Clear Secure, Inc. (NYSE:YOU) Major Shareholder Acquires $627,422.40 in Stock

Clear Secure, Inc. (NYSE:YOUGet Rating) major shareholder Durable Capital Partners Lp purchased 22,440 shares of the firm’s stock in a transaction on Thursday, April 7th. The stock was acquired at an average cost of $27.96 per share, for a total transaction of $627,422.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Durable Capital Partners Lp also recently made the following trade(s):

  • On Tuesday, April 5th, Durable Capital Partners Lp purchased 84,983 shares of Clear Secure stock. The stock was acquired at an average cost of $27.72 per share, for a total transaction of $2,355,728.76.
  • On Thursday, March 3rd, Durable Capital Partners Lp acquired 259,563 shares of Clear Secure stock. The stock was purchased at an average cost of $24.94 per share, for a total transaction of $6,473,501.22.
  • On Tuesday, March 1st, Durable Capital Partners Lp bought 314,229 shares of Clear Secure stock. The shares were bought at an average price of $25.81 per share, for a total transaction of $8,110,250.49.
  • On Wednesday, February 23rd, Durable Capital Partners Lp acquired 64,018 shares of Clear Secure stock. The shares were acquired at an average price of $25.99 per share, for a total transaction of $1,663,827.82.
  • On Monday, February 7th, Durable Capital Partners Lp acquired 59,751 shares of Clear Secure stock. The shares were acquired at an average price of $25.56 per share, for a total transaction of $1,527,235.56.
  • On Friday, February 4th, Durable Capital Partners Lp acquired 57,523 shares of Clear Secure stock. The shares were bought at an average price of $25.38 per share, with a total value of $1,459,933.74.
  • On Wednesday, February 2nd, Durable Capital Partners Lp acquired 185,323 shares of Clear Secure stock. The shares were bought at an average price of $24.51 per share, with a total value of $4,542,266.73.
  • On Monday, January 31st, Durable Capital Partners Lp acquired 14,655 shares of Clear Secure stock. The shares were bought at an average price of $23.98 per share, with a total value of $351,426.90.
  • On Friday, January 28th, Durable Capital Partners Lp purchased 71,980 shares of Clear Secure stock. The shares were acquired at an average price of $20.97 per share, with a total value of $1,509,420.60.
  • On Wednesday, January 26th, Durable Capital Partners Lp bought 161,060 shares of Clear Secure stock. The shares were bought at an average cost of $21.82 per share, with a total value of $3,514,329.20.

Shares of YOU stock traded up $0.90 during mid-day trading on Monday, reaching $27.83. The stock had a trading volume of 12,460 shares, compared to its average volume of 986,272. The firm’s 50 day simple moving average is $25.23 and its 200 day simple moving average is $31.14. Clear Secure, Inc. has a one year low of $18.79 and a one year high of $65.70.

Clear Secure (NYSE:YOUGet Rating) last posted its earnings results on Wednesday, March 23rd. The company reported ($0.09) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.15. Clear Secure had a negative return on equity of 29.53% and a negative net margin of 19.38%. The business had revenue of $80.70 million during the quarter, compared to the consensus estimate of $78.12 million. The business’s revenue for the quarter was up 51.7% compared to the same quarter last year. Sell-side analysts predict that Clear Secure, Inc. will post -0.42 earnings per share for the current fiscal year.

YOU has been the topic of several research reports. Stifel Nicolaus upped their target price on Clear Secure from $32.00 to $34.00 in a research report on Wednesday, March 23rd. Loop Capital lowered their price objective on Clear Secure from $40.00 to $26.00 in a report on Wednesday, March 30th. Wells Fargo & Company lowered their price objective on Clear Secure from $29.00 to $21.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 15th. The Goldman Sachs Group lowered their price objective on Clear Secure from $37.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, March 24th. Finally, Zacks Investment Research raised Clear Secure from a “sell” rating to a “hold” rating in a report on Friday, January 21st. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Clear Secure has a consensus rating of “Hold” and an average price target of $35.29.

Several institutional investors and hedge funds have recently bought and sold shares of the company. CIBC Asset Management Inc grew its holdings in shares of Clear Secure by 9.8% in the 4th quarter. CIBC Asset Management Inc now owns 6,403 shares of the company’s stock worth $201,000 after purchasing an additional 574 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Clear Secure by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 65,498 shares of the company’s stock worth $2,055,000 after purchasing an additional 1,106 shares during the last quarter. Citigroup Inc. bought a new stake in shares of Clear Secure in the 4th quarter worth about $36,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Clear Secure in the 4th quarter worth about $50,000. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Clear Secure by 6.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 28,529 shares of the company’s stock worth $894,000 after purchasing an additional 1,768 shares during the last quarter. 54.13% of the stock is currently owned by institutional investors and hedge funds.

About Clear Secure (Get Rating)

Clear Secure, Inc focuses on operating as a holding company for Alclear Holdings LLC that provides a member-centric secure identity platform using biometric data in the United States. The company's secure identity platform uses biometrics to automate the identity verification process through CLEAR lanes in airports.

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