Nuveen Asset Management LLC Boosts Holdings in Clear Secure, Inc. (NYSE:YOU)

Posted by Defense World Staff on Mar 2nd, 2023

Nuveen Asset Management LLC boosted its position in Clear Secure, Inc. (NYSE:YOU – Get Rating) by 64.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,155,965 shares of the company’s stock after purchasing an additional 451,723 shares during the quarter. Nuveen Asset Management LLC owned about 0.77% of Clear Secure worth $26,425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of YOU. Nisa Investment Advisors LLC purchased a new stake in shares of Clear Secure during the 2nd quarter valued at $32,000. Point72 Hong Kong Ltd purchased a new stake in shares of Clear Secure during the 2nd quarter valued at $45,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Clear Secure during the 2nd quarter valued at $73,000. Ensign Peak Advisors Inc purchased a new stake in shares of Clear Secure during the 1st quarter valued at $109,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Clear Secure by 14.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,616 shares of the company’s stock valued at $151,000 after buying an additional 812 shares in the last quarter. 56.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Clear Secure

In other Clear Secure news, insider Richard N. Jr. Patterson sold 3,500 shares of the firm’s stock in a transaction on Wednesday, December 14th. The shares were sold at an average price of $30.18, for a total value of $105,630.00. Following the sale, the insider now owns 11,474 shares of the company’s stock, valued at approximately $346,285.32. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Clear Secure news, insider Richard N. Jr. Patterson sold 3,500 shares of the firm’s stock in a transaction on Wednesday, December 14th. The shares were sold at an average price of $30.18, for a total value of $105,630.00. Following the sale, the insider now owns 11,474 shares of the company’s stock, valued at approximately $346,285.32. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder General Atlantic Partners Aiv sold 1,800,000 shares of the firm’s stock in a transaction on Wednesday, January 18th. The stock was sold at an average price of $29.10, for a total transaction of $52,380,000.00. Following the completion of the sale, the insider now directly owns 5,937,814 shares in the company, valued at approximately $172,790,387.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,604,852 shares of company stock valued at $104,724,838. Insiders own 42.06% of the company’s stock.

Clear Secure Stock Down 7.0 %

YOU stock opened at $28.59 on Thursday. Clear Secure, Inc. has a 52 week low of $18.79 and a 52 week high of $35.00. The firm’s fifty day moving average is $29.35 and its 200 day moving average is $27.55.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on YOU. Telsey Advisory Group restated a “buy” rating and set a $38.00 price objective on shares of Clear Secure in a research report on Friday, February 24th. Needham & Company LLC began coverage on shares of Clear Secure in a report on Thursday, February 23rd. They set a “buy” rating and a $40.00 target price on the stock.

Clear Secure Company Profile

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Clear Secure, Inc provides a member-centric secure identity platform in the United States. The company's secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking. It 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 app, a consumer-facing digital product that facilitates new user enrollment and member engagement from their mobile device.