Iridian Asset Management LLC CT Acquires 128,088 Shares of Clear Secure, Inc. (NYSE:YOU)

Iridian Asset Management LLC CT grew its stake in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 442.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 157,055 shares of the company's stock after acquiring an additional 128,088 shares during the period. Iridian Asset Management LLC CT owned about 0.10% of Clear Secure worth $3,243,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its position in shares of Clear Secure by 67.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 17,707 shares of the company's stock valued at $366,000 after acquiring an additional 7,139 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in shares of Clear Secure by 108.6% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 7,545 shares of the company's stock valued at $156,000 after buying an additional 3,928 shares in the last quarter. Asset Management One Co. Ltd. purchased a new stake in shares of Clear Secure during the 4th quarter valued at approximately $1,079,000. Arizona State Retirement System lifted its stake in shares of Clear Secure by 2.8% during the 4th quarter. Arizona State Retirement System now owns 21,143 shares of the company's stock valued at $437,000 after buying an additional 583 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Clear Secure by 80.0% during the 4th quarter. SG Americas Securities LLC now owns 20,229 shares of the company's stock valued at $418,000 after buying an additional 8,992 shares in the last quarter. 73.80% of the stock is owned by institutional investors.

Clear Secure Stock Performance

NYSE YOU traded down $0.42 on Friday, hitting $19.37. The stock had a trading volume of 967,864 shares, compared to its average volume of 1,506,421. Clear Secure, Inc. has a 52-week low of $15.28 and a 52-week high of $27.75. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 65.97 and a beta of 1.54. The firm has a 50-day moving average of $19.57 and a 200-day moving average of $19.67.

Clear Secure (NYSE:YOU - Get Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.16 EPS for the quarter, hitting analysts' consensus estimates of $0.16. The firm had revenue of $170.97 million for the quarter, compared to analyst estimates of $166.56 million. Clear Secure had a net margin of 4.58% and a return on equity of 9.66%. The business's revenue for the quarter was up 33.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.12) EPS. As a group, research analysts anticipate that Clear Secure, Inc. will post 0.41 earnings per share for the current fiscal year.

Clear Secure Increases Dividend

The business also recently declared a None dividend, which was paid on Monday, April 8th. Stockholders of record on Monday, April 1st were issued a $0.32 dividend. This is a positive change from Clear Secure's previous None dividend of $0.25. The ex-dividend date was Thursday, March 28th. Clear Secure's dividend payout ratio is presently 120.00%.

Insider Transactions at Clear Secure

In other news, insider Richard N. Jr. Patterson sold 7,500 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $20.00, for a total value of $150,000.00. Following the transaction, the insider now owns 41,727 shares of the company's stock, valued at approximately $834,540. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 39.94% of the company's stock.

Analyst Ratings Changes

YOU has been the topic of a number of recent research reports. TheStreet upgraded shares of Clear Secure from a "d+" rating to a "c-" rating in a research note on Friday, December 22nd. Needham & Company LLC restated a "buy" rating and set a $40.00 price target on shares of Clear Secure in a research note on Tuesday, March 26th. Wedbush restated a "neutral" rating and set a $23.00 price target on shares of Clear Secure in a research note on Wednesday, February 28th. Wells Fargo & Company restated an "underweight" rating and set a $20.00 price target on shares of Clear Secure in a research note on Wednesday, December 20th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $34.00 target price on shares of Clear Secure in a research note on Tuesday, March 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $28.80.

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.