Algert Global LLC Sells 206,268 Shares of Clear Secure, Inc. (NYSE:YOU)

Algert Global LLC cut its holdings in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 75.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,699 shares of the company's stock after selling 206,268 shares during the quarter. Algert Global LLC's holdings in Clear Secure were worth $2,244,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in YOU. Vanguard Group Inc. increased its stake in shares of Clear Secure by 11.7% during the first quarter. Vanguard Group Inc. now owns 10,571,993 shares of the company's stock worth $224,866,000 after purchasing an additional 1,111,330 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Clear Secure by 47.5% during the first quarter. Lazard Asset Management LLC now owns 15,484 shares of the company's stock worth $328,000 after buying an additional 4,988 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Clear Secure by 15.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 52,195 shares of the company's stock worth $1,111,000 after buying an additional 7,042 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Clear Secure by 232.1% in the first quarter. Janus Henderson Group PLC now owns 115,282 shares of the company's stock valued at $2,452,000 after acquiring an additional 80,569 shares during the period. Finally, First Hawaiian Bank acquired a new position in shares of Clear Secure in the second quarter valued at about $381,000. Institutional investors own 73.80% of the company's stock.

Insiders Place Their Bets

In related news, Director Alclear Investments Ii, Llc sold 150,000 shares of the stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kenneth L. Cornick sold 79,935 shares of Clear Secure stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $30.04, for a total value of $2,401,247.40. The disclosure for this sale can be found here. Insiders sold a total of 981,435 shares of company stock valued at $31,457,077 in the last 90 days. Corporate insiders own 37.85% of the company's stock.

Clear Secure Trading Down 2.3 %

NYSE YOU traded down $0.61 during trading on Wednesday, hitting $26.11. 1,814,209 shares of the company's stock were exchanged, compared to its average volume of 1,788,849. The company has a market cap of $3.64 billion, a PE ratio of 30.36 and a beta of 1.63. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $38.88. The stock's 50 day moving average price is $32.26 and its two-hundred day moving average price is $25.63.

Clear Secure (NYSE:YOU - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.03). The company had revenue of $198.40 million for the quarter, compared to analyst estimates of $194.62 million. Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. Clear Secure's revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.20 earnings per share. Analysts forecast that Clear Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

Clear Secure Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.91%. This is a positive change from Clear Secure's previous quarterly dividend of $0.10. Clear Secure's payout ratio is currently 46.51%.

Wall Street Analysts Forecast Growth

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

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.