Massachusetts Financial Services Co. MA Sells 27,871 Shares of CLEAR Secure, Inc. (NYSE:YOU)

Massachusetts Financial Services Co. MA cut its position in shares of CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 18.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,336 shares of the company's stock after selling 27,871 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.09% of CLEAR Secure worth $3,118,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Harbor Investment Advisory LLC purchased a new position in CLEAR Secure during the first quarter valued at $27,000. Fifth Third Bancorp raised its stake in CLEAR Secure by 217.0% during the first quarter. Fifth Third Bancorp now owns 1,116 shares of the company's stock valued at $29,000 after buying an additional 764 shares during the last quarter. Huntington National Bank purchased a new position in CLEAR Secure during the fourth quarter valued at $35,000. First Horizon Advisors Inc. raised its stake in CLEAR Secure by 72.0% during the first quarter. First Horizon Advisors Inc. now owns 1,474 shares of the company's stock valued at $38,000 after buying an additional 617 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL raised its stake in CLEAR Secure by 113,800.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 2,278 shares of the company's stock valued at $61,000 after buying an additional 2,276 shares during the last quarter. 73.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other CLEAR Secure news, Director Adam Wiener sold 5,000 shares of the company's stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $30.00, for a total value of $150,000.00. Following the completion of the sale, the director owned 207,634 shares in the company, valued at $6,229,020. This represents a 2.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Kenneth L. Cornick sold 228,374 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $25.54, for a total value of $5,832,671.96. Following the completion of the transaction, the director directly owned 149,093 shares in the company, valued at $3,807,835.22. This trade represents a 60.50% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 965,964 shares of company stock valued at $24,388,299. 39.73% of the stock is owned by company insiders.

CLEAR Secure Stock Performance

Shares of YOU stock traded down $0.82 during mid-day trading on Friday, hitting $30.35. The company's stock had a trading volume of 1,805,777 shares, compared to its average volume of 2,088,805. CLEAR Secure, Inc. has a 52-week low of $18.23 and a 52-week high of $38.88. The business has a 50-day moving average price of $26.39 and a 200 day moving average price of $25.55. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 18.97 and a beta of 1.25.

CLEAR Secure (NYSE:YOU - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.26 EPS 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 analysts' expectations of $208.02 million. CLEAR Secure had a net margin of 21.96% and a return on equity of 115.09%. The firm's revenue was up 18.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 EPS. Equities research analysts predict that CLEAR Secure, Inc. will post 0.98 EPS for the current fiscal year.

CLEAR Secure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 10th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date was Tuesday, June 10th. CLEAR Secure's dividend payout ratio (DPR) is presently 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.