Segall Bryant & Hamill LLC Buys 15,631 Shares of CLEAR Secure, Inc. (NYSE:YOU)

Segall Bryant & Hamill LLC boosted its position in CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 10.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 166,579 shares of the company's stock after acquiring an additional 15,631 shares during the period. Segall Bryant & Hamill LLC owned about 0.12% of CLEAR Secure worth $4,316,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of YOU. Harbor Investment Advisory LLC purchased a new stake in CLEAR Secure in the 1st quarter worth approximately $27,000. Fifth Third Bancorp boosted its holdings in shares of CLEAR Secure by 217.0% in the 1st quarter. Fifth Third Bancorp now owns 1,116 shares of the company's stock valued at $29,000 after purchasing an additional 764 shares during the last quarter. Huntington National Bank acquired a new position in shares of CLEAR Secure in the 4th quarter valued at $35,000. First Horizon Advisors Inc. boosted its holdings in shares of CLEAR Secure by 72.0% in the 1st quarter. First Horizon Advisors Inc. now owns 1,474 shares of the company's stock valued at $38,000 after purchasing an additional 617 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL boosted its holdings in shares of CLEAR Secure by 113,800.0% in the 4th 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. 73.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Activity at CLEAR Secure

In other news, Director Adam Wiener sold 5,000 shares of CLEAR Secure stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $30.00, for a total value of $150,000.00. Following the sale, the director directly owned 207,634 shares in the company, valued at $6,229,020. This trade represents a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenneth L. Cornick sold 228,374 shares of CLEAR Secure 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 in the company, valued at $3,807,835.22. This trade represents a 60.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 965,964 shares of company stock worth $24,388,299 over the last 90 days. Corporate insiders own 39.73% of the company's stock.

CLEAR Secure Price Performance

Shares of NYSE YOU traded up $0.31 during mid-day trading on Tuesday, hitting $29.85. The company's stock had a trading volume of 1,638,451 shares, compared to its average volume of 2,088,728. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 18.65 and a beta of 1.25. CLEAR Secure, Inc. has a one year low of $18.23 and a one year high of $38.88. The company's fifty day simple moving average is $26.39 and its 200-day simple moving average is $25.54.

CLEAR Secure (NYSE:YOU - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to analyst estimates of $208.02 million. CLEAR Secure had a net margin of 21.96% and a return on equity of 115.09%. The business's revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 earnings per share. On average, sell-side analysts predict that CLEAR Secure, Inc. will post 0.98 EPS for the current year.

CLEAR Secure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th were issued a dividend of $0.125 per share. The ex-dividend date was Tuesday, June 10th. This represents a $0.50 annualized dividend and a yield of 1.68%. CLEAR Secure's dividend payout ratio (DPR) is currently 31.25%.

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.