Clear Secure, Inc. (NYSE:YOU) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP lowered its position in Clear Secure, Inc. (NYSE:YOU - Free Report) by 80.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,557 shares of the company's stock after selling 31,125 shares during the period. GSA Capital Partners LLP's holdings in Clear Secure were worth $250,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Clear Secure in the 2nd quarter valued at $26,000. Capital Performance Advisors LLP acquired a new position in Clear Secure in the third quarter valued at approximately $26,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Clear Secure in the third quarter valued at about $33,000. Plato Investment Management Ltd boosted its holdings in Clear Secure by 10,535.4% in the 2nd quarter. Plato Investment Management Ltd now owns 5,105 shares of the company's stock valued at $96,000 after purchasing an additional 5,057 shares in the last quarter. Finally, NBC Securities Inc. acquired a new position in shares of Clear Secure during the 3rd quarter worth $105,000. 73.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on YOU shares. Telsey Advisory Group lifted their price objective on Clear Secure from $34.00 to $42.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Stifel Nicolaus increased their price objective on shares of Clear Secure from $24.00 to $32.00 and gave the stock a "hold" rating in a report on Monday, October 28th. Needham & Company LLC restated a "buy" rating and issued a $45.00 target price on shares of Clear Secure in a report on Friday, November 8th. Wedbush reaffirmed a "neutral" rating and set a $26.00 price target (up previously from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group lifted their price target on shares of Clear Secure from $27.00 to $31.00 and gave the company a "buy" rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Clear Secure has an average rating of "Hold" and a consensus price target of $32.67.

Insider Buying and Selling at Clear Secure

In other news, Director Michael Z. Barkin sold 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $28.64, for a total transaction of $716,000.00. Following the completion of the sale, the director now owns 7,056 shares of the company's stock, valued at approximately $202,083.84. This trade represents a 77.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Dennis W. Liu sold 1,500 shares of the company's stock in a transaction on Monday, September 9th. The shares were sold at an average price of $31.05, for a total transaction of $46,575.00. Following the completion of the sale, the chief accounting officer now directly owns 7,211 shares in the company, valued at $223,901.55. This represents a 17.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,006,435 shares of company stock valued at $32,173,077 over the last 90 days. 37.85% of the stock is owned by corporate insiders.

Clear Secure Price Performance

NYSE YOU traded up $0.29 during mid-day trading on Friday, hitting $26.18. The company's stock had a trading volume of 2,206,690 shares, compared to its average volume of 2,827,604. The firm has a market capitalization of $3.65 billion, a P/E ratio of 30.44 and a beta of 1.63. Clear Secure, Inc. has a 52-week low of $16.05 and a 52-week high of $38.88. The stock's fifty day simple moving average is $32.46 and its two-hundred day simple moving average is $25.44.

Clear Secure (NYSE:YOU - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.03). Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The business had revenue of $198.40 million during the quarter, compared to analysts' expectations of $194.62 million. During the same period in the prior year, the business posted $0.20 EPS. 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 10th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.91%. 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%.

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.