XTX Topco Ltd Purchases 24,993 Shares of Clear Secure, Inc. (NYSE:YOU)

XTX Topco Ltd raised its position in shares of Clear Secure, Inc. (NYSE:YOU) by 210.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,888 shares of the company’s stock after acquiring an additional 24,993 shares during the quarter. XTX Topco Ltd’s holdings in Clear Secure were worth $690,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Hsbc Holdings PLC boosted its position in shares of Clear Secure by 0.5% during the 2nd quarter. Hsbc Holdings PLC now owns 78,968 shares of the company’s stock valued at $1,467,000 after purchasing an additional 409 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Clear Secure by 6.1% in the second quarter. Principal Financial Group Inc. now owns 11,859 shares of the company’s stock valued at $222,000 after buying an additional 681 shares during the period. Brown Lisle Cummings Inc. boosted its holdings in shares of Clear Secure by 11.4% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 8,800 shares of the company’s stock worth $165,000 after buying an additional 900 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in shares of Clear Secure by 5.3% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 19,988 shares of the company’s stock worth $374,000 after buying an additional 1,000 shares during the period. Finally, Quarry LP increased its stake in shares of Clear Secure by 86.4% in the 4th quarter. Quarry LP now owns 2,509 shares of the company’s stock valued at $52,000 after acquiring an additional 1,163 shares in the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Clear Secure Stock Down 0.1 %

Shares of NYSE:YOU opened at $32.85 on Monday. The business’s 50 day moving average is $26.26 and its 200 day moving average is $21.27. Clear Secure, Inc. has a 12-month low of $15.28 and a 12-month high of $33.85. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 58.66 and a beta of 1.65.

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

Clear Secure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 10th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, September 10th. This represents a $0.40 annualized dividend and a dividend yield of 1.22%. Clear Secure’s dividend payout ratio is currently 71.43%.

Insider Transactions at Clear Secure

In related news, insider Richard N. Jr. Patterson sold 7,500 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $22.08, for a total transaction of $165,600.00. Following the completion of the sale, the insider now directly owns 34,227 shares of the company’s stock, valued at $755,732.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Kenneth L. Cornick sold 250,000 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $32.30, for a total transaction of $8,075,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Richard N. Jr. Patterson sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $22.08, for a total transaction of $165,600.00. Following the sale, the insider now owns 34,227 shares of the company’s stock, valued at approximately $755,732.16. The disclosure for this sale can be found here. Insiders have sold 1,023,935 shares of company stock worth $31,714,532 in the last 90 days. Insiders own 37.85% of the company’s stock.

Wall Street Analyst Weigh In

YOU has been the subject of a number of research reports. Telsey Advisory Group restated an “outperform” rating and issued a $34.00 price target on shares of Clear Secure in a report on Wednesday, August 7th. The Goldman Sachs Group boosted their target price on Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of Clear Secure in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $29.20.

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.