Cwm LLC Buys 5,584 Shares of Clear Secure, Inc. (NYSE:YOU)

Cwm LLC raised its stake in shares of Clear Secure, Inc. (NYSE:YOU) by 77.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 12,836 shares of the company’s stock after purchasing an additional 5,584 shares during the quarter. Cwm LLC’s holdings in Clear Secure were worth $425,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of YOU. Montag A & Associates Inc. purchased a new stake in shares of Clear Secure during the 1st quarter valued at about $26,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Clear Secure during the 2nd quarter valued at about $26,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Clear Secure during the 3rd quarter valued at about $33,000. Plato Investment Management Ltd increased its position 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 valued at $96,000 after purchasing an additional 5,057 shares during the last quarter. Finally, Quarry LP increased its position in shares of Clear Secure by 406.1% during the 2nd quarter. Quarry LP now owns 5,719 shares of the company’s stock valued at $107,000 after purchasing an additional 4,589 shares during the last quarter. Institutional investors own 73.80% of the company’s stock.

Clear Secure Price Performance

Shares of YOU opened at $36.05 on Monday. Clear Secure, Inc. has a 1 year low of $16.05 and a 1 year high of $37.90. The company has a 50 day simple moving average of $30.97 and a two-hundred day simple moving average of $23.13. The firm has a market cap of $5.02 billion, a P/E ratio of 46.22 and a beta of 1.65.

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

Clear Secure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 10th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Tuesday, September 10th. Clear Secure’s dividend payout ratio (DPR) is currently 51.28%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on YOU shares. The Goldman Sachs Group increased 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. Telsey Advisory Group reissued an “outperform” rating and issued a $34.00 target price on shares of Clear Secure in a report on Wednesday, August 7th. Finally, Needham & Company LLC increased their target price on shares of Clear Secure from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday. One equities 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $30.20.

Insider Buying and Selling at Clear Secure

In other Clear Secure news, CAO Dennis W. Liu sold 1,500 shares of the stock in a transaction that occurred 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 directly owns 10,211 shares of the company’s stock, valued at $255,581.33. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Alclear Investments Ii, Llc sold 150,000 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $34.08, for a total transaction of $5,112,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Dennis W. Liu sold 1,500 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 10,211 shares of the company’s stock, valued at $255,581.33. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,173,935 shares of company stock valued at $36,826,532 in the last three months. 37.85% of the stock is currently owned by corporate insiders.

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.