Alclear Investments Ii, Llc Sells 150,000 Shares of Clear Secure, Inc. (NYSE:YOU) Stock

Clear Secure, Inc. (NYSE:YOU) Director Alclear Investments Ii, Llc sold 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $33.04, for a total transaction of $4,956,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Alclear Investments Ii, Llc also recently made the following trade(s):

• On Monday, September 16th, Alclear Investments Ii, Llc sold 122,579 shares of Clear Secure stock. The shares were sold at an average price of $31.04, for a total value of $3,804,852.16.
• On Monday, September 9th, Alclear Investments Ii, Llc sold 227,021 shares of Clear Secure stock. The shares were sold at an average price of $31.05, for a total value of $7,049,002.05.

Clear Secure Stock Down 0.1 %

Clear Secure stock traded down $0.02 during midday trading on Friday, reaching $32.85. The stock had a trading volume of 17,915,713 shares, compared to its average volume of 1,687,477. The company has a fifty day moving average of $25.99 and a 200 day moving average of $21.16. Clear Secure, Inc. has a 52-week low of $15.28 and a 52-week high of $33.85. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 58.54 and a beta of 1.65.

Clear Secure (NYSE:YOU) last issued its earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. The business had revenue of $186.75 million during the quarter, compared to analyst estimates of $183.78 million. Clear Secure had a return on equity of 35.33% and a net margin of 10.36%. Clear Secure’s revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.05 EPS. Equities research analysts predict that Clear Secure, Inc. will post 1.01 EPS for the current year.

Clear Secure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 10th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Tuesday, September 10th. Clear Secure’s dividend payout ratio is currently 71.43%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Janus Henderson Group PLC grew its position in Clear Secure by 232.1% during the first quarter. Janus Henderson Group PLC now owns 115,282 shares of the company’s stock valued at $2,452,000 after buying an additional 80,569 shares during the period. Nordea Investment Management AB lifted its holdings in Clear Secure by 425.7% in the first quarter. Nordea Investment Management AB now owns 239,440 shares of the company’s stock valued at $5,129,000 after acquiring an additional 193,889 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of Clear Secure in the 4th quarter valued at $896,000. Cornerstone Wealth Management LLC purchased a new position in Clear Secure during the second quarter worth about $840,000. Finally, Vanguard Group Inc. increased its holdings in Clear Secure by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 9,460,663 shares of the company’s stock valued at $195,363,000 after purchasing an additional 211,214 shares during the last quarter. 73.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on YOU. The Goldman Sachs Group lifted their price target on shares of Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of Clear Secure in a research note on Wednesday, August 7th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $34.00 target price on shares of Clear Secure in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $29.20.

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.