Legato Capital Management LLC Trims Stock Holdings in Clear Secure, Inc. (NYSE:YOU)

Legato Capital Management LLC trimmed its holdings in Clear Secure, Inc. (NYSE:YOU) by 57.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,278 shares of the company’s stock after selling 15,262 shares during the quarter. Legato Capital Management LLC’s holdings in Clear Secure were worth $300,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of YOU. Capital Performance Advisors LLP bought a new stake in Clear Secure during the 3rd quarter valued at $26,000. GAMMA Investing LLC boosted its position in Clear Secure by 221.6% during the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock valued at $30,000 after acquiring an additional 771 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in Clear Secure by 1.8% during the 4th quarter. Louisiana State Employees Retirement System now owns 45,400 shares of the company’s stock valued at $1,209,000 after acquiring an additional 800 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Clear Secure by 1.6% during the 4th quarter. State of Alaska Department of Revenue now owns 53,431 shares of the company’s stock valued at $1,423,000 after acquiring an additional 821 shares in the last quarter. Finally, KBC Group NV boosted its position in Clear Secure by 50.1% during the 4th quarter. KBC Group NV now owns 4,063 shares of the company’s stock valued at $108,000 after acquiring an additional 1,357 shares in the last quarter. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

Clear Secure Stock Performance

Shares of YOU opened at $22.60 on Friday. The stock has a 50-day moving average of $25.57 and a two-hundred day moving average of $28.41. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $38.88. The stock has a market cap of $3.15 billion, a P/E ratio of 26.28 and a beta of 1.38.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on YOU shares. Stifel Nicolaus raised their price objective 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 reissued a “neutral” rating and issued a $26.00 price objective (up previously from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Telsey Advisory Group raised their price objective on Clear Secure from $34.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $45.00 price objective on shares of Clear Secure in a research report on Monday, December 16th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.20.

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.