Personal CFO Solutions LLC Acquires New Position in CLEAR Secure, Inc. (NYSE:YOU)

Personal CFO Solutions 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. The institutional investor bought 10,030 shares of the company's stock, valued at approximately $260,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Envestnet Asset Management Inc. increased its position in CLEAR Secure by 55.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 289,756 shares of the company's stock valued at $7,508,000 after buying an additional 103,436 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in CLEAR Secure during the 1st quarter valued at $311,000. Principal Financial Group Inc. boosted its stake in CLEAR Secure by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 519,264 shares of the company's stock valued at $13,454,000 after purchasing an additional 11,633 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in CLEAR Secure during the 1st quarter valued at $337,000. Finally, First Horizon Advisors Inc. boosted its stake in CLEAR Secure by 72.0% during the 1st quarter. First Horizon Advisors Inc. now owns 1,474 shares of the company's stock valued at $38,000 after purchasing an additional 617 shares during the last quarter. Institutional investors own 73.80% of the company's stock.

Analyst Ratings Changes

YOU has been the topic of a number of research reports. 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. Wall Street Zen raised CLEAR Secure from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. Finally, Needham & Company LLC reissued a "buy" rating and set a $45.00 price target on shares of CLEAR Secure in a report on Monday, March 24th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $32.00.

Insider Transactions at CLEAR Secure

In other news, Director Adam Wiener sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $27.50, for a total transaction of $82,500.00. Following the transaction, the director directly owned 212,634 shares in the company, valued at $5,847,435. The trade was a 1.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kenneth L. Cornick sold 315,591 shares of CLEAR Secure stock in a transaction that occurred on 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 sale, the director directly owned 64,935 shares in the company, valued at approximately $1,624,673.70. The trade was a 82.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 960,964 shares of company stock worth $24,238,299 over the last ninety days. 39.73% of the stock is currently owned by corporate insiders.

CLEAR Secure Stock Performance

NYSE:YOU traded down $0.70 during trading hours on Friday, reaching $28.39. The company's stock had a trading volume of 1,256,035 shares, compared to its average volume of 2,068,434. The stock has a 50 day moving average price of $25.93 and a two-hundred day moving average price of $25.47. The company has a market capitalization of $3.78 billion, a P/E ratio of 17.74 and a beta of 1.25. CLEAR Secure, Inc. has a 12 month low of $18.23 and a 12 month high of $38.88.

CLEAR Secure (NYSE:YOU - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.04). CLEAR Secure had a net margin of 21.96% and a return on equity of 115.09%. The firm had revenue of $211.40 million during the quarter, compared to analyst estimates of $208.02 million. During the same period in the previous year, the company earned $0.28 earnings per share. CLEAR Secure's revenue was up 18.1% on a year-over-year basis. As a group, analysts predict that CLEAR Secure, Inc. will post 0.98 EPS for the current fiscal year.

CLEAR Secure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 10th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend was Tuesday, June 10th. CLEAR Secure's dividend payout ratio is presently 31.25%.

CLEAR Secure 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.