BNP Paribas Financial Markets Purchases Shares of 72,624 Clear Secure, Inc. (NYSE:YOU)

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

Several other institutional investors and hedge funds also recently added to or reduced their stakes in YOU. Renaissance Technologies LLC lifted its stake 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 purchasing an additional 501,000 shares during the period. Raymond James Financial Inc. purchased a new position in Clear Secure in the fourth quarter valued at about $1,695,000. William Blair Investment Management LLC acquired a new stake in shares of Clear Secure during the 4th quarter valued at approximately $37,697,000. Principal Financial Group Inc. boosted its stake in shares of Clear Secure by 3,937.1% during the 3rd quarter. Principal Financial Group Inc. now owns 478,760 shares of the company's stock worth $15,866,000 after acquiring an additional 466,901 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of Clear Secure by 1,557.5% in the 4th quarter. Cerity Partners LLC now owns 345,137 shares of the company's stock worth $9,211,000 after acquiring an additional 324,314 shares during the period. Institutional investors and hedge funds own 73.80% of the company's stock.

Insider Activity at Clear Secure

In other Clear Secure news, Director Kenneth L. Cornick sold 291,466 shares of the business's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $25.05, for a total value of $7,301,223.30. Following the completion of the transaction, the director now directly owns 64,935 shares in the company, valued at approximately $1,626,621.75. The trade was a 81.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 39.73% of the company's stock.

Clear Secure Price Performance

Clear Secure stock traded up $0.02 during mid-day trading on Wednesday, hitting $25.19. 1,840,865 shares of the company were exchanged, compared to its average volume of 2,020,229. Clear Secure, Inc. has a 12-month low of $16.48 and a 12-month high of $38.88. The company has a market capitalization of $3.45 billion, a P/E ratio of 29.30 and a beta of 1.25. The business's 50 day simple moving average is $25.69 and its two-hundred day simple moving average is $25.79.

Clear Secure (NYSE:YOU - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.04). The company had revenue of $211.40 million for the quarter, compared to analysts' expectations of $208.02 million. Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The company's revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.28 EPS. Equities research analysts predict that Clear Secure, Inc. will post 0.98 earnings per share for the current year.

Clear Secure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 10th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Tuesday, June 10th. Clear Secure's payout ratio is 31.25%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Stifel Nicolaus reduced their price objective on Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Telsey Advisory Group reiterated an "outperform" rating and issued a $32.00 price objective on shares of Clear Secure in a research report on Friday, May 9th. Finally, Needham & Company LLC restated a "buy" rating and set a $45.00 target price on shares of Clear Secure in a report on Monday, March 24th. 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.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $32.00.

Clear Secure 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.