Allianz Asset Management GmbH Acquires Shares of 20,500 CLEAR Secure, Inc. (NYSE:YOU)

Key Points

• Allianz Asset Management GmbH acquired 20,500 shares of CLEAR Secure, Inc. during the first quarter, valued at approximately $531,000.
• Total insider sales for CLEAR Secure over the last three months reached 965,964 shares worth approximately $24.4 million, with insiders holding 39.73% of the company's stock.
• CLEAR Secure recently reported its quarterly earnings, missing analysts' estimates, with earnings per share (EPS) of $0.26, below the expected $0.30.

Allianz Asset Management GmbH acquired a new stake in shares of CLEAR Secure, Inc. (NYSE:YOU - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 20,500 shares of the company's stock, valued at approximately $531,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Foundry Partners LLC lifted its holdings in shares of CLEAR Secure by 1.3% during the first quarter. Foundry Partners LLC now owns 184,732 shares of the company's stock valued at $4,786,000 after purchasing an additional 2,343 shares during the last quarter. Formidable Asset Management LLC acquired a new stake in shares of CLEAR Secure during the 1st quarter worth approximately $442,000. Segall Bryant & Hamill LLC lifted its position in shares of CLEAR Secure by 10.4% during the 1st quarter. Segall Bryant & Hamill LLC now owns 166,579 shares of the company's stock worth $4,316,000 after buying an additional 15,631 shares during the period. Victory Capital Management Inc. raised its position in CLEAR Secure by 3.8% in the 1st quarter. Victory Capital Management Inc. now owns 766,503 shares of the company's stock valued at $19,860,000 after purchasing an additional 28,110 shares during the last quarter. Finally, Edgestream Partners L.P. raised its position in shares of CLEAR Secure by 10.7% during the first quarter. Edgestream Partners L.P. now owns 97,931 shares of the company's stock worth $2,537,000 after acquiring an additional 9,473 shares during the last quarter. 73.80% of the stock is currently owned by institutional investors.

CLEAR Secure Price Performance

Shares of NYSE:YOU traded up $1.32 during trading on Monday, hitting $30.16. 2,977,840 shares of the company were exchanged, compared to its average volume of 1,422,951. The company has a market cap of $4.01 billion, a PE ratio of 17.07 and a beta of 1.25. The stock has a 50 day moving average of $27.37 and a 200 day moving average of $25.76. CLEAR Secure, Inc. has a 52-week low of $18.23 and a 52-week high of $38.88.

CLEAR Secure (NYSE:YOU - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.04). The firm had revenue of $211.40 million during the quarter, compared to the consensus estimate of $208.02 million. CLEAR Secure had a net margin of 21.96% and a return on equity of 115.09%. The firm's revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.28 EPS. Sell-side analysts forecast that CLEAR Secure, Inc. will post 0.98 EPS for the current fiscal year.

CLEAR Secure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, June 10th. CLEAR Secure's payout ratio is 31.25%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on YOU shares. Stifel Nicolaus increased their target price on CLEAR Secure from $26.00 to $28.00 and gave the stock a "hold" rating in a research note on Tuesday, July 29th. Telsey Advisory Group reiterated an "outperform" rating and set a $32.00 target price on shares of CLEAR Secure in a research note on Wednesday, July 30th. Finally, Wall Street Zen lowered CLEAR Secure from a "buy" rating to a "hold" rating in a report on Sunday, July 13th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $32.40.

Insider Buying and Selling

In related news, Director Adam Wiener sold 5,000 shares of the stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $30.00, for a total value of $150,000.00. Following the sale, the director directly owned 207,634 shares of the company's stock, valued at $6,229,020. This represents a 2.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kenneth L. Cornick sold 228,374 shares of the company's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $25.54, for a total transaction of $5,832,671.96. Following the completion of the transaction, the director owned 149,093 shares in the company, valued at $3,807,835.22. This represents a 60.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 965,964 shares of company stock valued at $24,388,299. 39.73% of the stock is currently owned by 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.