25.79.

CLEAR Secure (NYSE:YOU - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.04). CLEAR Secure had a return on equity of 115.09% and a net margin of 21.96%. The firm had revenue of $211.40 million for the quarter, compared to analyst estimates of $208.02 million. During the same period in the prior year, the business posted $0.28 EPS. The firm's quarterly revenue was up 18.1% compared to the same quarter last year. On average, equities research analysts predict that CLEAR Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wall Street Zen cut shares of CLEAR Secure from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Stifel Nicolaus lifted their price objective on shares of CLEAR Secure from $26.00 to $28.00 and gave the stock a "hold" rating in a research report on Tuesday, July 29th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $32.00 price objective on shares of CLEAR Secure in a research report on Wednesday, July 30th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $32.40.

Insider Transactions at CLEAR Secure

In related news, Director Adam Wiener sold 5,000 shares of the business's stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $30.00, for a total value of $150,000.00. Following the completion of the transaction, the director owned 207,634 shares of the company's stock, valued at $6,229,020. The trade was a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kenneth L. Cornick sold 315,591 shares of the business's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $25.02, for a total value of $7,896,086.82. Following the transaction, the director directly owned 64,935 shares of the company's stock, valued at approximately $1,624,673.70. The trade was a 82.94% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 965,964 shares of company stock valued at $24,388,299. 39.73% of the stock is owned by insiders.

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.

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