Teacher Retirement System of Texas Invests $337,000 in CLEAR Secure, Inc. (NYSE:YOU)

Teacher Retirement System of Texas purchased a new position in shares of CLEAR Secure, Inc. (NYSE:YOU - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 13,025 shares of the company's stock, valued at approximately $337,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Harbour Investments Inc. increased its position in shares of CLEAR Secure by 23.0% during the fourth quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock valued at $64,000 after acquiring an additional 450 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of CLEAR Secure by 0.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 62,763 shares of the company's stock worth $1,626,000 after acquiring an additional 481 shares during the period. Maryland State Retirement & Pension System boosted its holdings in shares of CLEAR Secure by 1.6% in the fourth quarter. Maryland State Retirement & Pension System now owns 31,661 shares of the company's stock worth $843,000 after acquiring an additional 509 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of CLEAR Secure by 3.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 18,737 shares of the company's stock worth $499,000 after acquiring an additional 612 shares during the period. Finally, First Horizon Advisors Inc. boosted its holdings in shares of CLEAR Secure by 72.0% in the first quarter. First Horizon Advisors Inc. now owns 1,474 shares of the company's stock worth $38,000 after acquiring an additional 617 shares during the period. 73.80% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CLEAR Secure

In other CLEAR Secure news, Director Kenneth L. Cornick sold 228,374 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $25.54, for a total value of $5,832,671.96. Following the transaction, the director directly owned 149,093 shares in the company, valued at $3,807,835.22. The trade was a 60.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Adam Wiener sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $30.00, for a total transaction of $150,000.00. Following the completion of the transaction, the director owned 207,634 shares in the company, valued at approximately $6,229,020. This represents a 2.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 965,964 shares of company stock valued at $24,388,299 in the last three months. Corporate insiders own 39.73% of the company's stock.

CLEAR Secure Price Performance

NYSE YOU traded down $0.82 on Friday, hitting $30.35. The stock had a trading volume of 1,805,777 shares, compared to its average volume of 2,088,805. The business's fifty day moving average price is $26.39 and its 200 day moving average price is $25.55. CLEAR Secure, Inc. has a 52-week low of $18.23 and a 52-week high of $38.88. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 18.97 and a beta of 1.25.

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

CLEAR Secure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 10th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.65%. CLEAR Secure's dividend payout ratio is currently 31.25%.

Wall Street Analyst Weigh In

YOU has been the topic of several analyst reports. Needham & Company LLC reiterated a "buy" rating and issued a $45.00 price objective on shares of CLEAR Secure in a report on Monday, March 24th. Wall Street Zen cut CLEAR Secure from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $32.00 price objective on shares of CLEAR Secure in a research report on Friday, May 9th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.