Dimensional Fund Advisors LP Acquires 108,405 Shares of Clear Secure, Inc. (NYSE:YOU)

Dimensional Fund Advisors LP increased its holdings in Clear Secure, Inc. (NYSE:YOU) by 39.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 380,728 shares of the company’s stock after acquiring an additional 108,405 shares during the quarter. Dimensional Fund Advisors LP owned about 0.26% of Clear Secure worth $7,123,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted 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 worth $224,866,000 after buying an additional 1,111,330 shares during the period. Rice Hall James & Associates LLC raised 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 worth $22,445,000 after purchasing an additional 902,436 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Clear Secure by 184.9% during the first quarter. Janney Montgomery Scott LLC now owns 1,071,486 shares of the company’s stock valued at $22,791,000 after buying an additional 695,418 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Clear Secure by 402.2% during the 2nd quarter. Victory Capital Management Inc. now owns 885,325 shares of the company’s stock valued at $16,564,000 after buying an additional 709,020 shares in the last quarter. Finally, Federated Hermes Inc. grew its position in shares of Clear Secure by 49.4% in the 2nd quarter. Federated Hermes Inc. now owns 830,751 shares of the company’s stock worth $15,543,000 after buying an additional 274,566 shares during the period. 73.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

YOU has been the topic of a number of recent research reports. Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective on shares of Clear Secure in a report on Wednesday, August 7th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $34.00 price objective on shares of Clear Secure in a research report on Wednesday, August 7th. Finally, The Goldman Sachs Group increased their target price on Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $29.20.

Insider Buying and Selling at Clear Secure

In other news, insider Richard N. Jr. Patterson sold 7,500 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $22.08, for a total value of $165,600.00. Following the transaction, the insider now owns 34,227 shares in the company, valued at $755,732.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Richard N. Jr. Patterson sold 7,500 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $22.08, for a total value of $165,600.00. Following the completion of the sale, the insider now directly owns 34,227 shares in the company, valued at $755,732.16. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael Z. Barkin sold 25,000 shares of Clear Secure stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $28.64, for a total value of $716,000.00. Following the transaction, the director now owns 7,056 shares in the company, valued at $202,083.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,023,935 shares of company stock worth $31,714,532 in the last three months. 37.85% of the stock is currently owned by company insiders.

Clear Secure Stock Performance

Shares of NYSE:YOU opened at $31.97 on Wednesday. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 57.13 and a beta of 1.65. The business has a 50-day simple moving average of $28.74 and a two-hundred day simple moving average of $22.23. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $33.85.

Clear Secure (NYSE:YOU) last issued its earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.08. The company had revenue of $186.75 million for the quarter, compared to analysts’ expectations of $183.78 million. Clear Secure had a net margin of 10.36% and a return on equity of 35.33%. The firm’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter last year, the company posted $0.05 earnings per share. As a group, research 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 announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 10th were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.40 annualized dividend and a yield of 1.25%. Clear Secure’s payout ratio is 71.43%.

Clear Secure Company 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.