204,949 Shares in CLEAR Secure, Inc. (NYSE:YOU) Purchased by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC bought a new stake in shares of CLEAR Secure, Inc. (NYSE:YOU - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 204,949 shares of the company's stock, valued at approximately $5,310,000. Chevy Chase Trust Holdings LLC owned 0.15% of CLEAR Secure as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Renaissance Technologies LLC grew its position 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 acquiring an additional 501,000 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of CLEAR Secure during the 4th quarter valued at approximately $1,695,000. William Blair Investment Management LLC purchased a new stake in shares of CLEAR Secure during the 4th quarter valued at approximately $37,697,000. Cerity Partners LLC grew its position in shares of CLEAR Secure by 1,557.5% during the 4th quarter. Cerity Partners LLC now owns 345,137 shares of the company's stock valued at $9,211,000 after purchasing an additional 324,314 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of CLEAR Secure by 65.0% during the 4th quarter. Victory Capital Management Inc. now owns 738,393 shares of the company's stock valued at $19,671,000 after purchasing an additional 290,749 shares in the last quarter. 73.80% of the stock is owned by institutional investors.

Insider Transactions at CLEAR Secure

In other news, Director Kenneth L. Cornick sold 315,591 shares of CLEAR Secure stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $25.02, for a total value of $7,896,086.82. Following the sale, the director now directly owns 64,935 shares of the company's stock, valued at approximately $1,624,673.70. The trade was a 82.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 957,964 shares of company stock valued at $24,155,799. 39.73% of the stock is currently owned by insiders.

CLEAR Secure Stock Up 1.1%

NYSE:YOU traded up $0.31 on Friday, reaching $27.61. 2,758,600 shares of the company's stock traded hands, compared to its average volume of 2,042,152. The stock has a 50-day simple moving average of $25.24 and a 200-day simple moving average of $25.33. The firm has a market cap of $3.67 billion, a PE ratio of 17.26 and a beta of 1.22. CLEAR Secure, Inc. has a 12 month low of $18.23 and a 12 month 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 analysts' consensus estimates of $0.30 by ($0.04). CLEAR Secure had a net margin of 21.96% and a return on equity of 115.09%. The business had revenue of $211.40 million for the quarter, compared to the consensus estimate of $208.02 million. During the same period in the prior year, the business earned $0.28 earnings per share. CLEAR Secure's revenue was up 18.1% compared to the same quarter last year. On average, equities analysts anticipate that CLEAR Secure, Inc. will post 0.98 earnings per share for the current year.

CLEAR Secure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 10th were issued a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.81%. CLEAR Secure's dividend payout ratio (DPR) is 31.25%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on YOU. Stifel Nicolaus cut their target price on shares of CLEAR Secure from $32.00 to $26.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Telsey Advisory Group reissued an "outperform" rating and issued a $32.00 price target on shares of CLEAR Secure in a research note on Friday, May 9th. Finally, Needham & Company LLC restated a "buy" rating and issued a $45.00 price objective on shares of CLEAR Secure in a report on Monday, March 24th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, CLEAR Secure has a consensus rating of "Moderate Buy" and an average 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.