20,823 Shares in Clear Secure, Inc. (NYSE:YOU) Acquired by Cerity Partners LLC

Cerity Partners LLC purchased a new stake in Clear Secure, Inc. (NYSE:YOU - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 20,823 shares of the company's stock, valued at approximately $690,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of YOU. Renaissance Technologies LLC grew its holdings in shares of Clear Secure by 56.5% during the second quarter. Renaissance Technologies LLC now owns 2,954,100 shares of the company's stock valued at $55,271,000 after buying an additional 1,066,400 shares during the last quarter. Millennium Management LLC lifted its position in Clear Secure by 56.3% in the 2nd quarter. Millennium Management LLC now owns 2,103,578 shares of the company's stock valued at $39,358,000 after acquiring an additional 757,528 shares in the last quarter. Rice Hall James & Associates LLC boosted its stake in Clear Secure by 14.6% during the 3rd quarter. Rice Hall James & Associates LLC now owns 1,374,670 shares of the company's stock valued at $45,557,000 after purchasing an additional 175,021 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in Clear Secure by 6.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 1,214,456 shares of the company's stock worth $40,247,000 after purchasing an additional 73,303 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in shares of Clear Secure by 278.3% in the second 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. Institutional investors own 73.80% of the company's stock.

Insider Activity

In other Clear Secure news, CFO Kenneth L. Cornick sold 250,000 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $32.30, for a total transaction of $8,075,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Alclear Investments Ii, Llc sold 227,021 shares of Clear Secure stock in a transaction on Monday, September 9th. The shares were sold at an average price of $31.05, for a total value of $7,049,002.05. The disclosure for this sale can be found here. Insiders have sold 901,500 shares of company stock valued at $29,055,829 in the last 90 days. Insiders own 37.85% of the company's stock.

Clear Secure Stock Up 0.1 %

YOU traded up $0.02 during trading on Friday, hitting $27.07. 2,492,959 shares of the company traded hands, compared to its average volume of 2,622,303. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $38.88. The stock's fifty day moving average is $31.26 and its 200 day moving average is $26.01. The firm has a market cap of $3.77 billion, a P/E ratio of 31.47 and a beta of 1.43.

Clear Secure (NYSE:YOU - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.03). The company 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%. The firm's revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.20 earnings per share. On average, equities research analysts forecast that Clear Secure, Inc. will post 0.98 EPS 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. Shareholders of record on Tuesday, December 10th will be given a $0.125 dividend. This is an increase from Clear Secure's previous quarterly dividend of $0.10. This represents a $0.50 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Tuesday, December 10th. Clear Secure's dividend payout ratio (DPR) is currently 46.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on YOU shares. Telsey Advisory Group upped their price target on Clear Secure from $34.00 to $42.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Wedbush reiterated a "neutral" rating and issued a $26.00 target price (up previously from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. Needham & Company LLC reiterated a "buy" rating and issued a $45.00 target price on shares of Clear Secure in a report on Friday, November 8th. Finally, Stifel Nicolaus boosted their price target on shares of Clear Secure from $24.00 to $32.00 and gave the stock a "hold" rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $32.67.

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.