CLEAR Secure, Inc. (NYSE:YOU) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund boosted its stake in shares of CLEAR Secure, Inc. (NYSE:YOU) by 6.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,913 shares of the company’s stock after acquiring an additional 1,712 shares during the quarter. New York State Common Retirement Fund’s holdings in CLEAR Secure were worth $749,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Arizona State Retirement System lifted its position in CLEAR Secure by 6.5% during the 1st quarter. Arizona State Retirement System now owns 25,673 shares of the company’s stock worth $665,000 after acquiring an additional 1,578 shares during the period. Alps Advisors Inc. raised its stake in shares of CLEAR Secure by 23.9% during the 1st quarter. Alps Advisors Inc. now owns 13,627 shares of the company’s stock worth $353,000 after buying an additional 2,627 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of CLEAR Secure by 134.3% during the 1st quarter. Nisa Investment Advisors LLC now owns 15,907 shares of the company’s stock worth $412,000 after buying an additional 9,117 shares in the last quarter. Personal CFO Solutions LLC purchased a new position in shares of CLEAR Secure during the 1st quarter worth approximately $260,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of CLEAR Secure by 55.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 289,756 shares of the company’s stock worth $7,508,000 after buying an additional 103,436 shares in the last quarter. 73.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

YOU has been the subject of a number of analyst reports. Telsey Advisory Group reissued an “outperform” rating and set a $32.00 target price on shares of CLEAR Secure in a research note on Friday, May 9th. Wall Street Zen downgraded CLEAR Secure from a “buy” rating to a “hold” rating in a research note on Sunday, July 13th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, CLEAR Secure currently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

CLEAR Secure Price Performance

NYSE YOU opened at $29.67 on Friday. CLEAR Secure, Inc. has a 1-year low of $18.23 and a 1-year high of $38.88. The company has a market capitalization of $3.95 billion, a P/E ratio of 18.55 and a beta of 1.25. The business has a 50 day moving average price of $26.90 and a 200 day moving average price of $25.66.

CLEAR Secure (NYSE:YOU) last released its quarterly earnings data 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 firm had revenue of $211.40 million during the quarter, compared to analysts’ expectations of $208.02 million. During the same period in the previous year, the business earned $0.28 earnings per share. The business’s revenue for the quarter was up 18.1% on a year-over-year basis. On average, research analysts expect that CLEAR Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

CLEAR Secure Dividend Announcement

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

Insider Activity at CLEAR Secure

In related news, Director Kenneth L. Cornick sold 315,591 shares of the firm’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $25.02, for a total value of $7,896,086.82. Following the completion of the transaction, the director directly owned 64,935 shares of the company’s stock, valued at $1,624,673.70. This trade represents a 82.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Adam Wiener sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $30.00, for a total value of $150,000.00. Following the completion of the transaction, the director directly owned 207,634 shares of the company’s stock, valued at $6,229,020. The trade was a 2.35% decrease in their ownership of the stock. 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 over the last ninety days. 39.73% of the stock is currently owned by company insiders.

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.