23,998 Shares in Clear Secure, Inc. (NYSE:YOU) Acquired by CWA Asset Management Group LLC

CWA Asset Management Group LLC acquired a new stake in Clear Secure, Inc. (NYSE:YOU) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 23,998 shares of the company’s stock, valued at approximately $795,000.

A number of other institutional investors have also recently bought and sold shares of the business. Capital Performance Advisors LLP bought a new position in Clear Secure during the 3rd quarter worth approximately $26,000. Principal Financial Group Inc. boosted its position in shares of Clear Secure by 3,937.1% during the third quarter. Principal Financial Group Inc. now owns 478,760 shares of the company’s stock worth $15,866,000 after purchasing an additional 466,901 shares in the last quarter. Amalgamated Bank grew its holdings in shares of Clear Secure by 844.2% in the 3rd quarter. Amalgamated Bank now owns 26,826 shares of the company’s stock valued at $889,000 after buying an additional 23,985 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Clear Secure by 6.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 1,214,456 shares of the company’s stock valued at $40,247,000 after buying an additional 73,303 shares in the last quarter. Finally, Stephens Inc. AR acquired a new stake in Clear Secure during the 3rd quarter worth $220,000. Institutional investors and hedge funds own 73.80% of the company’s stock.

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 Friday, October 11th. The stock was sold at an average price of $34.08, for a total transaction of $5,112,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Richard N. Jr. Patterson sold 7,500 shares of Clear Secure stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $27.04, for a total value of $202,800.00. Following the completion of the transaction, the insider now owns 26,727 shares of the company’s stock, valued at $722,698.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alclear Investments Ii, Llc sold 150,000 shares of the company’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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,164,435 shares of company stock valued at $36,610,377. 37.85% of the stock is owned by insiders.

Clear Secure Trading Down 2.7 %

Shares of YOU opened at $27.77 on Monday. Clear Secure, Inc. has a 12 month low of $16.05 and a 12 month high of $38.88. The firm has a fifty day simple moving average of $33.08 and a 200 day simple moving average of $24.87. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 32.29 and a beta of 1.63.

Clear Secure Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 10th will be issued a $0.125 dividend. This is a boost from Clear Secure’s previous quarterly dividend of $0.10. The ex-dividend date is Tuesday, December 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.80%. Clear Secure’s dividend payout ratio (DPR) is presently 46.51%.

Wall Street Analysts Forecast Growth

YOU has been the topic of a number of research analyst reports. Stifel Nicolaus raised their price target on Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Wedbush reaffirmed a “neutral” rating and issued a $26.00 price target (up previously from $24.00) on shares of Clear Secure in a research note on Thursday. Needham & Company LLC reissued a “buy” rating and set a $45.00 price objective on shares of Clear Secure in a research report on Friday. Telsey Advisory Group boosted their price objective on shares of Clear Secure from $34.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. 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 research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $32.67.

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.