Dynamic Technology Lab Private Ltd Trims Stock Holdings in Clear Secure, Inc. (NYSE:YOU)

Dynamic Technology Lab Private Ltd reduced its position in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 54.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,590 shares of the company's stock after selling 25,515 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Clear Secure were worth $715,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Penserra Capital Management LLC bought a new position in shares of Clear Secure during the third quarter valued at approximately $2,010,000. Cerity Partners LLC purchased a new stake in Clear Secure during the third quarter worth $690,000. Citigroup Inc. boosted its position in Clear Secure by 257.9% during the 3rd quarter. Citigroup Inc. now owns 107,858 shares of the company's stock valued at $3,574,000 after acquiring an additional 77,718 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Clear Secure by 6.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 872,154 shares of the company's stock valued at $28,903,000 after acquiring an additional 55,136 shares during the period. Finally, Foundry Partners LLC raised its position in shares of Clear Secure by 667.5% in the 3rd quarter. Foundry Partners LLC now owns 213,815 shares of the company's stock worth $7,086,000 after acquiring an additional 185,957 shares in the last quarter. 73.80% of the stock is owned by institutional investors.

Clear Secure Stock Down 0.9 %

Shares of YOU stock traded down $0.24 during trading hours on Friday, hitting $25.87. 851,211 shares of the company's stock were exchanged, compared to its average volume of 1,784,791. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $38.88. The firm has a market cap of $3.61 billion, a P/E ratio of 30.08 and a beta of 1.63. The firm has a 50 day moving average of $31.85 and a two-hundred day moving average of $25.70.

Clear Secure (NYSE:YOU - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.03). Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The company had revenue of $198.40 million for the quarter, compared to analyst estimates of $194.62 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The business's revenue was up 23.7% on a year-over-year basis. On average, equities analysts forecast that Clear Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

Clear Secure Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Tuesday, December 10th. This is a boost from Clear Secure's previous quarterly dividend of $0.10. Clear Secure's dividend payout ratio is currently 46.51%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group raised their price objective on Clear Secure from $27.00 to $31.00 and gave the company a "buy" rating in a research report on Thursday, August 8th. Telsey Advisory Group lifted their price objective on shares of Clear Secure from $34.00 to $42.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Wedbush reissued a "neutral" rating and issued a $26.00 target price (up from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Stifel Nicolaus lifted 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. Finally, Needham & Company LLC reissued a "buy" rating and issued a $45.00 price objective on shares of Clear Secure in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $32.67.

Insider Buying and Selling at Clear Secure

In other Clear Secure news, CFO Kenneth L. Cornick sold 250,000 shares of Clear Secure stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $32.30, for a total transaction of $8,075,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Alclear Investments Ii, Llc sold 150,000 shares of the business'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. In the last quarter, insiders sold 901,500 shares of company stock worth $29,055,829. Insiders own 37.85% of the company's stock.

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.