Clear Secure, Inc. (NYSE:YOU) Shares Sold by PDT Partners LLC

PDT Partners LLC decreased its position in Clear Secure, Inc. (NYSE:YOU) by 31.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 151,172 shares of the company’s stock after selling 68,782 shares during the quarter. Clear Secure comprises approximately 0.4% of PDT Partners LLC’s holdings, making the stock its 26th largest position. PDT Partners LLC’s holdings in Clear Secure were worth $5,010,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. FMR LLC lifted its holdings in Clear Secure by 30.6% in the 3rd quarter. FMR LLC now owns 6,598,424 shares of the company’s stock valued at $218,672,000 after acquiring an additional 1,547,692 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Clear Secure by 56.5% during the second 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 during the last quarter. Rice Hall James & Associates LLC lifted its stake in Clear Secure by 303.6% during the second 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 during the last quarter. Marshall Wace LLP boosted its holdings in Clear Secure by 278.3% during the second quarter. Marshall Wace LLP now owns 1,099,062 shares of the company’s stock worth $20,563,000 after buying an additional 808,515 shares in the last quarter. Finally, Millennium Management LLC grew its position in Clear Secure by 56.3% in the second quarter. Millennium Management LLC now owns 2,103,578 shares of the company’s stock worth $39,358,000 after buying an additional 757,528 shares during the last quarter. Institutional investors own 73.80% of the company’s stock.

Insider Activity at Clear Secure

In other news, Director Alclear Investments Ii, Llc sold 150,000 shares of the firm’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $34.08, for a total transaction of $5,112,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Kenneth L. Cornick sold 250,000 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $32.30, for a total transaction of $8,075,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 901,500 shares of company stock valued at $29,055,829. Insiders own 37.85% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on YOU. Wedbush reissued a “neutral” rating and set a $26.00 price objective (up from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. Telsey Advisory Group lifted their price target on Clear Secure from $34.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 price objective on shares of Clear Secure in a research note on Friday, November 8th. Stifel Nicolaus lifted their target price 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. Finally, The Goldman Sachs Group upped their price target 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $32.67.

Clear Secure Price Performance

NYSE:YOU opened at $25.87 on Friday. The stock has a market cap of $3.61 billion, a PE ratio of 30.08 and a beta of 1.63. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $38.88. The stock’s 50-day moving average is $31.85 and its two-hundred day moving average is $25.70.

Clear Secure (NYSE:YOU) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The company had revenue of $198.40 million for the quarter, compared to analysts’ expectations of $194.62 million. During the same period in the previous year, the firm posted $0.20 earnings per share. The business’s revenue for the quarter was up 23.7% on a year-over-year basis. On average, equities research analysts anticipate that Clear Secure, Inc. will post 0.98 earnings per share for the current year.

Clear Secure Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.93%. 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 (DPR) is currently 46.51%.

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.