12,426 Shares in Clear Secure, Inc. (NYSE:YOU) Acquired by Arkadios Wealth Advisors

Arkadios Wealth Advisors acquired a new stake in Clear Secure, Inc. (NYSE:YOU) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 12,426 shares of the company’s stock, valued at approximately $232,000.

Several other large investors have also recently added to or reduced their stakes in YOU. Vanguard Group Inc. boosted its position in shares of 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 during the period. Brown Advisory Inc. boosted its holdings in Clear Secure by 3.2% in the 4th quarter. Brown Advisory Inc. now owns 3,230,815 shares of the company’s stock valued at $66,716,000 after purchasing an additional 101,011 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Clear Secure by 184.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,071,486 shares of the company’s stock worth $22,791,000 after purchasing an additional 695,418 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Clear Secure by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 654,967 shares of the company’s stock worth $13,525,000 after purchasing an additional 12,469 shares during the period. Finally, Honeycomb Asset Management LP raised its position in shares of Clear Secure by 40.8% in the fourth quarter. Honeycomb Asset Management LP now owns 600,000 shares of the company’s stock valued at $12,390,000 after buying an additional 174,000 shares in the last quarter. Institutional investors own 73.80% of the company’s stock.

Insider Activity

In other Clear Secure news, CAO Dennis W. Liu sold 1,500 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $25.03, for a total value of $37,545.00. Following the completion of the transaction, the chief accounting officer now owns 10,211 shares of the company’s stock, valued at approximately $255,581.33. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Clear Secure news, CAO Dennis W. Liu sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $25.03, for a total value of $37,545.00. Following the completion of the transaction, the chief accounting officer now directly owns 10,211 shares in the company, valued at approximately $255,581.33. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Kenneth L. Cornick sold 79,935 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $30.04, for a total transaction of $2,401,247.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 272,435 shares of company stock worth $7,770,702. Insiders own 37.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on YOU. Needham & Company LLC reissued a “buy” rating and set a $40.00 price target on shares of Clear Secure in a research report on Wednesday, August 7th. Wedbush reaffirmed a “neutral” rating and issued a $21.00 price target on shares of Clear Secure in a research note on Wednesday, May 8th. Telsey Advisory Group reiterated an “outperform” rating and set a $34.00 price objective on shares of Clear Secure in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group boosted their target price 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 investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Clear Secure presently has a consensus rating of “Hold” and a consensus price target of $29.20.

Clear Secure Stock Up 1.9 %

Shares of YOU stock opened at $30.39 on Friday. The business has a fifty day simple moving average of $22.77 and a 200 day simple moving average of $20.04. The company has a market cap of $4.23 billion, a P/E ratio of 54.27 and a beta of 1.58. Clear Secure, Inc. has a twelve month low of $15.28 and a twelve month high of $30.58.

Clear Secure (NYSE:YOU) last posted its quarterly 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 company had revenue of $186.75 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the company posted $0.05 EPS. As a group, equities research analysts anticipate that Clear Secure, Inc. will post 1.01 earnings per share for the current fiscal year.

Clear Secure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 10th will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, September 10th. This represents a $0.40 annualized dividend and a dividend yield of 1.32%. Clear Secure’s dividend payout ratio (DPR) is presently 71.43%.

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.