Clear Secure, Inc. (NYSE:YOU) Shares Sold by Olympiad Research LP

Olympiad Research LP cut its stake in shares of Clear Secure, Inc. (NYSE:YOU) by 37.1% in the third quarter, HoldingsChannel.com reports. The fund owned 24,691 shares of the company’s stock after selling 14,558 shares during the period. Clear Secure makes up about 0.5% of Olympiad Research LP’s investment portfolio, 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 reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its position 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 acquiring an additional 466,901 shares during the period. Amalgamated Bank raised its position in shares of Clear Secure by 844.2% in the third quarter. Amalgamated Bank now owns 26,826 shares of the company’s stock valued at $889,000 after buying an additional 23,985 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Clear Secure by 6.4% in the third quarter. Janney Montgomery Scott LLC now owns 1,214,456 shares of the company’s stock valued at $40,247,000 after buying an additional 73,303 shares during 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 position in shares of Clear Secure by 14.6% in the third quarter. Rice Hall James & Associates LLC now owns 1,374,670 shares of the company’s stock valued at $45,557,000 after buying an additional 175,021 shares during the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Clear Secure Trading Up 4.7 %

Clear Secure stock opened at $38.45 on Thursday. The stock has a market cap of $5.35 billion, a P/E ratio of 49.29 and a beta of 1.63. The company has a 50-day moving average price of $33.16 and a 200 day moving average price of $24.67. Clear Secure, Inc. has a 12-month low of $16.05 and a 12-month high of $38.88.

Clear Secure (NYSE:YOU) last announced its earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.08. The company had revenue of $186.75 million during the quarter, compared to analyst estimates of $183.78 million. Clear Secure had a net margin of 10.36% and a return on equity of 35.33%. Clear Secure’s revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.05 earnings per share. As a group, analysts forecast that Clear Secure, Inc. will post 1.01 EPS for the current year.

Clear Secure Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders 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 1.30%. The ex-dividend date of this dividend is Tuesday, December 10th. 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%.

Insiders Place Their Bets

In other Clear Secure news, insider Richard N. Jr. Patterson sold 7,500 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $27.04, for a total transaction of $202,800.00. Following the completion of the transaction, the insider now owns 26,727 shares of the company’s stock, valued at $722,698.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CAO Dennis W. Liu sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $31.05, for a total value of $46,575.00. Following the completion of the transaction, the chief accounting officer now owns 7,211 shares of the company’s stock, valued at approximately $223,901.55. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Richard N. Jr. Patterson sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $27.04, for a total transaction of $202,800.00. Following the completion of the transaction, the insider now directly owns 26,727 shares of the company’s stock, valued at approximately $722,698.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,164,935 shares of company stock valued at $36,623,387 over the last 90 days. 37.85% of the stock is owned by company insiders.

Analysts Set New Price Targets

YOU has been the subject of a number of recent research reports. Telsey Advisory Group increased their target price 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. The Goldman Sachs Group increased their target price on shares of Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Needham & Company LLC restated a “buy” rating and set a $45.00 price objective on shares of Clear Secure in a research report on Friday, November 1st. Finally, Stifel Nicolaus raised their price objective on shares of Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $31.83.

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.