Dynamic Technology Lab Private Ltd Sells 11,531 Shares of Clear Secure, Inc. (NYSE:YOU)

Dynamic Technology Lab Private Ltd trimmed its holdings in Clear Secure, Inc. (NYSE:YOU - Free Report) by 53.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,059 shares of the company's stock after selling 11,531 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Clear Secure were worth $268,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. GAMMA Investing LLC lifted its stake in Clear Secure by 221.6% during the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company's stock valued at $30,000 after acquiring an additional 771 shares in the last quarter. Huntington National Bank purchased a new stake in shares of Clear Secure in the fourth quarter valued at about $35,000. SRS Capital Advisors Inc. lifted its position in shares of Clear Secure by 56.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock valued at $57,000 after purchasing an additional 766 shares in the last quarter. Harbour Investments Inc. boosted its holdings in Clear Secure by 23.0% during the fourth quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock worth $64,000 after purchasing an additional 450 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in Clear Secure in the 4th quarter worth about $83,000. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on YOU. Stifel Nicolaus cut their target price on Clear Secure from $32.00 to $26.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. Needham & Company LLC reiterated a "buy" rating and set a $45.00 price target on shares of Clear Secure in a report on Monday, March 24th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $42.00 price objective on shares of Clear Secure in a research note on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Clear Secure presently has an average rating of "Moderate Buy" and an average price target of $34.00.

Clear Secure Trading Down 0.5 %

Shares of NYSE:YOU traded down $0.14 during mid-day trading on Wednesday, reaching $27.06. The company had a trading volume of 164,626 shares, compared to its average volume of 2,190,182. The company's 50-day moving average price is $24.95 and its 200-day moving average price is $27.42. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $38.88. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 31.46 and a beta of 1.25.

Clear Secure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.85%. Clear Secure's dividend payout ratio is presently 32.47%.

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.