CLEAR Secure, Inc. (NYSE:YOU) Shares Sold by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC cut its position in CLEAR Secure, Inc. (NYSE:YOU) by 97.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,633 shares of the company’s stock after selling 123,274 shares during the quarter. New Age Alpha Advisors LLC’s holdings in CLEAR Secure were worth $68,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of YOU. Wellington Management Group LLP grew its stake in CLEAR Secure by 74.9% during the 4th 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. Copeland Capital Management LLC grew its stake in CLEAR Secure by 71.4% during the 1st quarter. Copeland Capital Management LLC now owns 1,976,459 shares of the company’s stock worth $51,210,000 after purchasing an additional 823,166 shares in the last quarter. Ribbit Management Company LLC acquired a new position in CLEAR Secure during the 4th quarter worth $14,598,000. Castellan Group acquired a new position in CLEAR Secure during the 1st quarter worth $12,342,000. Finally, Jefferies Financial Group Inc. grew its stake in CLEAR Secure by 2,000.1% during the 1st quarter. Jefferies Financial Group Inc. now owns 450,297 shares of the company’s stock worth $11,667,000 after purchasing an additional 428,855 shares in the last quarter. 73.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Telsey Advisory Group boosted their target price on CLEAR Secure from $32.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. The Goldman Sachs Group boosted their target price on CLEAR Secure from $33.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Wall Street Zen cut CLEAR Secure from a “buy” rating to a “hold” rating in a research note on Sunday, July 13th. Wells Fargo & Company boosted their target price on CLEAR Secure from $23.00 to $25.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 6th. Finally, Stifel Nicolaus boosted their target price on CLEAR Secure from $26.00 to $28.00 and gave the stock a “hold” rating in a research note on Tuesday, July 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, CLEAR Secure has a consensus rating of “Hold” and an average target price of $33.00.

Insiders Place Their Bets

In related news, Director Adam Wiener sold 5,000 shares of the company’s stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $30.00, for a total value of $150,000.00. Following the completion of the sale, the director directly owned 207,634 shares of the company’s stock, valued at $6,229,020. This represents a 2.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Dennis W. Liu sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $33.60, for a total value of $168,000.00. Following the completion of the sale, the chief accounting officer directly owned 13,923 shares of the company’s stock, valued at approximately $467,812.80. This trade represents a 26.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 990,964 shares of company stock valued at $25,212,499 over the last quarter. Corporate insiders own 39.73% of the company’s stock.

CLEAR Secure Price Performance

Shares of NYSE YOU opened at $32.10 on Tuesday. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of 20.06 and a beta of 1.25. The business has a 50-day moving average of $28.24 and a two-hundred day moving average of $26.04. CLEAR Secure, Inc. has a 1 year low of $21.67 and a 1 year high of $38.88.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. The company had revenue of $219.47 million during the quarter, compared to the consensus estimate of $214.90 million. CLEAR Secure had a return on equity of 122.69% and a net margin of 21.17%. CLEAR Secure’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.34 EPS. As a group, equities research analysts expect that CLEAR Secure, Inc. will post 0.98 earnings per share for the current year.

CLEAR Secure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 10th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 10th. CLEAR Secure’s payout ratio is 31.25%.

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.