Nisa Investment Advisors LLC Boosts Position in CLEAR Secure, Inc. (NYSE:YOU)

Nisa Investment Advisors LLC boosted its stake in CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 134.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,907 shares of the company's stock after acquiring an additional 9,117 shares during the quarter. Nisa Investment Advisors LLC's holdings in CLEAR Secure were worth $412,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in CLEAR Secure by 3.9% during the 4th quarter. Vanguard Group Inc. now owns 12,526,949 shares of the company's stock worth $333,718,000 after purchasing an additional 473,207 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of CLEAR Secure by 15.7% in 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 last quarter. Wellington Management Group LLP increased its holdings in shares of CLEAR Secure by 74.9% in the 4th quarter. Wellington Management Group LLP now owns 3,322,514 shares of the company's stock valued at $88,512,000 after acquiring an additional 1,422,999 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of CLEAR Secure by 112.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,766,798 shares of the company's stock valued at $73,707,000 after purchasing an additional 1,463,748 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of CLEAR Secure by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 2,433,165 shares of the company's stock valued at $64,832,000 after purchasing an additional 86,311 shares during the last quarter. Hedge funds and other institutional investors own 73.80% of the company's stock.

Insider Activity at CLEAR Secure

In related news, Director Kenneth L. Cornick sold 228,374 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was 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 represents a 60.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Adam Wiener sold 3,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $27.50, for a total value of $82,500.00. Following the transaction, the director owned 212,634 shares in the company, valued at $5,847,435. This represents a 1.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 960,964 shares of company stock valued at $24,238,299. 39.73% of the stock is owned by corporate insiders.

CLEAR Secure Price Performance

NYSE YOU opened at $29.54 on Thursday. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 18.46 and a beta of 1.25. The company has a 50 day simple moving average of $26.12 and a 200-day simple moving average of $25.51. CLEAR Secure, Inc. has a 52-week low of $18.23 and a 52-week high of $38.88.

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

CLEAR Secure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 10th were paid 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 1.69%. CLEAR Secure's payout ratio is 31.25%.

Analyst Ratings Changes

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

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.

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