Clear Secure, Inc. (NYSE:YOU) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC trimmed its position in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 23.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 150,948 shares of the company's stock after selling 46,561 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.11% of Clear Secure worth $4,021,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Clear Secure by 3.9% in the 4th quarter. Vanguard Group Inc. now owns 12,526,949 shares of the company's stock valued at $333,718,000 after acquiring an additional 473,207 shares during the last quarter. FMR LLC boosted its position in shares of Clear Secure by 30.6% in the third quarter. FMR LLC now owns 6,598,424 shares of the company's stock worth $218,672,000 after acquiring an additional 1,547,692 shares during the last quarter. State Street Corp grew its holdings in Clear Secure by 64.1% in the third quarter. State Street Corp now owns 3,360,945 shares of the company's stock valued at $111,381,000 after purchasing an additional 1,312,419 shares during the period. Pacer Advisors Inc. increased its position in Clear Secure by 24,161.2% during the fourth quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company's stock worth $81,300,000 after purchasing an additional 3,039,236 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Clear Secure by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,346,854 shares of the company's stock valued at $77,788,000 after purchasing an additional 141,208 shares during the last quarter. Hedge funds and other institutional investors own 73.80% of the company's stock.

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Clear Secure Price Performance

YOU traded down $0.16 during trading on Tuesday, hitting $25.76. The company had a trading volume of 1,223,960 shares, compared to its average volume of 1,964,677. The business has a 50-day moving average of $24.46 and a 200-day moving average of $27.92. The company has a market cap of $3.53 billion, a PE ratio of 29.95 and a beta of 1.37. Clear Secure, Inc. has a 1-year low of $16.05 and a 1-year high of $38.88.

Clear Secure Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.94%. The ex-dividend date was Monday, March 10th. Clear Secure's dividend payout ratio is currently 32.47%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on YOU. Stifel Nicolaus decreased their target price on Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $42.00 target price on shares of Clear Secure in a research report on Thursday, February 27th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $45.00 price objective on shares of Clear Secure in a research note on Monday, March 24th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $34.00.

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.