AlphaMark Advisors LLC Purchases New Stake in Clear Secure, Inc. (NYSE:YOU)

AlphaMark Advisors LLC acquired a new stake in shares of Clear Secure, Inc. (NYSE:YOU) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,167 shares of the company’s stock, valued at approximately $403,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ulland Investment Advisors LLC boosted its stake in Clear Secure by 318.7% in the third quarter. Ulland Investment Advisors LLC now owns 8,290 shares of the company’s stock valued at $275,000 after buying an additional 6,310 shares in the last quarter. NBC Securities Inc. bought a new position in shares of Clear Secure in the third quarter worth about $105,000. Annex Advisory Services LLC acquired a new stake in shares of Clear Secure in the 3rd quarter valued at approximately $1,002,000. CWM LLC increased its position in Clear Secure by 77.0% during the 3rd quarter. CWM LLC now owns 12,836 shares of the company’s stock worth $425,000 after purchasing an additional 5,584 shares in the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new position in Clear Secure during the 3rd quarter worth approximately $33,000. 73.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on YOU shares. Telsey Advisory Group restated an “outperform” rating and issued a $34.00 target price on shares of Clear Secure in a research report on Wednesday, August 7th. Needham & Company LLC raised their price objective on Clear Secure from $40.00 to $45.00 and gave the company a “buy” rating in a report on Thursday. Finally, The Goldman Sachs Group lifted their price target 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 equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Clear Secure currently has a consensus rating of “Hold” and a consensus price target of $30.20.

Clear Secure Price Performance

Shares of Clear Secure stock opened at $37.31 on Friday. The stock’s 50-day moving average is $30.77 and its 200 day moving average is $22.97. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $37.90. The firm has a market cap of $5.20 billion, a price-to-earnings ratio of 47.83 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, topping the consensus estimate 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 net margin of 10.36% and a return on equity of 35.33%. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.05 EPS. On average, sell-side analysts expect that Clear Secure, Inc. will post 1.01 EPS for the current fiscal year.

Clear Secure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 10th were given 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 was Tuesday, September 10th. Clear Secure’s dividend payout ratio is presently 51.28%.

Insider Transactions at Clear Secure

In related news, Director Alclear Investments Ii, Llc sold 150,000 shares of the firm’s stock in a transaction dated Friday, October 11th. The shares were 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 is accessible through the SEC website. In other Clear Secure news, CFO Kenneth L. Cornick sold 250,000 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $32.30, for a total transaction of $8,075,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Alclear Investments Ii, Llc sold 150,000 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of $34.08, for a total value of $5,112,000.00. 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 ninety days. Company insiders own 37.85% of the company’s stock.

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.