Iridian Asset Management LLC CT Has $4.80 Million Stock Holdings in Clear Secure, Inc. (NYSE:YOU)

Iridian Asset Management LLC CT grew its holdings in Clear Secure, Inc. (NYSE:YOU - Free Report) by 9.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 180,175 shares of the company's stock after purchasing an additional 15,603 shares during the period. Clear Secure comprises 1.3% of Iridian Asset Management LLC CT's portfolio, making the stock its 26th largest holding. Iridian Asset Management LLC CT owned about 0.13% of Clear Secure worth $4,800,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in YOU. FMR LLC raised its position in shares of Clear Secure by 30.6% in the third quarter. FMR LLC now owns 6,598,424 shares of the company's stock valued at $218,672,000 after purchasing an additional 1,547,692 shares during the period. State Street Corp boosted its holdings in Clear Secure by 64.1% during the third quarter. State Street Corp now owns 3,360,945 shares of the company's stock valued at $111,381,000 after acquiring an additional 1,312,419 shares during the period. Pacer Advisors Inc. grew its position in shares of Clear Secure by 24,161.2% in the fourth quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company's stock valued at $81,300,000 after purchasing an additional 3,039,236 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Clear Secure by 6.4% in the third quarter. Geode Capital Management LLC now owns 2,346,854 shares of the company's stock worth $77,788,000 after purchasing an additional 141,208 shares during the period. Finally, Wellington Management Group LLP acquired a new position in shares of Clear Secure during the 3rd quarter worth about $62,950,000. 73.80% of the stock is owned by hedge funds and other institutional investors.

Clear Secure Stock Up 0.2 %

YOU stock traded up $0.04 during midday trading on Tuesday, reaching $23.04. 520,272 shares of the company's stock traded hands, compared to its average volume of 1,499,220. The company has a 50-day simple moving average of $25.83 and a two-hundred day simple moving average of $28.44. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 26.80 and a beta of 1.38. Clear Secure, Inc. has a 1-year low of $16.05 and a 1-year high of $38.88.

Analyst Ratings Changes

A number of research firms have issued reports on YOU. Stifel Nicolaus raised their target price on Clear Secure from $24.00 to $32.00 and gave the company a "hold" rating in a report on Monday, October 28th. Telsey Advisory Group upped their target price on shares of Clear Secure from $34.00 to $42.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Needham & Company LLC restated a "buy" rating and set a $45.00 price objective on shares of Clear Secure in a report on Monday, December 16th. Finally, Wedbush reaffirmed a "neutral" rating and set a $26.00 price objective (up previously from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Clear Secure presently has a consensus rating of "Moderate Buy" and an average target price of $35.20.

Clear Secure 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.