Transcend Capital Advisors LLC Purchases New Stake in CLEAR Secure, Inc. (NYSE:YOU)

Transcend Capital Advisors LLC acquired a new position in shares of CLEAR Secure, Inc. (NYSE:YOU - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 54,527 shares of the company's stock, valued at approximately $1,413,000.

Other large investors have also recently made changes to their positions in the company. Renaissance Technologies LLC raised its position in shares of CLEAR Secure by 15.7% in the fourth quarter. Renaissance Technologies LLC now owns 3,698,159 shares of the company's stock valued at $98,519,000 after purchasing an additional 501,000 shares during the period. Raymond James Financial Inc. bought a new position in CLEAR Secure in the fourth quarter valued at $1,695,000. William Blair Investment Management LLC purchased a new position in CLEAR Secure in the 4th quarter worth approximately $37,697,000. Cerity Partners LLC grew its holdings in CLEAR Secure by 1,557.5% in the 4th quarter. Cerity Partners LLC now owns 345,137 shares of the company's stock worth $9,211,000 after acquiring an additional 324,314 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in CLEAR Secure by 65.0% in the fourth quarter. Victory Capital Management Inc. now owns 738,393 shares of the company's stock valued at $19,671,000 after acquiring an additional 290,749 shares in the last quarter. 73.80% of the stock is owned by institutional investors.

Insider Activity at CLEAR Secure

In related news, Director Kenneth L. Cornick sold 228,374 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $25.54, for a total value of $5,832,671.96. Following the completion of the transaction, the director directly owned 149,093 shares of the company's stock, valued at approximately $3,807,835.22. This represents a 60.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 957,964 shares of company stock worth $24,155,799 in the last three months. 39.73% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

YOU has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $45.00 target price on shares of CLEAR Secure in a research report on Monday, March 24th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $32.00 target price on shares of CLEAR Secure in a research report on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, CLEAR Secure has a consensus rating of "Moderate Buy" and an average target price of $32.00.

CLEAR Secure Stock Up 1.0%

Shares of YOU stock traded up $0.28 during trading hours on Tuesday, hitting $28.04. 1,967,256 shares of the company's stock were exchanged, compared to its average volume of 2,047,030. CLEAR Secure, Inc. has a fifty-two week low of $18.23 and a fifty-two week high of $38.88. The firm has a market cap of $3.73 billion, a P/E ratio of 17.53 and a beta of 1.22. The firm has a 50 day moving average of $25.31 and a two-hundred day moving average of $25.31.

CLEAR Secure (NYSE:YOU - Get Free Report) last posted 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). The company had revenue of $211.40 million for 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 business's revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.28 earnings per share. On average, equities analysts forecast that CLEAR Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

CLEAR Secure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 10th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.78%. 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.