26,389 Shares in Clear Secure, Inc. (NYSE:YOU) Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. purchased a new stake in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 26,389 shares of the company's stock, valued at approximately $684,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Choreo LLC lifted its holdings in Clear Secure by 62.6% in the 4th quarter. Choreo LLC now owns 9,923 shares of the company's stock worth $269,000 after buying an additional 3,819 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in Clear Secure by 1.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 45,400 shares of the company's stock worth $1,209,000 after buying an additional 800 shares in the last quarter. New York State Teachers Retirement System boosted its stake in Clear Secure by 24.4% in the 4th quarter. New York State Teachers Retirement System now owns 47,756 shares of the company's stock worth $1,272,000 after purchasing an additional 9,380 shares during the period. Blue Trust Inc. boosted its stake in Clear Secure by 376.0% in the 4th quarter. Blue Trust Inc. now owns 3,413 shares of the company's stock worth $91,000 after purchasing an additional 2,696 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Clear Secure by 6.0% during the 4th quarter. Principal Financial Group Inc. now owns 507,631 shares of the company's stock valued at $13,523,000 after buying an additional 28,871 shares during the period. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Clear Secure

In other news, Director Kenneth L. Cornick sold 228,374 shares of the business's stock in a transaction 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 now owns 149,093 shares of the company's stock, valued at approximately $3,807,835.22. The trade was a 60.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 957,964 shares of company stock worth $24,155,799. Company insiders own 39.73% of the company's stock.

Analyst Upgrades and Downgrades

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

Clear Secure Stock Down 4.1%

YOU traded down $1.04 during trading on Friday, hitting $24.35. 1,186,487 shares of the company's stock were exchanged, compared to its average volume of 2,020,111. The business's 50 day moving average is $25.36 and its two-hundred day moving average is $25.39. The stock has a market cap of $3.24 billion, a P/E ratio of 28.31 and a beta of 1.22. Clear Secure, Inc. has a fifty-two week low of $17.68 and a fifty-two week high of $38.88.

Clear Secure (NYSE:YOU - Get Free Report) last issued its 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 business 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 48.28% and a net margin of 10.93%. Clear Secure'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 earned $0.28 EPS. On average, sell-side 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 will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 10th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Tuesday, June 10th. Clear Secure's payout ratio is 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.