Clear Secure, Inc. (NYSE:YOU) Shares Sold by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp decreased its holdings in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 44.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,600 shares of the company's stock after selling 45,700 shares during the period. OMERS ADMINISTRATION Corp's holdings in Clear Secure were worth $1,508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its position in Clear Secure by 10.9% during the third quarter. Franklin Resources Inc. now owns 46,175 shares of the company's stock worth $1,612,000 after acquiring an additional 4,527 shares during the period. Principal Financial Group Inc. raised its position in shares of Clear Secure by 3,937.1% during the 3rd quarter. Principal Financial Group Inc. now owns 478,760 shares of the company's stock worth $15,866,000 after purchasing an additional 466,901 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in Clear Secure by 15.5% in the 4th quarter. Arkadios Wealth Advisors now owns 13,742 shares of the company's stock valued at $366,000 after buying an additional 1,848 shares in the last quarter. Hanseatic Management Services Inc. purchased a new position in Clear Secure in the 4th quarter valued at about $446,000. Finally, Nisa Investment Advisors LLC boosted its holdings in Clear Secure by 468.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,790 shares of the company's stock worth $181,000 after buying an additional 5,596 shares during the last quarter. Institutional investors and hedge funds own 73.80% of the company's stock.

Clear Secure Stock Up 1.3%

YOU traded up $0.32 during trading on Wednesday, reaching $25.49. The company's stock had a trading volume of 400,702 shares, compared to its average volume of 2,014,795. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 29.60 and a beta of 1.25. The firm has a fifty day simple moving average of $25.69 and a two-hundred day simple moving average of $25.79. Clear Secure, Inc. has a 1 year low of $16.48 and a 1 year high of $38.88.

Clear Secure (NYSE:YOU - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates 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 return on equity of 48.28% and a net margin of 10.93%. The business's quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.28 EPS. As a group, equities analysts forecast that Clear Secure, Inc. will post 0.98 EPS for the current fiscal year.

Clear Secure Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 10th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.96%. Clear Secure's payout ratio is 31.25%.

Wall Street Analysts Forecast Growth

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

Insider Activity at Clear Secure

In other news, Director Kenneth L. Cornick sold 291,466 shares of Clear Secure stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $25.05, for a total transaction of $7,301,223.30. Following the sale, the director now owns 64,935 shares of the company's stock, valued at approximately $1,626,621.75. The trade was a 81.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 39.73% of the stock is currently owned by insiders.

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.