72,624 Shares in Clear Secure, Inc. (NYSE:YOU) Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets acquired a new position in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 72,624 shares of the company's stock, valued at approximately $1,935,000. BNP Paribas Financial Markets owned 0.05% of Clear Secure as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Huntington National Bank bought a new stake in Clear Secure during the fourth quarter valued at about $35,000. SRS Capital Advisors Inc. grew its stake in Clear Secure by 56.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock valued at $57,000 after purchasing an additional 766 shares during the last quarter. Strategic Investment Solutions Inc. IL grew its stake in Clear Secure by 113,800.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 2,278 shares of the company's stock valued at $61,000 after purchasing an additional 2,276 shares during the last quarter. Harbour Investments Inc. grew its stake in Clear Secure by 23.0% in the fourth quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock valued at $64,000 after purchasing an additional 450 shares during the last quarter. Finally, Natixis purchased a new position in Clear Secure in the fourth quarter valued at about $73,000. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

Clear Secure Price Performance

NYSE YOU traded down $1.43 during trading on Friday, hitting $24.01. The company's stock had a trading volume of 2,563,693 shares, compared to its average volume of 2,028,272. The company has a market cap of $3.29 billion, a PE ratio of 27.91 and a beta of 1.25. The business's 50 day simple moving average is $25.63 and its 200-day simple moving average is $25.64. Clear Secure, Inc. has a fifty-two week low of $16.48 and a fifty-two week high of $38.88.

Clear Secure (NYSE:YOU - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $211.40 million during the quarter, compared to analyst estimates of $208.02 million. Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. Clear Secure's revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.28 EPS. Analysts expect that Clear Secure, Inc. will post 0.98 EPS for the current fiscal year.

Clear Secure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Tuesday, June 10th. Clear Secure's dividend payout ratio is presently 31.25%.

Insiders Place Their Bets

In related news, Director Kenneth L. Cornick sold 291,466 shares of Clear Secure stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $25.05, for a total transaction of $7,301,223.30. Following the completion of the sale, the director now owns 64,935 shares of the company's stock, valued at $1,626,621.75. The trade was a 81.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 957,964 shares of company stock valued at $24,155,799. 39.73% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on YOU. Stifel Nicolaus cut their target price 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. Needham & Company LLC reiterated a "buy" rating and issued a $45.00 target price on shares of Clear Secure in a research note on Monday, March 24th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $32.00 target price on shares of Clear Secure in a research note on Friday, May 9th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $32.00.

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.