CLEAR Secure, Inc. (NYSE:YOU) Shares Purchased by Arizona State Retirement System

Arizona State Retirement System grew its stake in shares of CLEAR Secure, Inc. (NYSE:YOU) by 6.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,673 shares of the company’s stock after buying an additional 1,578 shares during the period. Arizona State Retirement System’s holdings in CLEAR Secure were worth $665,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in YOU. Raymond James Financial Inc. bought a new stake in CLEAR Secure in the 4th quarter valued at about $1,695,000. Avantax Advisory Services Inc. acquired a new position in shares of CLEAR Secure during the 4th quarter worth $288,000. Commonwealth Equity Services LLC grew its stake in CLEAR Secure by 3.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 18,737 shares of the company’s stock valued at $499,000 after buying an additional 612 shares during the last quarter. Harbour Investments Inc. increased its holdings in shares of CLEAR Secure by 23.0% during the 4th quarter. Harbour Investments Inc. now owns 2,405 shares of the company’s stock worth $64,000 after purchasing an additional 450 shares during the period. Finally, Cibc World Markets Corp acquired a new position in CLEAR Secure in the 4th quarter valued at approximately $219,000. Institutional investors and hedge funds own 73.80% of the company’s stock.

CLEAR Secure Stock Performance

NYSE:YOU opened at $29.54 on Tuesday. The stock has a fifty day moving average price of $26.39 and a two-hundred day moving average price of $25.54. CLEAR Secure, Inc. has a 1 year low of $18.23 and a 1 year high of $38.88. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 18.46 and a beta of 1.25.

CLEAR Secure (NYSE:YOU) last announced 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 net margin of 21.96% and a return on equity of 115.09%. The business had revenue of $211.40 million for the quarter, compared to the consensus estimate of $208.02 million. During the same quarter in the previous year, the company earned $0.28 EPS. CLEAR Secure’s revenue for the quarter was up 18.1% compared to the same quarter last year. On average, analysts predict that CLEAR Secure, Inc. will post 0.98 EPS for the current year.

CLEAR Secure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 10th were paid a dividend of $0.125 per share. The ex-dividend date was Tuesday, June 10th. This represents a $0.50 annualized dividend and a yield of 1.69%. CLEAR Secure’s payout ratio is 31.25%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on YOU shares. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price objective on shares of CLEAR Secure in a research note on Monday, March 24th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $32.00 price objective on shares of CLEAR Secure in a report on Friday, May 9th. Finally, Wall Street Zen cut shares of CLEAR Secure from a “buy” rating to a “hold” rating in a report on Sunday, July 13th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

Insider Activity

In other news, Director Kenneth L. Cornick sold 228,374 shares of the company’s stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $25.54, for a total transaction of $5,832,671.96. Following the completion of the sale, the director owned 149,093 shares of the company’s stock, valued at $3,807,835.22. This represents a 60.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Adam Wiener sold 5,000 shares of CLEAR Secure stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $30.00, for a total transaction of $150,000.00. Following the completion of the transaction, the director owned 207,634 shares of the company’s stock, valued at $6,229,020. This represents a 2.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 965,964 shares of company stock valued at $24,388,299 in the last 90 days. Company insiders own 39.73% of the company’s stock.

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.