Clear Secure, Inc. (NYSE:YOU) Shares Sold by Deutsche Bank AG

Deutsche Bank AG cut its stake in shares of Clear Secure, Inc. (NYSE:YOU) by 83.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 81,775 shares of the company’s stock after selling 422,661 shares during the period. Deutsche Bank AG owned approximately 0.06% of Clear Secure worth $2,178,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in YOU. Renaissance Technologies LLC increased its holdings in shares of Clear Secure by 15.7% in the fourth quarter. Renaissance Technologies LLC now owns 3,698,159 shares of the company’s stock valued at $98,519,000 after purchasing an additional 501,000 shares during the period. Raymond James Financial Inc. purchased a new position in Clear Secure in the 4th quarter valued at $1,695,000. William Blair Investment Management LLC acquired a new position in Clear Secure in the 4th quarter valued at $37,697,000. Cerity Partners LLC raised its position in Clear Secure by 1,557.5% during the 4th quarter. Cerity Partners LLC now owns 345,137 shares of the company’s stock worth $9,211,000 after buying an additional 324,314 shares during the last quarter. Finally, Copeland Capital Management LLC purchased a new position in Clear Secure during the 4th quarter worth $30,724,000. 73.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on YOU. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $32.00 target price on shares of Clear Secure in a report on Friday, May 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Clear Secure in a report on Monday, March 24th. Finally, Stifel Nicolaus cut their target price on Clear Secure from $32.00 to $26.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $32.00.

Clear Secure Stock Up 1.0%

Shares of YOU opened at $25.43 on Friday. Clear Secure, Inc. has a 52-week low of $16.48 and a 52-week high of $38.88. The company has a 50-day simple moving average of $25.68 and a 200-day simple moving average of $25.72. The company has a market capitalization of $3.48 billion, a PE ratio of 29.57 and a beta of 1.25.

Clear Secure (NYSE:YOU) last issued its earnings results on Thursday, May 8th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.04). Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The company had revenue of $211.40 million for the quarter, compared to analyst estimates of $208.02 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. On average, research analysts anticipate that Clear Secure, Inc. will post 0.98 EPS for the current year.

Clear Secure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 10th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Tuesday, June 10th. Clear Secure’s payout ratio is currently 31.25%.

Insider Activity at Clear Secure

In other Clear Secure news, Director Kenneth L. Cornick sold 291,466 shares of the business’s stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $25.05, for a total transaction of $7,301,223.30. Following the sale, the director now directly owns 64,935 shares in the company, valued at approximately $1,626,621.75. The trade was a 81.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 957,964 shares of company stock valued at $24,155,799 in the last ninety days. Corporate insiders own 39.73% of the company’s stock.

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.