Clear Secure, Inc. (NYSE:YOU) Shares Acquired by Amalgamated Bank

Amalgamated Bank grew its stake in Clear Secure, Inc. (NYSE:YOU - Free Report) by 844.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,826 shares of the company's stock after acquiring an additional 23,985 shares during the period. Amalgamated Bank's holdings in Clear Secure were worth $889,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. University of Texas Texas AM Investment Management Co. bought a new position in shares of Clear Secure during the second quarter valued at approximately $26,000. Future Financial Wealth Managment LLC purchased a new position in shares of Clear Secure in the 3rd quarter valued at $33,000. Plato Investment Management Ltd raised its position in shares of Clear Secure by 10,535.4% in the 2nd quarter. Plato Investment Management Ltd now owns 5,105 shares of the company's stock worth $96,000 after acquiring an additional 5,057 shares in the last quarter. NBC Securities Inc. bought a new position in shares of Clear Secure in the 3rd quarter worth $105,000. Finally, Quarry LP lifted its stake in shares of Clear Secure by 406.1% during the 2nd quarter. Quarry LP now owns 5,719 shares of the company's stock worth $107,000 after purchasing an additional 4,589 shares during the last quarter. 73.80% of the stock is owned by hedge funds and other institutional investors.

Clear Secure Trading Down 2.5 %

Shares of YOU stock traded down $0.68 during trading hours on Friday, hitting $26.23. The company's stock had a trading volume of 2,701,351 shares, compared to its average volume of 1,780,298. The stock has a market cap of $3.65 billion, a PE ratio of 30.14 and a beta of 1.63. Clear Secure, Inc. has a 12-month low of $16.05 and a 12-month high of $38.88. The company has a 50 day moving average of $32.88 and a 200 day moving average of $25.04.

Clear Secure (NYSE:YOU - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.03). The business had revenue of $198.40 million during the quarter, compared to analysts' expectations of $194.62 million. Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. Clear Secure's revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.20 earnings per share. As a group, analysts anticipate that Clear Secure, Inc. will post 1.01 earnings per share for the current fiscal year.

Clear Secure Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 10th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.91%. This is a positive change from Clear Secure's previous quarterly dividend of $0.10. The ex-dividend date is Tuesday, December 10th. Clear Secure's payout ratio is 58.14%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. The Goldman Sachs Group boosted their target price on shares of Clear Secure from $27.00 to $31.00 and gave the stock a "buy" rating in a report on Thursday, August 8th. Wedbush reaffirmed a "neutral" rating and set a $26.00 price target (up from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Needham & Company LLC reaffirmed a "buy" rating and issued a $45.00 price objective on shares of Clear Secure in a research report on Friday, November 8th. Stifel Nicolaus lifted their target price on shares of Clear Secure from $24.00 to $32.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. Finally, Telsey Advisory Group lifted their price objective on shares of Clear Secure from $34.00 to $42.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $32.67.

Insider Activity at Clear Secure

In other Clear Secure news, Director Alclear Investments Ii, Llc sold 150,000 shares of the firm's stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $34.08, for a total value of $5,112,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Dennis W. Liu sold 1,500 shares of the business's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $31.05, for a total value of $46,575.00. Following the completion of the sale, the chief accounting officer now owns 7,211 shares of the company's stock, valued at $223,901.55. This trade represents a 17.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,006,435 shares of company stock worth $32,173,077 in the last three months. Company insiders own 37.85% of the company's stock.

About Clear Secure

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.