CLEAR Secure, Inc. $YOU Shares Sold by Plato Investment Management Ltd

Plato Investment Management Ltd lowered its stake in CLEAR Secure, Inc. (NYSE:YOU) by 77.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,770 shares of the company’s stock after selling 9,464 shares during the quarter. Plato Investment Management Ltd’s holdings in CLEAR Secure were worth $77,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. AdvisorShares Investments LLC acquired a new stake in shares of CLEAR Secure in the 2nd quarter worth approximately $469,000. Arkadios Wealth Advisors lifted its stake in shares of CLEAR Secure by 11.4% in the 2nd quarter. Arkadios Wealth Advisors now owns 44,322 shares of the company’s stock worth $1,230,000 after acquiring an additional 4,528 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in CLEAR Secure in the second quarter worth approximately $2,760,000. Envestnet Asset Management Inc. lifted its position in CLEAR Secure by 104.3% in the second quarter. Envestnet Asset Management Inc. now owns 591,947 shares of the company’s stock worth $16,432,000 after purchasing an additional 302,191 shares during the period. Finally, AlphaQuest LLC lifted its position in CLEAR Secure by 475.1% in the second quarter. AlphaQuest LLC now owns 5,728 shares of the company’s stock worth $159,000 after purchasing an additional 4,732 shares during the period. Institutional investors and hedge funds own 73.80% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on YOU shares. The Goldman Sachs Group upped their price objective on CLEAR Secure from $33.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. DA Davidson initiated coverage on shares of CLEAR Secure in a report on Tuesday, September 16th. They issued a “buy” rating and a $45.00 price target for the company. Wells Fargo & Company upped their price target on shares of CLEAR Secure from $23.00 to $25.00 and gave the company an “underweight” rating in a report on Wednesday, August 6th. Telsey Advisory Group reissued an “outperform” rating and issued a $37.00 price target on shares of CLEAR Secure in a report on Friday. Finally, Stifel Nicolaus increased their target price on shares of CLEAR Secure from $26.00 to $28.00 and gave the company a “hold” rating in a research note on Tuesday, July 29th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, CLEAR Secure currently has a consensus rating of “Hold” and a consensus price target of $34.71.

CLEAR Secure Stock Up 1.4%

Shares of NYSE YOU opened at $30.90 on Tuesday. CLEAR Secure, Inc. has a 12 month low of $21.67 and a 12 month high of $39.00. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 19.31 and a beta of 1.24. The business has a fifty day simple moving average of $34.02 and a 200-day simple moving average of $29.97.

CLEAR Secure (NYSE:YOU) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. CLEAR Secure had a net margin of 21.17% and a return on equity of 122.69%. The company had revenue of $219.47 million during the quarter, compared to analyst estimates of $214.90 million. During the same period in the prior year, the firm earned $0.34 earnings per share. The business’s quarterly revenue was up 17.6% on a year-over-year basis. As a group, sell-side analysts expect that CLEAR Secure, Inc. will post 0.98 EPS for the current fiscal year.

Insider Activity at CLEAR Secure

In related news, CAO Dennis W. Liu sold 2,027 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $36.00, for a total value of $72,972.00. Following the completion of the sale, the chief accounting officer owned 11,896 shares in the company, valued at approximately $428,256. This represents a 14.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Adam Wiener sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $33.02, for a total transaction of $264,160.00. Following the completion of the sale, the director owned 193,634 shares of the company’s stock, valued at approximately $6,393,794.68. This trade represents a 3.97% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 36,027 shares of company stock worth $1,250,703. 39.73% of the stock is owned by corporate insiders.

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.