Future Financial Wealth Managment LLC Purchases New Holdings in Clear Secure, Inc. (NYSE:YOU)

Future Financial Wealth Managment LLC purchased a new stake in shares of Clear Secure, Inc. (NYSE:YOU) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,000 shares of the company’s stock, valued at approximately $33,000.

Other hedge funds also recently added to or reduced their stakes in the company. Montag A & Associates Inc. bought a new position in Clear Secure during the 1st quarter valued at about $26,000. University of Texas Texas AM Investment Management Co. bought a new position in Clear Secure during the 2nd quarter valued at about $26,000. Quarry LP grew its holdings in Clear Secure by 86.4% during the 4th quarter. Quarry LP now owns 2,509 shares of the company’s stock valued at $52,000 after purchasing an additional 1,163 shares during the last quarter. Plato Investment Management Ltd grew its holdings in 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, CWM LLC grew its stake in Clear Secure by 968.0% in the 2nd quarter. CWM LLC now owns 7,252 shares of the company’s stock worth $136,000 after acquiring an additional 6,573 shares in the last quarter. 73.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity at Clear Secure

In related news, Director Alclear Investments Ii, Llc sold 150,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $33.04, for a total transaction of $4,956,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Alclear Investments Ii, Llc sold 150,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $33.04, for a total transaction of $4,956,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kenneth L. Cornick sold 250,000 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold 1,023,935 shares of company stock valued at $31,714,532 over the last 90 days. Insiders own 37.85% of the company’s stock.

Clear Secure Stock Performance

Shares of YOU opened at $33.29 on Friday. The company has a 50 day moving average price of $29.44 and a 200-day moving average price of $22.46. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $33.85. The stock has a market capitalization of $4.63 billion, a PE ratio of 42.67 and a beta of 1.65.

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

Clear Secure Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 10th were given 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 1.20%. Clear Secure’s payout ratio is 51.28%.

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.