245,713 Shares in CLEAR Secure, Inc. (NYSE:YOU) Acquired by Avory & Company LLC

Avory & Company LLC bought a new stake in CLEAR Secure, Inc. (NYSE:YOU - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 245,713 shares of the company's stock, valued at approximately $6,366,000. CLEAR Secure accounts for approximately 3.9% of Avory & Company LLC's portfolio, making the stock its 8th biggest holding. Avory & Company LLC owned 0.18% of CLEAR Secure as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its stake in shares of CLEAR Secure by 112.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,766,798 shares of the company's stock worth $73,707,000 after acquiring an additional 1,463,748 shares in the last quarter. Wellington Management Group LLP raised its holdings in CLEAR Secure by 74.9% during the fourth quarter. Wellington Management Group LLP now owns 3,322,514 shares of the company's stock worth $88,512,000 after purchasing an additional 1,422,999 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in CLEAR Secure during the fourth quarter worth $37,697,000. Ribbit Management Company LLC acquired a new stake in CLEAR Secure in the fourth quarter valued at $14,598,000. Finally, Renaissance Technologies LLC increased its position in shares of CLEAR Secure by 15.7% in the fourth quarter. Renaissance Technologies LLC now owns 3,698,159 shares of the company's stock valued at $98,519,000 after buying an additional 501,000 shares in 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 topic of several recent research reports. Needham & Company LLC reiterated a "buy" rating and issued a $45.00 price objective on shares of CLEAR Secure in a research report on Monday, March 24th. Telsey Advisory Group restated an "outperform" rating and set a $32.00 target price on shares of CLEAR Secure in a research report on Friday, May 9th. Two investment 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, CLEAR Secure presently has a consensus rating of "Moderate Buy" and an average target price of $32.00.

Insider Buying and Selling

In related news, Director Kenneth L. Cornick sold 228,374 shares of the stock in a transaction that occurred 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 approximately $3,807,835.22. This represents a 60.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders sold 957,964 shares of company stock valued at $24,155,799. 39.73% of the stock is owned by insiders.

CLEAR Secure Trading Up 0.5%

YOU traded up $0.14 during midday trading on Monday, hitting $27.76. The company's stock had a trading volume of 2,008,723 shares, compared to its average volume of 2,046,596. The firm has a market cap of $3.69 billion, a P/E ratio of 17.35 and a beta of 1.22. The firm has a 50-day moving average price of $25.31 and a two-hundred day moving average price of $25.31. 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 posted its quarterly earnings results on Thursday, May 8th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.04). The business had revenue of $211.40 million during the quarter, compared to analysts' expectations of $208.02 million. CLEAR Secure had a net margin of 21.96% and a return on equity of 115.09%. The firm's quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 EPS. On average, equities analysts expect that CLEAR Secure, Inc. will post 0.98 EPS for the current year.

CLEAR Secure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.80%. The ex-dividend date was Tuesday, June 10th. CLEAR Secure's dividend payout ratio (DPR) is 31.25%.

CLEAR Secure Company 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.