SG Americas Securities LLC Makes New Investment in Clear Secure, Inc. (NYSE:YOU)

SG Americas Securities LLC purchased a new position in shares of Clear Secure, Inc. (NYSE:YOU) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,715 shares of the company’s stock, valued at approximately $322,000.

Other large investors also recently modified their holdings of the company. Janus Henderson Group PLC raised its position in shares of Clear Secure by 232.1% in the first quarter. Janus Henderson Group PLC now owns 115,282 shares of the company’s stock valued at $2,452,000 after purchasing an additional 80,569 shares during the period. Nordea Investment Management AB grew its stake in Clear Secure by 425.7% during the first quarter. Nordea Investment Management AB now owns 239,440 shares of the company’s stock worth $5,129,000 after buying an additional 193,889 shares in the last quarter. Cornerstone Wealth Management LLC bought a new position in shares of Clear Secure in the second quarter worth about $840,000. Vanguard Group Inc. lifted its holdings in shares of Clear Secure by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 9,460,663 shares of the company’s stock worth $195,363,000 after acquiring an additional 211,214 shares during the last quarter. Finally, Capstone Investment Advisors LLC raised its holdings in Clear Secure by 167.3% in the 1st quarter. Capstone Investment Advisors LLC now owns 112,793 shares of the company’s stock valued at $2,399,000 after buying an additional 70,597 shares during the last quarter. 73.80% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Kenneth L. Cornick sold 250,000 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $32.30, for a total transaction of $8,075,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Clear Secure news, CFO Kenneth L. Cornick sold 250,000 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $32.30, for a total transaction of $8,075,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,173,935 shares of company stock valued at $36,826,532. 37.85% of the stock is currently owned by company insiders.

Clear Secure Trading Down 3.4 %

Shares of Clear Secure stock opened at $36.05 on Friday. Clear Secure, Inc. has a 12-month low of $16.05 and a 12-month high of $37.90. The company has a market cap of $5.22 billion, a price-to-earnings ratio of 64.38 and a beta of 1.65. The company’s 50-day moving average price is $30.97 and its 200-day moving average price is $23.10.

Clear Secure (NYSE:YOU) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.34 earnings per share 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%. Clear Secure’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.05 earnings per share. On average, sell-side analysts predict that Clear Secure, Inc. will post 1.01 earnings per share for the current year.

Clear Secure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 10th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Tuesday, September 10th. Clear Secure’s payout ratio is currently 71.43%.

Analyst Ratings Changes

Several research analysts have issued reports on YOU shares. Needham & Company LLC raised their price target on shares of Clear Secure from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday. Telsey Advisory Group reiterated an “outperform” rating and set a $34.00 target price on shares of Clear Secure in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group boosted their price objective on Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.