Edgestream Partners L.P. Raises Stock Position in CLEAR Secure, Inc. (NYSE:YOU)

Edgestream Partners L.P. boosted its stake in CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 10.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,931 shares of the company's stock after acquiring an additional 9,473 shares during the period. Edgestream Partners L.P. owned about 0.07% of CLEAR Secure worth $2,537,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. CWM LLC lifted its position in CLEAR Secure by 40.9% in the first quarter. CWM LLC now owns 19,507 shares of the company's stock valued at $505,000 after acquiring an additional 5,664 shares during the last quarter. New York State Common Retirement Fund lifted its position in CLEAR Secure by 6.3% in the first quarter. New York State Common Retirement Fund now owns 28,913 shares of the company's stock valued at $749,000 after acquiring an additional 1,712 shares during the last quarter. Arizona State Retirement System lifted its position in CLEAR Secure by 6.5% in the first quarter. Arizona State Retirement System now owns 25,673 shares of the company's stock valued at $665,000 after acquiring an additional 1,578 shares during the last quarter. Alps Advisors Inc. lifted its position in CLEAR Secure by 23.9% in the first quarter. Alps Advisors Inc. now owns 13,627 shares of the company's stock valued at $353,000 after acquiring an additional 2,627 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in CLEAR Secure by 134.3% in the first quarter. Nisa Investment Advisors LLC now owns 15,907 shares of the company's stock valued at $412,000 after acquiring an additional 9,117 shares during the last quarter. 73.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wall Street Zen cut shares of CLEAR Secure from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Needham & Company LLC reiterated a "buy" rating and set 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 set a $32.00 target price on shares of CLEAR Secure in a research note on Friday, May 9th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $32.00.

Insider Activity

In related news, Director Kenneth L. Cornick sold 315,591 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $25.02, for a total transaction of $7,896,086.82. Following the completion of the transaction, the director directly owned 64,935 shares of the company's stock, valued at $1,624,673.70. This represents a 82.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Adam Wiener sold 5,000 shares of the stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $30.00, for a total transaction of $150,000.00. Following the transaction, the director directly owned 207,634 shares of the company's stock, valued at $6,229,020. This represents a 2.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 965,964 shares of company stock valued at $24,388,299 over the last three months. 39.73% of the stock is currently owned by corporate insiders.

CLEAR Secure Trading Down 2.6%

Shares of YOU traded down $0.82 during mid-day trading on Friday, hitting $30.35. 1,805,777 shares of the company's stock were exchanged, compared to its average volume of 2,082,527. CLEAR Secure, Inc. has a fifty-two week low of $18.23 and a fifty-two week high of $38.88. The firm has a market capitalization of $4.04 billion, a P/E ratio of 18.97 and a beta of 1.25. The business's 50 day moving average is $26.26 and its two-hundred day moving average is $25.53.

CLEAR Secure (NYSE:YOU - Get Free Report) last announced its 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). CLEAR Secure had a return on equity of 115.09% and a net margin of 21.96%. The business had revenue of $211.40 million for the quarter, compared to analyst estimates of $208.02 million. During the same quarter last year, the company posted $0.28 EPS. CLEAR Secure's quarterly revenue was up 18.1% on a year-over-year basis. On average, equities research analysts forecast that CLEAR Secure, Inc. will post 0.98 earnings per share for the current year.

CLEAR Secure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Investors 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 1.65%. CLEAR Secure's dividend payout ratio is currently 31.25%.

CLEAR Secure Company 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.