Plato Investment Management Ltd Raises Stock Position in Clear Secure, Inc. (NYSE:YOU)

Plato Investment Management Ltd boosted its holdings in shares of Clear Secure, Inc. (NYSE:YOU) by 10,535.4% in the second quarter, HoldingsChannel reports. The firm owned 5,105 shares of the company’s stock after buying an additional 5,057 shares during the period. Plato Investment Management Ltd’s holdings in Clear Secure were worth $96,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Janus Henderson Group PLC lifted its holdings in shares of Clear Secure by 232.1% in the 1st quarter. Janus Henderson Group PLC now owns 115,282 shares of the company’s stock valued at $2,452,000 after buying an additional 80,569 shares during the period. Nordea Investment Management AB boosted its position in Clear Secure by 425.7% in the 1st quarter. Nordea Investment Management AB now owns 239,440 shares of the company’s stock worth $5,129,000 after purchasing an additional 193,889 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Clear Secure during the 4th quarter worth approximately $896,000. Cornerstone Wealth Management LLC purchased a new position in shares of Clear Secure during the 2nd quarter valued at approximately $840,000. Finally, Vanguard Group Inc. lifted its stake in shares of Clear Secure by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 9,460,663 shares of the company’s stock valued at $195,363,000 after purchasing an additional 211,214 shares during the period. 73.80% of the stock is owned by hedge funds and other institutional investors.

Clear Secure Stock Up 2.8 %

YOU opened at $31.16 on Tuesday. The firm’s fifty day simple moving average is $25.18 and its two-hundred day simple moving average is $20.90. Clear Secure, Inc. has a 52-week low of $15.28 and a 52-week high of $31.51. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 55.64 and a beta of 1.65.

Clear Secure (NYSE:YOU) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.08. Clear Secure had a return on equity of 35.33% and a net margin of 10.36%. The company had revenue of $186.75 million for the quarter, compared to analysts’ expectations of $183.78 million. During the same period in the previous year, the firm posted $0.05 EPS. Clear Secure’s revenue was up 24.6% compared to the same quarter last year. On average, research analysts forecast that Clear Secure, Inc. will post 1.01 EPS for the current year.

Clear Secure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 10th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Tuesday, September 10th. Clear Secure’s dividend payout ratio is currently 71.43%.

Analysts Set New Price Targets

Several research firms recently commented on YOU. Needham & Company LLC restated a “buy” rating and set a $40.00 price target on shares of Clear Secure in a research report on Wednesday, August 7th. The Goldman Sachs Group raised their target price on Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $34.00 price target on shares of Clear Secure in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $29.20.

Insider Buying and Selling at Clear Secure

In other news, CAO Dennis W. Liu sold 1,500 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $25.03, for a total transaction of $37,545.00. Following the completion of the sale, the chief accounting officer now owns 10,211 shares of the company’s stock, valued at $255,581.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Clear Secure news, insider Richard N. Jr. Patterson sold 7,500 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $27.04, for a total transaction of $202,800.00. Following the transaction, the insider now owns 26,727 shares of the company’s stock, valued at $722,698.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Dennis W. Liu sold 1,500 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $25.03, for a total value of $37,545.00. Following the completion of the sale, 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 90 days, insiders have sold 501,356 shares of company stock worth $14,878,679. 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.