Quadrature Capital Ltd Sells 82,621 Shares of Clear Secure, Inc. (NYSE:YOU)

Quadrature Capital Ltd lessened its holdings in Clear Secure, Inc. (NYSE:YOU - Free Report) by 78.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,733 shares of the company's stock after selling 82,621 shares during the quarter. Quadrature Capital Ltd's holdings in Clear Secure were worth $754,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Quantinno Capital Management LP bought a new position in Clear Secure in the third quarter valued at approximately $956,000. HighTower Advisors LLC boosted its position in shares of Clear Secure by 96.6% in the 3rd quarter. HighTower Advisors LLC now owns 79,906 shares of the company's stock worth $2,644,000 after purchasing an additional 39,270 shares during the last quarter. Public Sector Pension Investment Board acquired a new stake in shares of Clear Secure during the third quarter worth $6,485,000. FORA Capital LLC bought a new stake in Clear Secure in the third quarter valued at about $2,096,000. Finally, Blueshift Asset Management LLC lifted its stake in Clear Secure by 19.2% in the third quarter. Blueshift Asset Management LLC now owns 36,062 shares of the company's stock valued at $1,195,000 after buying an additional 5,808 shares during the period. Institutional investors and hedge funds own 73.80% of the company's stock.

Insider Activity at Clear Secure

In other Clear Secure news, CAO Dennis W. Liu sold 1,500 shares of the company's 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Alclear Investments Ii, Llc sold 150,000 shares of the firm's stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $34.08, for a total value of $5,112,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 901,500 shares of company stock valued at $29,055,829. 37.85% of the stock is owned by corporate insiders.

Clear Secure Price Performance

NYSE:YOU traded up $0.02 on Friday, hitting $27.07. 2,492,959 shares of the company's stock were exchanged, compared to its average volume of 2,286,074. The company has a market cap of $3.77 billion, a P/E ratio of 31.48 and a beta of 1.43. The firm has a 50-day moving average price of $31.26 and a 200-day moving average price of $26.08. Clear Secure, Inc. has a 52 week low of $16.05 and a 52 week high of $38.88.

Clear Secure (NYSE:YOU - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.03). The company had revenue of $198.40 million for the quarter, compared to the consensus estimate of $194.62 million. Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The business's revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.20 EPS. On average, research analysts expect that Clear Secure, Inc. will post 0.98 earnings per share 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. Investors of record on Tuesday, December 10th will be paid a $0.125 dividend. The ex-dividend date is Tuesday, December 10th. This is a boost from Clear Secure's previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a dividend yield of 1.85%. Clear Secure's dividend payout ratio (DPR) is currently 46.51%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on YOU shares. Wedbush reiterated a "neutral" rating and issued a $26.00 price target (up from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Needham & Company LLC reiterated a "buy" rating and issued a $45.00 target price on shares of Clear Secure in a report on Friday, November 8th. Stifel Nicolaus boosted their price target on shares of Clear Secure from $24.00 to $32.00 and gave the company a "hold" rating in a report on Monday, October 28th. Finally, Telsey Advisory Group upped their price objective on shares of Clear Secure from $34.00 to $42.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Clear Secure currently has an average rating of "Hold" and a consensus price target of $32.67.

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.