Alpha DNA Investment Management LLC Sells 12,754 Shares of Clear Secure, Inc. (NYSE:YOU)

Alpha DNA Investment Management LLC decreased its position in shares of Clear Secure, Inc. (NYSE:YOU) by 46.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,481 shares of the company’s stock after selling 12,754 shares during the period. Alpha DNA Investment Management LLC’s holdings in Clear Secure were worth $480,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Hsbc Holdings PLC boosted its stake in Clear Secure by 0.5% in the second quarter. Hsbc Holdings PLC now owns 78,968 shares of the company’s stock valued at $1,467,000 after buying an additional 409 shares in the last quarter. Truist Financial Corp boosted its stake in Clear Secure by 2.0% in 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 in the last quarter. Principal Financial Group Inc. boosted 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 in the last quarter. Capital Performance Advisors LLP acquired a new stake in Clear Secure in the third quarter valued at about $26,000. Finally, Brown Lisle Cummings Inc. boosted its stake in Clear Secure by 11.4% in the second quarter. Brown Lisle Cummings Inc. now owns 8,800 shares of the company’s stock valued at $165,000 after buying an additional 900 shares in the last quarter. Institutional investors own 73.80% of the company’s stock.

Clear Secure Price Performance

Clear Secure stock opened at $26.18 on Monday. The stock’s 50 day moving average is $32.46 and its 200 day moving average is $25.50. The firm has a market cap of $3.65 billion, a P/E ratio of 30.44 and a beta of 1.63. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $38.88.

Clear Secure (NYSE:YOU) last issued its earnings results on Thursday, November 7th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). The business had revenue of $198.40 million during the quarter, compared to the consensus estimate of $194.62 million. Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.20 earnings per share. Equities analysts anticipate that Clear Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

Clear Secure Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 10th will be issued a $0.125 dividend. This is an increase from Clear Secure’s previous quarterly dividend of $0.10. This represents a $0.50 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Tuesday, December 10th. Clear Secure’s payout ratio is presently 46.51%.

Insiders Place Their Bets

In other news, Director Alclear Investments Ii, Llc sold 227,021 shares of the company’s 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael Z. Barkin sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $28.64, for a total value of $716,000.00. Following the transaction, the director now directly owns 7,056 shares in the company, valued at $202,083.84. The trade was a 77.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,006,435 shares of company stock worth $32,173,077. 37.85% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on YOU. Telsey Advisory Group lifted their price target on Clear Secure from $34.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Wedbush reissued a “neutral” rating and set a $26.00 price target (up from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. The Goldman Sachs Group lifted their price target on Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Needham & Company LLC reissued a “buy” rating and set a $45.00 price target on shares of Clear Secure in a research note on Friday, November 8th. Finally, Stifel Nicolaus lifted their price target on Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a research note on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.67.

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.