Legato Capital Management LLC Sells 15,262 Shares of Clear Secure, Inc. (NYSE:YOU)

Legato Capital Management LLC lessened its stake in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 57.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,278 shares of the company's stock after selling 15,262 shares during the quarter. Legato Capital Management LLC's holdings in Clear Secure were worth $300,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of YOU. SG Americas Securities LLC purchased a new stake in Clear Secure during the third quarter valued at about $322,000. CWM LLC lifted its stake in shares of Clear Secure by 77.0% in the third quarter. CWM LLC now owns 12,836 shares of the company's stock worth $425,000 after acquiring an additional 5,584 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of Clear Secure in the third quarter worth about $105,000. AlphaMark Advisors LLC acquired a new position in shares of Clear Secure in the third quarter worth about $403,000. Finally, Everence Capital Management Inc. acquired a new stake in Clear Secure during the third quarter valued at approximately $332,000. Institutional investors and hedge funds own 73.80% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on YOU. Telsey Advisory Group upped their target price on Clear Secure from $34.00 to $42.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Wedbush reissued a "neutral" rating and issued a $26.00 price objective (up from $24.00) on shares of Clear Secure in a report on Thursday, November 7th. Stifel Nicolaus increased 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. Finally, Needham & Company LLC reiterated a "buy" rating and set a $45.00 price objective on shares of Clear Secure in a research report on Monday, December 16th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Clear Secure has an average rating of "Moderate Buy" and a consensus target price of $35.20.

Clear Secure Price Performance

Shares of NYSE YOU traded up $0.24 during mid-day trading on Tuesday, hitting $22.78. The company had a trading volume of 1,068,705 shares, compared to its average volume of 1,549,590. The business's 50-day simple moving average is $25.47 and its 200-day simple moving average is $28.52. Clear Secure, Inc. has a 12 month low of $16.05 and a 12 month high of $38.88. The firm has a market cap of $3.18 billion, a P/E ratio of 26.42 and a beta of 1.38.

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.