Olympiad Research LP Has $818,000 Stock Position in Clear Secure, Inc. (NYSE:YOU)

Olympiad Research LP lowered its position in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 37.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,691 shares of the company's stock after selling 14,558 shares during the quarter. Clear Secure accounts for 0.5% of Olympiad Research LP's holdings, making the stock its 29th biggest position. Olympiad Research LP's holdings in Clear Secure were worth $818,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in YOU. Principal Financial Group Inc. boosted its holdings in Clear Secure by 3,937.1% during the third quarter. Principal Financial Group Inc. now owns 478,760 shares of the company's stock worth $15,866,000 after purchasing an additional 466,901 shares during the last quarter. Amalgamated Bank boosted its stake in shares of Clear Secure by 844.2% during the 3rd quarter. Amalgamated Bank now owns 26,826 shares of the company's stock worth $889,000 after buying an additional 23,985 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Clear Secure by 6.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 1,214,456 shares of the company's stock valued at $40,247,000 after acquiring an additional 73,303 shares in the last quarter. Stephens Inc. AR acquired a new stake in shares of Clear Secure in the third quarter valued at about $220,000. Finally, Rice Hall James & Associates LLC raised its holdings in Clear Secure by 14.6% during the third quarter. Rice Hall James & Associates LLC now owns 1,374,670 shares of the company's stock worth $45,557,000 after acquiring an additional 175,021 shares in the last quarter. 73.80% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Clear Secure news, insider Richard N. Jr. Patterson sold 7,500 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $27.04, for a total transaction of $202,800.00. Following the transaction, the insider now owns 26,727 shares in the company, valued at $722,698.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Richard N. Jr. Patterson sold 7,500 shares of Clear Secure stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $27.04, for a total value of $202,800.00. Following the completion of the sale, the insider now directly owns 26,727 shares in the company, valued at approximately $722,698.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Dennis W. Liu sold 1,500 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $31.05, for a total value of $46,575.00. Following the sale, the chief accounting officer now directly owns 7,211 shares in the company, valued at $223,901.55. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,164,935 shares of company stock valued at $36,623,387. Insiders own 37.85% of the company's stock.

Clear Secure Stock Down 25.8 %

Shares of YOU traded down $9.92 during trading hours on Thursday, hitting $28.53. The company had a trading volume of 10,142,636 shares, compared to its average volume of 1,737,271. The business has a fifty day moving average of $33.16 and a 200-day moving average of $24.67. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 38.58 and a beta of 1.63. Clear Secure, Inc. has a 12 month low of $16.05 and a 12 month high of $38.88.

Clear Secure (NYSE:YOU - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.08. Clear Secure had a net margin of 10.36% and a return on equity of 35.33%. The firm had revenue of $186.75 million for the quarter, compared to analysts' expectations of $183.78 million. During the same period in the prior year, the firm earned $0.05 EPS. The business's revenue was up 24.6% on a year-over-year basis. On average, equities analysts expect that Clear Secure, Inc. will post 1.01 EPS for the current fiscal year.

Clear Secure Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 10th will be paid a dividend of $0.125 per share. The ex-dividend date is Tuesday, December 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.75%. This is a positive change from Clear Secure's previous quarterly dividend of $0.10. Clear Secure's dividend payout ratio (DPR) is 64.10%.

Analysts Set New Price Targets

A number of research analysts have weighed in on YOU shares. Needham & Company LLC restated a "buy" rating and issued a $45.00 price target on shares of Clear Secure in a research note on Friday, November 1st. Stifel Nicolaus boosted their target price 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. The Goldman Sachs Group increased their price target on shares of Clear Secure from $27.00 to $31.00 and gave the company a "buy" rating in a research note on Thursday, August 8th. Finally, Telsey Advisory Group boosted their price objective on shares of Clear Secure from $34.00 to $42.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $31.83.

About Clear Secure

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.