Cerity Partners LLC Has $8.01 Million Stock Holdings in CLEAR Secure, Inc. (NYSE:YOU)

Cerity Partners LLC decreased its holdings in CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 10.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 309,077 shares of the company's stock after selling 36,060 shares during the period. Cerity Partners LLC owned approximately 0.23% of CLEAR Secure worth $8,008,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its stake in shares of CLEAR Secure by 54.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 27,627 shares of the company's stock valued at $713,000 after purchasing an additional 9,768 shares during the last quarter. Personal CFO Solutions LLC bought a new position in shares of CLEAR Secure in the 1st quarter valued at $260,000. Principal Financial Group Inc. grew its holdings in shares of CLEAR Secure by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 519,264 shares of the company's stock valued at $13,454,000 after purchasing an additional 11,633 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of CLEAR Secure by 132.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 23,681 shares of the company's stock valued at $614,000 after purchasing an additional 13,499 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of CLEAR Secure by 15.7% during the 4th 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 last quarter. Institutional investors own 73.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $45.00 price target on shares of CLEAR Secure in a report on Monday, March 24th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $32.00 price target on shares of CLEAR Secure in a report on Friday, May 9th. Finally, Wall Street Zen lowered CLEAR Secure from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $32.00.

Insider Transactions at CLEAR Secure

In other news, Director Kenneth L. Cornick sold 228,374 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $25.54, for a total value of $5,832,671.96. Following the transaction, the director owned 149,093 shares in the company, valued at approximately $3,807,835.22. The trade was a 60.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Adam Wiener sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $27.50, for a total transaction of $82,500.00. Following the completion of the transaction, the director owned 212,634 shares in the company, valued at $5,847,435. This trade represents a 1.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 960,964 shares of company stock worth $24,238,299 in the last quarter. Corporate insiders own 39.73% of the company's stock.

CLEAR Secure Price Performance

YOU stock traded down $0.68 during midday trading on Friday, reaching $30.49. 368,527 shares of the stock were exchanged, compared to its average volume of 2,072,320. The stock has a market capitalization of $4.06 billion, a PE ratio of 19.06 and a beta of 1.25. CLEAR Secure, Inc. has a 52 week low of $18.23 and a 52 week high of $38.88. The company has a fifty day moving average price of $26.26 and a 200 day moving average price of $25.53.

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

CLEAR Secure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th were given a $0.125 dividend. The ex-dividend date was Tuesday, June 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.64%. CLEAR Secure's dividend payout ratio (DPR) is presently 31.25%.

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.