Clear Secure, Inc. (NYSE:YOU) Shares Sold by Arkadios Wealth Advisors

Arkadios Wealth Advisors cut its stake in Clear Secure, Inc. (NYSE:YOU) by 4.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,894 shares of the company’s stock after selling 532 shares during the period. Arkadios Wealth Advisors’ holdings in Clear Secure were worth $394,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Montag A & Associates Inc. purchased a new stake in shares of Clear Secure during the first quarter valued at $26,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Clear Secure during the 2nd quarter worth about $26,000. Future Financial Wealth Managment LLC purchased a new stake in Clear Secure during the 3rd quarter valued at about $33,000. Plato Investment Management Ltd increased its holdings in shares of Clear Secure by 10,535.4% in the second quarter. Plato Investment Management Ltd now owns 5,105 shares of the company’s stock valued at $96,000 after purchasing an additional 5,057 shares during the period. Finally, NBC Securities Inc. purchased a new position in shares of Clear Secure in the third quarter worth about $105,000. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Wall Street Analyst Weigh In

YOU has been the topic of several research reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $34.00 price target on shares of Clear Secure in a report on Wednesday, August 7th. The Goldman Sachs Group raised their target price on shares of Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Needham & Company LLC upped their price target on shares of Clear Secure from $40.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Finally, Stifel Nicolaus increased their price target on Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a research report on Monday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $30.50.

Clear Secure Stock Performance

YOU stock opened at $37.46 on Thursday. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $37.90. The firm’s fifty day moving average is $32.37 and its 200 day moving average is $24.04. The firm has a market cap of $5.22 billion, a PE ratio of 48.03 and a beta of 1.65.

Clear Secure (NYSE:YOU) last posted its earnings results on Tuesday, August 6th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. The firm had revenue of $186.75 million for the quarter, compared to analysts’ expectations of $183.78 million. Clear Secure had a return on equity of 35.33% and a net margin of 10.36%. The company’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period last year, the firm earned $0.05 EPS. Research analysts predict that Clear Secure, Inc. will post 1.01 earnings per share for the current fiscal year.

Clear Secure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 10th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Tuesday, September 10th. Clear Secure’s payout ratio is 51.28%.

Insider Activity

In other Clear Secure news, insider Richard N. Jr. Patterson sold 7,500 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $22.08, for a total transaction of $165,600.00. Following the completion of the transaction, the insider now directly owns 34,227 shares in the company, valued at approximately $755,732.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Clear Secure news, insider Richard N. Jr. Patterson sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $22.08, for a total transaction of $165,600.00. Following the completion of the sale, the insider now directly owns 34,227 shares in the company, valued at approximately $755,732.16. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Z. Barkin sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $28.64, for a total value of $716,000.00. Following the completion of the transaction, the director now owns 7,056 shares in the company, valued at approximately $202,083.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,173,935 shares of company stock worth $36,826,532 in the last quarter. Corporate insiders own 37.85% of the company’s stock.

Clear Secure Profile

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.