Canada Pension Plan Investment Board Sells 6,800 Shares of Clear Secure, Inc. (NYSE:YOU)

Canada Pension Plan Investment Board trimmed its position in Clear Secure, Inc. (NYSE:YOU) by 5.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 122,100 shares of the company’s stock after selling 6,800 shares during the period. Canada Pension Plan Investment Board owned about 0.08% of Clear Secure worth $2,284,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in YOU. Vanguard Group Inc. grew its holdings in shares of Clear Secure by 11.7% in the first quarter. Vanguard Group Inc. now owns 10,571,993 shares of the company’s stock valued at $224,866,000 after acquiring an additional 1,111,330 shares in the last quarter. Renaissance Technologies LLC grew its stake in Clear Secure by 56.5% in the 2nd quarter. Renaissance Technologies LLC now owns 2,954,100 shares of the company’s stock valued at $55,271,000 after purchasing an additional 1,066,400 shares during the period. Rice Hall James & Associates LLC increased its position in shares of Clear Secure by 303.6% during the 2nd quarter. Rice Hall James & Associates LLC now owns 1,199,649 shares of the company’s stock valued at $22,445,000 after purchasing an additional 902,436 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Clear Secure by 402.2% during the 2nd quarter. Victory Capital Management Inc. now owns 885,325 shares of the company’s stock valued at $16,564,000 after purchasing an additional 709,020 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of Clear Secure by 184.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,071,486 shares of the company’s stock worth $22,791,000 after purchasing an additional 695,418 shares during the period. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Insider Buying and Selling

In other Clear Secure news, CAO Dennis W. Liu sold 1,500 shares of Clear Secure stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $25.03, for a total transaction of $37,545.00. Following the completion of the transaction, the chief accounting officer now owns 10,211 shares of the company’s stock, valued at approximately $255,581.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Alclear Investments Ii, Llc sold 150,000 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $33.04, for a total value of $4,956,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Dennis W. Liu sold 1,500 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $25.03, for a total value of $37,545.00. Following the transaction, the chief accounting officer now owns 10,211 shares of the company’s stock, valued at $255,581.33. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,023,935 shares of company stock valued at $31,714,532. Corporate insiders own 37.85% of the company’s stock.

Clear Secure Stock Down 0.8 %

YOU opened at $32.13 on Friday. The firm has a 50-day moving average price of $27.24 and a 200-day moving average price of $21.61. Clear Secure, Inc. has a twelve month low of $15.28 and a twelve month high of $33.85. The company has a market capitalization of $4.47 billion, a price-to-earnings ratio of 57.38 and a beta of 1.65.

Clear Secure (NYSE:YOU) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. The business had revenue of $186.75 million during the quarter, compared to analyst estimates of $183.78 million. Clear Secure had a net margin of 10.36% and a return on equity of 35.33%. Clear Secure’s revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 EPS. On average, sell-side analysts expect that Clear Secure, Inc. will post 1.01 earnings per share for the current fiscal year.

Clear Secure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 10th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, September 10th. This represents a $0.40 dividend on an annualized basis and a yield of 1.24%. Clear Secure’s dividend payout ratio (DPR) is 71.43%.

Wall Street Analyst Weigh In

YOU has been the subject of a number of research analyst reports. Telsey Advisory Group restated an “outperform” rating and set a $34.00 price objective on shares of Clear Secure in a report on Wednesday, August 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of Clear Secure in a report on Wednesday, August 7th. Finally, The Goldman Sachs Group upped their price objective on Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $29.20.

Clear Secure Company 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.