Clear Secure, Inc. (NYSE:YOU) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 17.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 141,467 shares of the company's stock after selling 29,157 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.10% of Clear Secure worth $4,688,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of YOU. 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. Capital Performance Advisors LLP bought a new stake in Clear Secure during the 3rd quarter valued at $26,000. Future Financial Wealth Managment LLC purchased a new position in shares of Clear Secure in the 3rd quarter valued at $33,000. KBC Group NV bought a new position in shares of Clear Secure in the 3rd quarter worth $90,000. Finally, Plato Investment Management Ltd lifted its stake in shares of Clear Secure by 10,535.4% during the 2nd quarter. Plato Investment Management Ltd now owns 5,105 shares of the company's stock worth $96,000 after purchasing an additional 5,057 shares during the last quarter. 73.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on YOU shares. Needham & Company LLC restated a "buy" rating and issued a $45.00 target price on shares of Clear Secure in a research note on Friday, November 8th. Stifel Nicolaus upped their price objective on shares of Clear Secure from $24.00 to $32.00 and gave the company a "hold" rating in a report on Monday, October 28th. Telsey Advisory Group raised their target price on shares of Clear Secure from $34.00 to $42.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Finally, Wedbush reaffirmed a "neutral" rating and issued a $26.00 price target (up from $24.00) on shares of Clear Secure in a report on Thursday, November 7th. One equities 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $32.67.

Clear Secure Price Performance

NYSE YOU traded down $0.39 on Thursday, hitting $26.99. The company had a trading volume of 1,078,425 shares, compared to its average volume of 1,793,021. The company's fifty day moving average price is $31.00 and its 200-day moving average price is $26.30. The company has a market capitalization of $3.76 billion, a PE ratio of 31.84 and a beta of 1.43. Clear Secure, Inc. has a 12-month low of $16.05 and a 12-month high of $38.88.

Clear Secure (NYSE:YOU - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.03). The firm had revenue of $198.40 million for the quarter, compared to analysts' expectations of $194.62 million. Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. Clear Secure's quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 earnings per share. On average, sell-side analysts anticipate that Clear Secure, Inc. will post 0.98 EPS for the current year.

Clear Secure Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 10th will be issued a $0.125 dividend. This is an increase from Clear Secure's previous quarterly dividend of $0.10. 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 1.85%. Clear Secure's dividend payout ratio is presently 58.14%.

Insiders Place Their Bets

In other 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alclear Investments Ii, Llc sold 150,000 shares of the business's stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $34.08, for a total transaction of $5,112,000.00. The disclosure for this sale can be found here. Insiders have sold 672,579 shares of company stock valued at $21,947,852 in the last ninety days. 37.85% of the stock is currently owned by corporate insiders.

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.