NBC Securities Inc. Buys Shares of 3,172 Clear Secure, Inc. (NYSE:YOU)

NBC Securities Inc. purchased a new stake in Clear Secure, Inc. (NYSE:YOU) during the third quarter, according to its most recent filing with the SEC. The firm purchased 3,172 shares of the company’s stock, valued at approximately $105,000.

Other large investors have also recently made changes to their positions in the company. Future Financial Wealth Managment LLC purchased a new position in Clear Secure in the third quarter valued at about $33,000. Montag A & Associates Inc. bought a new position in shares of Clear Secure during the 1st quarter worth approximately $26,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Clear Secure during the second quarter valued at approximately $26,000. Plato Investment Management Ltd boosted its stake in Clear Secure by 10,535.4% in the second quarter. Plato Investment Management Ltd now owns 5,105 shares of the company’s stock valued at $96,000 after acquiring an additional 5,057 shares in the last quarter. Finally, Quarry LP grew its holdings in Clear Secure by 406.1% in the second quarter. Quarry LP now owns 5,719 shares of the company’s stock worth $107,000 after purchasing an additional 4,589 shares during the last quarter. 73.80% of the stock is owned by institutional investors.

Insider Activity at Clear Secure

In other Clear Secure news, Director Alclear Investments Ii, Llc sold 150,000 shares of Clear Secure stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $34.08, for a total transaction of $5,112,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Kenneth L. Cornick sold 250,000 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $32.30, for a total transaction of $8,075,000.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Alclear Investments Ii, Llc sold 150,000 shares of the firm’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $34.08, for a total transaction of $5,112,000.00. The disclosure for this sale can be found here. Insiders sold 1,173,935 shares of company stock worth $36,826,532 over the last three months. Company insiders own 37.85% of the company’s stock.

Clear Secure Stock Performance

Shares of YOU opened at $36.05 on Friday. The stock has a 50-day moving average of $30.97 and a two-hundred day moving average of $23.10. The stock has a market cap of $5.22 billion, a P/E ratio of 64.38 and a beta of 1.65. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $37.90.

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

Clear Secure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 10th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, September 10th. This represents a $0.40 annualized dividend and a dividend yield of 1.11%. Clear Secure’s dividend payout ratio (DPR) is presently 71.43%.

Analyst Ratings Changes

YOU has been the subject of a number of recent analyst reports. Needham & Company LLC raised their price objective on Clear Secure from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday. Telsey Advisory Group restated an “outperform” rating and set a $34.00 price target on shares of Clear Secure in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group increased their price objective 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. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $30.20.

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.