12,350 Shares in Clear Secure, Inc. (NYSE:YOU) Bought by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC acquired a new position in Clear Secure, Inc. (NYSE:YOU - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,350 shares of the company's stock, valued at approximately $329,000.

A number of other large investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Clear Secure by 3.9% in the fourth quarter. Vanguard Group Inc. now owns 12,526,949 shares of the company's stock valued at $333,718,000 after purchasing an additional 473,207 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Clear Secure by 15.7% during the fourth quarter. Renaissance Technologies LLC now owns 3,698,159 shares of the company's stock valued at $98,519,000 after buying an additional 501,000 shares during the period. Wellington Management Group LLP grew its holdings 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 purchasing an additional 1,422,999 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Clear Secure by 24,161.2% in the 4th quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company's stock worth $81,300,000 after buying an additional 3,039,236 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in 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 purchasing an additional 1,463,748 shares during the last quarter. Institutional investors own 73.80% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on YOU. Needham & Company LLC reaffirmed a "buy" rating and issued a $45.00 target price on shares of Clear Secure in a research note on Monday, March 24th. Stifel Nicolaus cut their price objective on Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $32.00 price target on shares of Clear Secure in a research report on Friday, May 9th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Clear Secure currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.00.

Insider Activity at Clear Secure

In related news, Director Kenneth L. Cornick sold 122,533 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $25.51, for a total value of $3,125,816.83. Following the transaction, the director now directly owns 64,935 shares of the company's stock, valued at $1,656,491.85. This represents a 65.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 957,964 shares of company stock valued at $24,155,799 over the last quarter. 39.73% of the stock is owned by corporate insiders.

Clear Secure Stock Down 0.6%

YOU stock traded down $0.16 during trading on Wednesday, hitting $24.32. The company had a trading volume of 168,153 shares, compared to its average volume of 2,021,713. The firm has a market capitalization of $3.33 billion, a P/E ratio of 28.37 and a beta of 1.25. The company has a 50 day simple moving average of $25.51 and a 200-day simple moving average of $25.49. Clear Secure, Inc. has a 52-week low of $16.53 and a 52-week high of $38.88.

Clear Secure (NYSE:YOU - Get Free Report) last released its quarterly earnings data 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). Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The firm had revenue of $211.40 million during the quarter, compared to the consensus estimate of $208.02 million. During the same quarter in the previous year, the firm earned $0.28 earnings per share. The business's revenue was up 18.1% compared to the same quarter last year. Sell-side analysts forecast that Clear Secure, Inc. will post 0.98 earnings per share for the current year.

Clear Secure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 10th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Tuesday, June 10th. Clear Secure's dividend payout ratio (DPR) is currently 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.