28,840 Shares in Clear Secure, Inc. (NYSE:YOU) Bought by Quantinno Capital Management LP

Quantinno Capital Management LP purchased a new position in Clear Secure, Inc. (NYSE:YOU - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 28,840 shares of the company's stock, valued at approximately $956,000.

Several other hedge funds have also bought and sold shares of the business. Hsbc Holdings PLC raised its position in shares of Clear Secure by 0.5% in the 2nd quarter. Hsbc Holdings PLC now owns 78,968 shares of the company's stock worth $1,467,000 after purchasing an additional 409 shares during the last quarter. Truist Financial Corp grew its holdings in shares of Clear Secure by 2.0% during the second quarter. Truist Financial Corp now owns 29,061 shares of the company's stock valued at $544,000 after buying an additional 582 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Clear Secure by 6.1% in the 2nd quarter. Principal Financial Group Inc. now owns 11,859 shares of the company's stock worth $222,000 after acquiring an additional 681 shares during the last quarter. Capital Performance Advisors LLP bought a new position in Clear Secure in the 3rd quarter valued at approximately $26,000. Finally, Crossmark Global Holdings Inc. boosted its stake in Clear Secure by 5.3% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 19,988 shares of the company's stock valued at $374,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors own 73.80% of the company's stock.

Insiders Place Their Bets

In other news, Director Alclear Investments Ii, Llc sold 150,000 shares of the company's stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $34.08, for a total value of $5,112,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kenneth L. Cornick sold 250,000 shares of Clear Secure stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $32.30, for a total value of $8,075,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 672,579 shares of company stock worth $21,947,852. Company insiders own 37.85% of the company's stock.

Wall Street Analysts Forecast Growth

YOU has been the topic of several recent analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $45.00 price objective on shares of Clear Secure in a research report on Friday, November 8th. Wedbush restated a "neutral" rating and set a $26.00 price objective (up previously from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Stifel Nicolaus increased their price target on 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 lifted their price objective on Clear Secure from $34.00 to $42.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $32.67.

Clear Secure Stock Performance

Shares of Clear Secure stock traded down $0.61 on Friday, hitting $26.37. 981,865 shares of the company's stock were exchanged, compared to its average volume of 1,892,769. Clear Secure, Inc. has a 1 year low of $16.05 and a 1 year high of $38.88. The company has a 50-day simple moving average of $30.84 and a 200-day simple moving average of $26.44. The stock has a market capitalization of $3.68 billion, a PE ratio of 30.66 and a beta of 1.43.

Clear Secure (NYSE:YOU - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.30 earnings per share 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 analysts' expectations of $194.62 million. Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. During the same quarter last year, the firm posted $0.20 earnings per share. Clear Secure's revenue for the quarter was up 23.7% on a year-over-year basis. On average, analysts expect that Clear Secure, Inc. will post 0.98 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. Investors of record on Tuesday, December 10th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.90%. This is a positive change from Clear Secure's previous quarterly dividend of $0.10. The ex-dividend date is Tuesday, December 10th. Clear Secure's dividend payout ratio is currently 58.14%.

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.