Penserra Capital Management LLC Makes New $311,000 Investment in CLEAR Secure, Inc. (NYSE:YOU)

Penserra Capital Management LLC bought a new stake in shares of CLEAR Secure, Inc. (NYSE:YOU - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,028 shares of the company's stock, valued at approximately $311,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of CLEAR Secure by 3.9% in the fourth 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 period. Renaissance Technologies LLC boosted its position in shares of CLEAR Secure by 15.7% during the fourth quarter. Renaissance Technologies LLC now owns 3,698,159 shares of the company's stock worth $98,519,000 after acquiring an additional 501,000 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of CLEAR Secure by 74.9% during the fourth quarter. Wellington Management Group LLP now owns 3,322,514 shares of the company's stock worth $88,512,000 after acquiring an additional 1,422,999 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position 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 worth $73,707,000 after acquiring an additional 1,463,748 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position 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 worth $64,832,000 after acquiring an additional 86,311 shares during the last quarter. 73.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

CLEAR Secure Price Performance

Shares of YOU traded up $0.27 during midday trading on Tuesday, hitting $29.03. The stock had a trading volume of 1,229,403 shares, compared to its average volume of 2,066,131. CLEAR Secure, Inc. has a 1 year low of $18.23 and a 1 year high of $38.88. The firm has a market cap of $3.86 billion, a PE ratio of 18.15 and a beta of 1.25. The stock's 50 day moving average is $26.00 and its 200 day moving average is $25.45.

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). The firm had revenue of $211.40 million during 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 company's revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.28 EPS. As a group, equities research analysts expect that CLEAR Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

CLEAR Secure Dividend Announcement

The firm 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. This represents a $0.50 annualized dividend and a yield of 1.72%. The ex-dividend date was Tuesday, June 10th. CLEAR Secure's payout ratio is 31.25%.

Insider Activity

In other news, Director Kenneth L. Cornick sold 315,591 shares of the firm's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $25.02, for a total value of $7,896,086.82. Following the sale, the director directly owned 64,935 shares in the company, valued at approximately $1,624,673.70. This trade represents a 82.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Adam Wiener sold 3,000 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $27.50, for a total transaction of $82,500.00. Following the completion of the sale, 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. Over the last quarter, insiders have sold 960,964 shares of company stock worth $24,238,299. 39.73% of the stock is owned by company insiders.

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.