Clear Secure, Inc. (NYSE:YOU – Get Free Report) Director Alclear Investments Ii, Llc sold 150,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $33.04, for a total transaction of $4,956,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Alclear Investments Ii, Llc also recently made the following trade(s):
- On Monday, September 16th, Alclear Investments Ii, Llc sold 122,579 shares of Clear Secure stock. The stock was sold at an average price of $31.04, for a total transaction of $3,804,852.16.
- On Monday, September 9th, Alclear Investments Ii, Llc sold 227,021 shares of Clear Secure stock. The stock was sold at an average price of $31.05, for a total transaction of $7,049,002.05.
Clear Secure Price Performance
NYSE YOU opened at $32.85 on Friday. The firm’s fifty day moving average price is $26.26 and its 200 day moving average price is $21.26. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 58.66 and a beta of 1.65. Clear Secure, Inc. has a 12 month low of $15.28 and a 12 month high of $33.85.
Clear Secure Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 10th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Tuesday, September 10th. Clear Secure’s dividend payout ratio (DPR) is 71.43%.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Clear Secure by 11.7% in the 1st quarter. Vanguard Group Inc. now owns 10,571,993 shares of the company’s stock valued at $224,866,000 after buying an additional 1,111,330 shares during the last quarter. Renaissance Technologies LLC grew its position in Clear Secure by 56.5% during the 2nd quarter. Renaissance Technologies LLC now owns 2,954,100 shares of the company’s stock worth $55,271,000 after purchasing an additional 1,066,400 shares during the last quarter. Millennium Management LLC grew its position in Clear Secure by 56.3% during the 2nd quarter. Millennium Management LLC now owns 2,103,578 shares of the company’s stock worth $39,358,000 after purchasing an additional 757,528 shares during the last quarter. Rice Hall James & Associates LLC grew its position in Clear Secure by 303.6% during the 2nd quarter. Rice Hall James & Associates LLC now owns 1,199,649 shares of the company’s stock worth $22,445,000 after purchasing an additional 902,436 shares during the last quarter. Finally, Marshall Wace LLP grew its position in Clear Secure by 278.3% during the 2nd quarter. Marshall Wace LLP now owns 1,099,062 shares of the company’s stock worth $20,563,000 after purchasing an additional 808,515 shares during the last quarter. 73.80% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on YOU. The Goldman Sachs Group raised their price objective on shares of Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Telsey Advisory Group restated an “outperform” rating and issued a $34.00 price objective on shares of Clear Secure in a report on Wednesday, August 7th. Finally, Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective on shares of Clear Secure in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $29.20.
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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.
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