14,486 Shares in Clear Secure, Inc. (NYSE:YOU) Acquired by Virtu Financial LLC

Virtu Financial LLC bought a new position in Clear Secure, Inc. (NYSE:YOU) in the third quarter, according to its most recent filing with the SEC. The firm bought 14,486 shares of the company’s stock, valued at approximately $480,000.

A number of other institutional investors also recently bought and sold shares of the stock. Teachers Retirement System of The State of Kentucky acquired a new stake in Clear Secure in the 3rd quarter worth approximately $868,000. First Dallas Securities Inc. acquired a new stake in Clear Secure during the 3rd quarter valued at approximately $263,000. Geode Capital Management LLC lifted its stake in Clear Secure by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,346,854 shares of the company’s stock valued at $77,788,000 after acquiring an additional 141,208 shares during the period. Hodges Capital Management Inc. acquired a new stake in Clear Secure during the 3rd quarter valued at approximately $11,382,000. Finally, Wellington Management Group LLP acquired a new stake in Clear Secure during the 3rd quarter valued at approximately $62,950,000. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Alclear Investments Ii, Llc sold 150,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $33.04, for a total value of $4,956,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kenneth L. Cornick sold 250,000 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was 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. In the last quarter, insiders sold 550,000 shares of company stock valued at $18,143,000. 37.85% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

YOU has been the subject of several research reports. Telsey Advisory Group lifted their price objective on shares of Clear Secure from $34.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Needham & Company LLC restated a “buy” rating and set a $45.00 price objective on shares of Clear Secure in a research note on Friday, November 8th. Stifel Nicolaus lifted their price objective on shares of Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Finally, Wedbush restated a “neutral” rating and set a $26.00 price objective (up from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $32.67.

Clear Secure Price Performance

YOU opened at $26.37 on Monday. The firm has a fifty day moving average price of $30.84 and a 200 day moving average price of $26.51. Clear Secure, Inc. has a 1 year low of $16.05 and a 1 year high of $38.88. The stock has a market cap of $3.68 billion, a P/E ratio of 30.66 and a beta of 1.43.

Clear Secure (NYSE:YOU) last posted its earnings results on Thursday, November 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.03). Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The firm had revenue of $198.40 million during the quarter, compared to analyst estimates of $194.62 million. During the same quarter in the prior year, the firm earned $0.20 earnings per share. The business’s revenue for the quarter was up 23.7% on a year-over-year basis. Equities analysts expect that Clear Secure, Inc. will post 0.98 EPS for the current year.

Clear Secure Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.90%. The ex-dividend date is Tuesday, December 10th. This is a positive change from Clear Secure’s previous quarterly dividend of $0.10. Clear Secure’s payout ratio is presently 58.14%.

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.