Clear Secure, Inc. (NYSE:YOU) Shares Acquired by New York State Teachers Retirement System

New York State Teachers Retirement System increased its position in shares of Clear Secure, Inc. (NYSE:YOU) by 402.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,376 shares of the company’s stock after purchasing an additional 30,733 shares during the quarter. New York State Teachers Retirement System’s holdings in Clear Secure were worth $1,272,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Montag A & Associates Inc. purchased a new position in Clear Secure during the 1st quarter worth approximately $26,000. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Clear Secure during the second quarter worth $26,000. Future Financial Wealth Managment LLC acquired a new position in Clear Secure during the third quarter valued at $33,000. Plato Investment Management Ltd lifted its position in Clear Secure by 10,535.4% during the second quarter. Plato Investment Management Ltd now owns 5,105 shares of the company’s stock valued at $96,000 after purchasing an additional 5,057 shares during the period. Finally, NBC Securities Inc. purchased a new stake in Clear Secure in the third quarter valued at $105,000. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus lifted their target price on shares of Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a report on Monday, October 28th. Wedbush reaffirmed a “neutral” rating and issued a $26.00 price objective (up previously from $24.00) on shares of Clear Secure in a report on Thursday. Needham & Company LLC reissued a “buy” rating and set a $45.00 target price on shares of Clear Secure in a research note on Friday. Telsey Advisory Group raised their target price on Clear Secure from $34.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, The Goldman Sachs Group upped their price target on Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Clear Secure has a consensus rating of “Hold” and an average price target of $32.67.

Insider Buying and Selling

In other news, Director Alclear Investments Ii, Llc sold 227,021 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $31.05, for a total value of $7,049,002.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Clear Secure news, CAO Dennis W. Liu sold 1,500 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $31.05, for a total transaction of $46,575.00. Following the completion of the transaction, the chief accounting officer now directly owns 7,211 shares in the company, valued at approximately $223,901.55. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Alclear Investments Ii, Llc sold 227,021 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $31.05, for a total value of $7,049,002.05. The disclosure for this sale can be found here. Insiders sold a total of 1,164,935 shares of company stock valued at $36,623,387 over the last three months. 37.85% of the stock is currently owned by company insiders.

Clear Secure Stock Down 2.7 %

Shares of NYSE YOU opened at $27.77 on Friday. The business has a 50-day moving average price of $33.08 and a 200 day moving average price of $24.82. The stock has a market cap of $3.87 billion, a PE ratio of 35.60 and a beta of 1.63. Clear Secure, Inc. has a 52-week low of $16.05 and a 52-week high of $38.88.

Clear Secure Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 10th will be issued a $0.125 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.80%. This is a positive change from Clear Secure’s previous quarterly dividend of $0.10. Clear Secure’s payout ratio is presently 51.28%.

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.