Alclear Investments Ii, Llc Sells 150,000 Shares of Clear Secure, Inc. (NYSE:YOU) Stock

Clear Secure, Inc. (NYSE:YOU) Director Alclear Investments Ii, Llc sold 150,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $33.04, for a total value of $4,956,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Alclear Investments Ii, Llc also recently made the following trade(s):

• On Monday, September 16th, Alclear Investments Ii, Llc sold 122,579 shares of Clear Secure stock. The shares were sold at an average price of $31.04, for a total transaction of $3,804,852.16.
• On Monday, September 9th, Alclear Investments Ii, Llc sold 227,021 shares of Clear Secure stock. The stock was sold at an average price of $31.05, for a total transaction of $7,049,002.05.

Clear Secure Price Performance

NYSE:YOU traded down $0.02 during mid-day trading on Friday, reaching $32.85. The stock had a trading volume of 17,915,713 shares, compared to its average volume of 1,687,477. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 58.54 and a beta of 1.65. Clear Secure, Inc. has a 1-year low of $15.28 and a 1-year high of $33.85. The stock’s 50 day simple moving average is $25.99 and its two-hundred day simple moving average is $21.16.

Clear Secure (NYSE:YOU) last issued its earnings results on Tuesday, August 6th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.26 by $0.08. Clear Secure had a return on equity of 35.33% and a net margin of 10.36%. The company had revenue of $186.75 million during the quarter, compared to analyst estimates of $183.78 million. During the same quarter last year, the firm earned $0.05 EPS. The business’s revenue was up 24.6% on a year-over-year basis. Sell-side analysts anticipate that Clear Secure, Inc. will post 1.01 EPS for the current fiscal year.

Clear Secure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 10th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Tuesday, September 10th. Clear Secure’s dividend payout ratio (DPR) is 71.43%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in YOU. Janus Henderson Group PLC grew its position in Clear Secure by 232.1% in the 1st quarter. Janus Henderson Group PLC now owns 115,282 shares of the company’s stock worth $2,452,000 after purchasing an additional 80,569 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of 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 during the period. Quadrature Capital Ltd bought a new position in Clear Secure in the 4th quarter worth approximately $896,000. Cornerstone Wealth Management LLC acquired a new stake in Clear Secure in the 2nd quarter valued at approximately $840,000. Finally, Vanguard Group Inc. raised its stake in Clear Secure by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 9,460,663 shares of the company’s stock valued at $195,363,000 after acquiring an additional 211,214 shares in the last quarter. 73.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

YOU has been the subject of several recent analyst reports. Telsey Advisory Group restated an “outperform” rating and set a $34.00 target price on shares of Clear Secure in a research note on Wednesday, August 7th. Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of Clear Secure in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group lifted their price objective 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, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $29.20.

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.