Hennion & Walsh Asset Management Inc. Takes $258,000 Position in Clear Secure, Inc. (NYSE:YOU)

Hennion & Walsh Asset Management Inc. bought a new position in shares of Clear Secure, Inc. (NYSE:YOU) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,787 shares of the company’s stock, valued at approximately $258,000.

Other large investors have also bought and sold shares of the company. Montag A & Associates Inc. bought a new position in shares of Clear Secure during the 1st quarter worth about $26,000. University of Texas Texas AM Investment Management Co. acquired a new position in Clear Secure during the 2nd quarter worth approximately $26,000. Future Financial Wealth Managment LLC acquired a new position in Clear Secure during the 3rd quarter worth approximately $33,000. Plato Investment Management Ltd boosted its holdings in Clear Secure by 10,535.4% in the second quarter. Plato Investment Management Ltd now owns 5,105 shares of the company’s stock worth $96,000 after acquiring an additional 5,057 shares in the last quarter. Finally, NBC Securities Inc. acquired a new stake in Clear Secure in the third quarter valued at approximately $105,000. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Clear Secure

In other Clear Secure news, Director Alclear Investments Ii, Llc sold 227,021 shares of the business’s stock in a transaction on Monday, September 9th. The stock was 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 SEC, which is available at this link. In other news, CFO Kenneth L. Cornick sold 250,000 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $32.30, for a total transaction of $8,075,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alclear Investments Ii, Llc sold 227,021 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $31.05, for a total transaction of $7,049,002.05. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,173,935 shares of company stock valued at $36,826,532. 37.85% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group upped their target price on Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Needham & Company LLC upped their price objective on shares of Clear Secure from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Stifel Nicolaus lifted their price objective on shares of Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a report on Monday. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $34.00 target price on shares of Clear Secure in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Clear Secure currently has a consensus rating of “Hold” and a consensus price target of $30.50.

Clear Secure Trading Up 2.5 %

Shares of NYSE:YOU opened at $37.00 on Wednesday. The stock has a market cap of $5.15 billion, a PE ratio of 47.44 and a beta of 1.65. The stock’s fifty day simple moving average is $32.18 and its two-hundred day simple moving average is $23.94. Clear Secure, Inc. has a 1-year low of $16.05 and a 1-year high of $37.90.

Clear Secure (NYSE:YOU) last released 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. Clear Secure had a net margin of 10.36% and a return on equity of 35.33%. The company had revenue of $186.75 million for the quarter, compared to analyst estimates of $183.78 million. During the same period last year, the firm earned $0.05 earnings per share. The firm’s revenue was up 24.6% on a year-over-year basis. On average, sell-side analysts forecast that Clear Secure, Inc. will post 1.01 earnings per share for the current fiscal year.

Clear Secure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 10th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Tuesday, September 10th. Clear Secure’s dividend payout ratio is presently 51.28%.

Clear Secure 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.