Left Brain Wealth Management LLC purchased a new stake in CLEAR Secure, Inc. (NYSE:YOU – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 9,225 shares of the company’s stock, valued at approximately $256,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Durable Capital Partners LP bought a new position in shares of CLEAR Secure in the first quarter worth about $76,673,000. Copeland Capital Management LLC increased its holdings in shares of CLEAR Secure by 25.2% in the second quarter. Copeland Capital Management LLC now owns 2,474,330 shares of the company’s stock valued at $68,687,000 after purchasing an additional 497,871 shares in the last quarter. Goldman Sachs Group Inc. raised its position in CLEAR Secure by 35.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,633,346 shares of the company’s stock worth $42,320,000 after purchasing an additional 430,035 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in CLEAR Secure by 10.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,479,594 shares of the company’s stock worth $41,074,000 after buying an additional 143,012 shares in the last quarter. Finally, Nuveen LLC bought a new position in CLEAR Secure in the 1st quarter valued at $30,862,000. Institutional investors and hedge funds own 73.80% of the company’s stock.
CLEAR Secure Trading Up 5.3%
CLEAR Secure stock opened at $35.79 on Friday. The firm has a market capitalization of $4.77 billion, a P/E ratio of 21.82 and a beta of 1.23. The business has a 50-day moving average of $33.70 and a 200-day moving average of $30.89. CLEAR Secure, Inc. has a 1 year low of $21.67 and a 1 year high of $39.00.
CLEAR Secure Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 10th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, December 10th. CLEAR Secure’s payout ratio is presently 30.49%.
Insider Activity
In other news, Director Adam Wiener sold 6,000 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $36.04, for a total transaction of $216,240.00. Following the sale, the director owned 187,634 shares of the company’s stock, valued at $6,762,329.36. This trade represents a 3.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 39.73% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on YOU shares. Zacks Research downgraded CLEAR Secure from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Telsey Advisory Group boosted their price objective on CLEAR Secure from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. DA Davidson assumed coverage on shares of CLEAR Secure in a research note on Tuesday, September 16th. They issued a “buy” rating and a $45.00 target price on the stock. The Goldman Sachs Group boosted their price target on shares of CLEAR Secure from $37.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Finally, Stifel Nicolaus set a $38.00 price objective on shares of CLEAR Secure in a report on Thursday, November 6th. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, CLEAR Secure currently has a consensus rating of “Moderate Buy” and an average price target of $39.33.
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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.
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