GW Henssler & Associates Ltd. Acquires Shares of 6,126 Clear Secure, Inc. (NYSE:YOU)

GW Henssler & Associates Ltd. acquired a new stake in shares of Clear Secure, Inc. (NYSE:YOU) in the third quarter, HoldingsChannel reports. The firm acquired 6,126 shares of the company’s stock, valued at approximately $203,000.

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

Analyst Ratings Changes

A number of brokerages have recently commented on YOU. The Goldman Sachs Group lifted their target price on Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Stifel Nicolaus boosted their price objective on shares of Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a research report on Monday. Telsey Advisory Group reissued an “outperform” rating and issued a $34.00 target price on shares of Clear Secure in a research note on Wednesday, August 7th. Finally, Needham & Company LLC lifted their price target on shares of Clear Secure from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $30.50.

Insider Buying and Selling

In other Clear Secure news, CAO Dennis W. Liu sold 1,500 shares of Clear Secure stock in a transaction on Tuesday, August 6th. The stock was 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Clear Secure news, insider Richard N. Jr. Patterson sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $22.08, for a total transaction of $165,600.00. Following the transaction, the insider now owns 34,227 shares of the company’s stock, valued at approximately $755,732.16. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Dennis W. Liu sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was 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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,173,935 shares of company stock valued at $36,826,532 over the last quarter. 37.85% of the stock is owned by corporate insiders.

Clear Secure Stock Up 2.5 %

YOU stock opened at $37.00 on Wednesday. Clear Secure, Inc. has a twelve month low of $16.05 and a twelve month high of $37.90. The firm has a market cap of $5.15 billion, a price-to-earnings ratio of 47.44 and a beta of 1.65. The business’s fifty day simple moving average is $32.18 and its two-hundred day simple moving average is $23.94.

Clear Secure (NYSE:YOU) last posted its quarterly 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 company had revenue of $186.75 million for the quarter, compared to the consensus estimate of $183.78 million. Clear Secure had a net margin of 10.36% and a return on equity of 35.33%. The firm’s revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.05 EPS. Research analysts expect that Clear Secure, Inc. will post 1.01 EPS for the current year.

Clear Secure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 10th were issued a $0.10 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.08%. Clear Secure’s payout ratio is 51.28%.

Clear Secure 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.