Cwm LLC Purchases 5,584 Shares of Clear Secure, Inc. (NYSE:YOU)

Cwm LLC lifted its position in Clear Secure, Inc. (NYSE:YOU) by 77.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 12,836 shares of the company’s stock after purchasing an additional 5,584 shares during the period. Cwm LLC’s holdings in Clear Secure were worth $425,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Clear Secure by 11.7% in the first quarter. Vanguard Group Inc. now owns 10,571,993 shares of the company’s stock valued at $224,866,000 after acquiring an additional 1,111,330 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Clear Secure by 56.5% in the second quarter. Renaissance Technologies LLC now owns 2,954,100 shares of the company’s stock valued at $55,271,000 after acquiring an additional 1,066,400 shares in the last quarter. Rice Hall James & Associates LLC boosted its holdings in Clear Secure by 303.6% in the second quarter. Rice Hall James & Associates LLC now owns 1,199,649 shares of the company’s stock valued at $22,445,000 after acquiring an additional 902,436 shares in the last quarter. Marshall Wace LLP boosted its holdings in Clear Secure by 278.3% in the second quarter. Marshall Wace LLP now owns 1,099,062 shares of the company’s stock valued at $20,563,000 after acquiring an additional 808,515 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in Clear Secure by 56.3% in the second quarter. Millennium Management LLC now owns 2,103,578 shares of the company’s stock valued at $39,358,000 after acquiring an additional 757,528 shares in the last quarter. Institutional investors own 73.80% of the company’s stock.

Clear Secure Trading Down 3.4 %

Shares of Clear Secure stock opened at $36.05 on Monday. The firm has a market capitalization of $5.02 billion, a P/E ratio of 46.22 and a beta of 1.65. The business has a fifty day simple moving average of $30.97 and a two-hundred day simple moving average of $23.13. Clear Secure, Inc. has a 12 month low of $16.05 and a 12 month high of $37.90.

Clear Secure (NYSE:YOU) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.34 EPS for the quarter, beating the consensus estimate 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%. The company’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.05 earnings per share. Analysts predict that Clear Secure, Inc. will post 1.01 earnings per share for the current year.

Clear Secure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 10th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Tuesday, September 10th. Clear Secure’s payout ratio is 51.28%.

Analyst Ratings Changes

Several analysts recently weighed in on YOU shares. 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 report on Thursday, August 8th. Telsey Advisory Group reiterated an “outperform” rating and issued a $34.00 price target on shares of Clear Secure in a report on Wednesday, August 7th. Finally, Needham & Company LLC lifted their price target on shares of Clear Secure from $40.00 to $45.00 and gave the company a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $30.20.

Insider Buying and Selling

In related news, CAO Dennis W. Liu sold 1,500 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $25.03, for a total value of $37,545.00. Following the transaction, the chief accounting officer now owns 10,211 shares in the company, valued at $255,581.33. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Clear Secure news, Director Alclear Investments Ii, Llc sold 150,000 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $34.08, for a total transaction of $5,112,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Dennis W. Liu sold 1,500 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $25.03, for a total transaction of $37,545.00. Following the transaction, the chief accounting officer now owns 10,211 shares in the company, valued at $255,581.33. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,173,935 shares of company stock worth $36,826,532 in the last quarter. Corporate insiders own 37.85% of the company’s stock.

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.