BayBridge Capital Group LLC Acquires Shares of 19,534 Clear Secure, Inc. (NYSE:YOU)

BayBridge Capital Group LLC bought a new position in shares of Clear Secure, Inc. (NYSE:YOU) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,534 shares of the company’s stock, valued at approximately $647,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Clear Secure by 11.7% in the first quarter. Vanguard Group Inc. now owns 10,571,993 shares of the company’s stock worth $224,866,000 after acquiring an additional 1,111,330 shares during the last quarter. Renaissance Technologies LLC boosted its position in Clear Secure by 56.5% in the 2nd quarter. Renaissance Technologies LLC now owns 2,954,100 shares of the company’s stock valued at $55,271,000 after buying an additional 1,066,400 shares during the last quarter. Millennium Management LLC increased its stake in shares of Clear Secure by 56.3% in the 2nd quarter. Millennium Management LLC now owns 2,103,578 shares of the company’s stock valued at $39,358,000 after buying an additional 757,528 shares during the period. Rice Hall James & Associates LLC raised its position in shares of Clear Secure by 303.6% during the second quarter. Rice Hall James & Associates LLC now owns 1,199,649 shares of the company’s stock worth $22,445,000 after acquiring an additional 902,436 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of Clear Secure by 278.3% during the second quarter. Marshall Wace LLP now owns 1,099,062 shares of the company’s stock valued at $20,563,000 after acquiring an additional 808,515 shares during the period. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Clear Secure Trading Down 1.5 %

Clear Secure stock opened at $35.48 on Friday. The firm has a market capitalization of $4.94 billion, a P/E ratio of 45.49 and a beta of 1.65. The business has a 50-day moving average of $31.83 and a 200-day moving average of $23.65. Clear Secure, Inc. has a 1 year low of $16.05 and a 1 year high of $37.90.

Clear Secure (NYSE:YOU) last issued 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. The firm had revenue of $186.75 million during 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 business’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.05 earnings per share. Research analysts anticipate that Clear Secure, Inc. will post 1.01 EPS for the current fiscal year.

Clear Secure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 10th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.13%. The ex-dividend date was Tuesday, September 10th. Clear Secure’s payout ratio is presently 51.28%.

Wall Street Analysts Forecast Growth

YOU has been the subject of a number of research reports. The Goldman Sachs Group lifted their price objective on Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Telsey Advisory Group reiterated an “outperform” rating and set a $34.00 price target on shares of Clear Secure in a research report on Wednesday, August 7th. Finally, Needham & Company LLC increased their price objective on shares of Clear Secure from $40.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, October 17th. One 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.20.

Insiders Place Their Bets

In other Clear Secure news, Director Alclear Investments Ii, Llc sold 150,000 shares of the stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $34.08, for a total value of $5,112,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Dennis W. Liu sold 1,500 shares of the firm’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 sale, the chief accounting officer now directly owns 10,211 shares in the company, valued at $255,581.33. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Alclear Investments Ii, Llc sold 150,000 shares of the company’s stock in a transaction 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,173,935 shares of company stock worth $36,826,532. Corporate insiders own 37.85% of the company’s stock.

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.