40,000 Shares in CLEAR Secure, Inc. $YOU Purchased by Cantor Fitzgerald Investment Advisors L.P.

Key Points

• Cantor Fitzgerald Investment Advisors purchased 40,000 shares of CLEAR Secure, valued at approximately $1.68 million, while institutional investors collectively own 73.8% of the company.
• Analyst sentiment is mixed: five analysts rate the stock Buy, three Hold, and one Sell. The consensus rating is Hold, with an average price target of $58.29.
• CLEAR Secure exceeded quarterly expectations, reporting $0.49 in EPS and $277.76 million in revenue, up 26.6% year over year. The company also announced a quarterly dividend of $0.15 per share, or a 1.3% annualized yield.

Cantor Fitzgerald Investment Advisors L.P. purchased a new position in CLEAR Secure, Inc. (NYSE:YOU - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 40,000 shares of the company's stock, valued at approximately $1,678,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC grew its holdings in shares of CLEAR Secure by 2,283.3% during the first quarter. Parallel Advisors LLC now owns 715 shares of the company's stock valued at $35,000 after buying an additional 685 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in shares of CLEAR Secure by 92.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,108 shares of the company's stock valued at $39,000 after acquiring an additional 532 shares during the period. Sound Income Strategies LLC increased its position in shares of CLEAR Secure by 112.9% in the 1st quarter. Sound Income Strategies LLC now owns 2,167 shares of the company's stock valued at $106,000 after acquiring an additional 1,149 shares during the period. IFP Advisors Inc raised its stake in CLEAR Secure by 162.0% in the 2nd quarter. IFP Advisors Inc now owns 1,991 shares of the company's stock worth $111,000 after acquiring an additional 1,231 shares during the last quarter. Finally, Globeflex Capital L P purchased a new position in CLEAR Secure in the 2nd quarter worth $128,000. Hedge funds and other institutional investors own 73.80% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on YOU. Weiss Ratings raised CLEAR Secure from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th. JPMorgan Chase & Co. started coverage on CLEAR Secure in a report on Monday, August 24th. They issued an "overweight" rating and a $55.00 price objective on the stock. The Goldman Sachs Group set a $70.00 price objective on CLEAR Secure in a research note on Monday, July 20th. Needham & Company LLC reaffirmed a "buy" rating and set a $70.00 target price on shares of CLEAR Secure in a report on Wednesday, October 7th. Finally, Zacks Research downgraded CLEAR Secure from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $58.29.

Insider Buying and Selling

In related news, President Michael Z. Barkin sold 11,444 shares of CLEAR Secure stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $45.00, for a total transaction of $514,980.00. Following the completion of the transaction, the president directly owned 11,550 shares in the company, valued at approximately $519,750. This trade represents a 49.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Dennis W. Liu sold 2,104 shares of the business's stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $44.47, for a total value of $93,564.88. Following the completion of the transaction, the chief accounting officer directly owned 15,870 shares of the company's stock, valued at $705,738.90. The trade was a 11.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 18,047 shares of company stock valued at $808,615 over the last ninety days. Company insiders own 29.70% of the company's stock.

CLEAR Secure Price Performance

NYSE YOU opened at $45.60 on Friday. The company has a market capitalization of $6.17 billion, a PE ratio of 31.02 and a beta of 1.01. The company has a fifty day moving average of $42.75 and a 200 day moving average of $50.36. CLEAR Secure, Inc. has a 1 year low of $30.23 and a 1 year high of $69.07.

CLEAR Secure (NYSE:YOU - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.40 by $0.09. The company had revenue of $277.76 million for the quarter, compared to analyst estimates of $269.71 million. CLEAR Secure had a net margin of 14.78% and a return on equity of 71.51%. The firm's revenue was up 26.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.26 earnings per share. Research analysts expect that CLEAR Secure, Inc. will post 1.88 earnings per share for the current year.

CLEAR Secure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 10th. CLEAR Secure's dividend payout ratio (DPR) is 40.82%.

CLEAR Secure Company Profile

CLEAR Secure, Inc provides identity verification and secure access services through its CLEAR platform. The company uses biometric authentication and other identity technologies to help verify individuals and streamline access to participating locations and services.

Its consumer offerings include CLEAR Plus, a membership service that allows enrolled members to verify their identities at participating airports, and CLEAR Reserve, which enables travelers to reserve a time to proceed through select airport security checkpoints.

Want to see what other hedge funds are holding YOU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CLEAR Secure, Inc. (NYSE:YOU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.