Clear Secure, Inc. (NYSE:YOU) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. reduced its holdings in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 11.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,137,820 shares of the company's stock after selling 151,835 shares during the quarter. Ameriprise Financial Inc. owned 0.82% of Clear Secure worth $30,312,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Freestone Grove Partners LP purchased a new position in shares of Clear Secure during the 4th quarter valued at approximately $299,000. Comerica Bank boosted its stake in shares of Clear Secure by 8.8% during the 4th quarter. Comerica Bank now owns 42,060 shares of the company's stock valued at $1,120,000 after buying an additional 3,409 shares during the last quarter. PDT Partners LLC boosted its stake in shares of Clear Secure by 2.3% during the 4th quarter. PDT Partners LLC now owns 154,672 shares of the company's stock valued at $4,120,000 after buying an additional 3,500 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Clear Secure by 15.7% during the 4th quarter. AQR Capital Management LLC now owns 466,908 shares of the company's stock valued at $12,438,000 after buying an additional 63,219 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Clear Secure by 23.8% during the 4th quarter. Northern Trust Corp now owns 1,046,972 shares of the company's stock valued at $27,891,000 after buying an additional 201,504 shares during the last quarter. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

YOU has been the subject of several research analyst reports. Telsey Advisory Group reiterated an "outperform" rating and set a $32.00 target price on shares of Clear Secure in a research note on Friday, May 9th. Stifel Nicolaus reduced their price objective on Clear Secure from $32.00 to $26.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. Finally, Needham & Company LLC restated a "buy" rating and set a $45.00 price objective on shares of Clear Secure in a research note on Monday, March 24th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.00.

Clear Secure Price Performance

YOU traded up $0.09 during trading hours on Monday, hitting $24.72. 1,626,042 shares of the stock were exchanged, compared to its average volume of 2,015,716. The stock has a 50-day simple moving average of $25.68 and a 200-day simple moving average of $25.80. Clear Secure, Inc. has a 12 month low of $16.48 and a 12 month high of $38.88. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 28.74 and a beta of 1.25.

Clear Secure (NYSE:YOU - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.26 earnings per share (EPS) 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 firm had revenue of $211.40 million for the quarter, compared to the consensus estimate of $208.02 million. During the same quarter last year, the business earned $0.28 earnings per share. The business's revenue for the quarter was up 18.1% compared to the same quarter last year. Sell-side analysts expect that Clear Secure, Inc. will post 0.98 EPS for the current year.

Clear Secure Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.02%. The ex-dividend date is Tuesday, June 10th. Clear Secure's dividend payout ratio is presently 31.25%.

Insiders Place Their Bets

In other news, Director Kenneth L. Cornick sold 315,591 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $25.02, for a total transaction of $7,896,086.82. Following the transaction, the director now directly owns 64,935 shares of the company's stock, valued at approximately $1,624,673.70. This trade represents a 82.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 39.73% of the stock is owned by corporate insiders.

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.