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

GSA Capital Partners LLP decreased its holdings in shares of Clear Secure, Inc. (NYSE:YOU) by 80.5% in the 3rd quarter, according to its most recent Form 13F filing with the 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 quarter.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Clear Secure by 11.7% during the first quarter. Vanguard Group Inc. now owns 10,571,993 shares of the company’s stock worth $224,866,000 after purchasing an additional 1,111,330 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Clear Secure by 56.5% in the 2nd quarter. Renaissance Technologies LLC now owns 2,954,100 shares of the company’s stock valued at $55,271,000 after purchasing an additional 1,066,400 shares in the last quarter. Rice Hall James & Associates LLC boosted its holdings in Clear Secure by 303.6% in the 2nd quarter. Rice Hall James & Associates LLC now owns 1,199,649 shares of the company’s stock valued at $22,445,000 after purchasing an additional 902,436 shares in the last quarter. Marshall Wace LLP boosted its holdings in Clear Secure by 278.3% in the 2nd quarter. Marshall Wace LLP now owns 1,099,062 shares of the company’s stock valued at $20,563,000 after purchasing an additional 808,515 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in Clear Secure by 56.3% in the 2nd quarter. Millennium Management LLC now owns 2,103,578 shares of the company’s stock valued at $39,358,000 after purchasing an additional 757,528 shares in the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Wedbush reaffirmed a “neutral” rating and issued a $26.00 price objective (up previously from $24.00) on shares of Clear Secure in a report on Thursday, November 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Clear Secure in a report on Friday, November 8th. The Goldman Sachs Group lifted their price objective on Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Telsey Advisory Group lifted their price target 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. Finally, Stifel Nicolaus lifted their price target on shares of Clear Secure from $24.00 to $32.00 and gave the company 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Clear Secure currently has an average rating of “Hold” and a consensus price target of $32.67.

Clear Secure Price Performance

Shares of Clear Secure stock opened at $26.18 on Friday. Clear Secure, Inc. has a 1 year low of $16.05 and a 1 year high of $38.88. The company has a market capitalization of $3.65 billion, a P/E ratio of 30.44 and a beta of 1.63. The business has a 50 day moving average price of $32.46 and a 200 day moving average price of $25.44.

Clear Secure (NYSE:YOU) last issued its quarterly earnings data 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). Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The company had revenue of $198.40 million for the quarter, compared to analyst estimates of $194.62 million. During the same quarter in the prior year, the firm earned $0.20 earnings per share. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. As a group, research analysts expect that Clear Secure, Inc. will post 0.98 EPS for the current fiscal year.

Clear Secure Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th will be given a dividend of $0.125 per share. This is an increase from Clear Secure’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Tuesday, December 10th. Clear Secure’s payout ratio is currently 58.14%.

Insider Buying and Selling

In other Clear Secure news, CAO Dennis W. Liu sold 1,500 shares of Clear Secure 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 sale, the chief accounting officer now directly owns 7,211 shares of the company’s stock, valued at approximately $223,901.55. The trade was a 17.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alclear Investments Ii, Llc sold 227,021 shares of Clear Secure stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $31.05, for a total transaction of $7,049,002.05. The disclosure for this sale can be found here. Insiders sold 1,006,435 shares of company stock worth $32,173,077 in the last ninety days. Insiders own 37.85% of the company’s stock.

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.