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

Personal CFO Solutions LLC purchased a new position in CLEAR Secure, Inc. (NYSE:YOU - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,030 shares of the company's stock, valued at approximately $260,000.

A number of other hedge funds also recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its holdings in shares of CLEAR Secure by 55.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 289,756 shares of the company's stock worth $7,508,000 after purchasing an additional 103,436 shares during the period. Penserra Capital Management LLC bought a new stake in CLEAR Secure during the 1st quarter valued at $311,000. Principal Financial Group Inc. raised its holdings 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 acquiring an additional 11,633 shares during the period. Teacher Retirement System of Texas bought a new stake in CLEAR Secure during the 1st quarter valued at $337,000. Finally, First Horizon Advisors Inc. raised its holdings 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 acquiring an additional 617 shares during the period. Institutional investors own 73.80% of the company's stock.

CLEAR Secure Price Performance

Shares of NYSE YOU traded down $0.70 during midday trading on Friday, hitting $28.39. The company's stock had a trading volume of 1,256,035 shares, compared to its average volume of 2,073,687. CLEAR Secure, Inc. has a 1 year low of $18.23 and a 1 year high of $38.88. The business's fifty day simple moving average is $25.93 and its two-hundred day simple moving average is $25.44. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 17.74 and a beta of 1.25.

CLEAR Secure (NYSE:YOU - Get Free Report) last announced its quarterly earnings data 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 prior year, the firm posted $0.28 earnings per share. The business's quarterly revenue was up 18.1% compared to the same quarter last year. Analysts anticipate that CLEAR Secure, Inc. will post 0.98 EPS for the current fiscal year.

CLEAR Secure Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend was Tuesday, June 10th. CLEAR Secure's dividend payout ratio (DPR) is 31.25%.

Insider Activity at CLEAR Secure

In related news, Director Kenneth L. Cornick sold 228,374 shares of the firm's stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Adam Wiener sold 3,000 shares of CLEAR Secure stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $27.50, for a total value of $82,500.00. Following the transaction, the director directly owned 212,634 shares in the company, valued at approximately $5,847,435. The trade was a 1.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 960,964 shares of company stock valued at $24,238,299 in the last ninety days. 39.73% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.