Voloridge Investment Management LLC Lowers Holdings in Clear Secure, Inc. (NYSE:YOU)

Voloridge Investment Management LLC lessened its stake in Clear Secure, Inc. (NYSE:YOU - Free Report) by 13.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 443,721 shares of the company's stock after selling 66,748 shares during the quarter. Voloridge Investment Management LLC owned 0.32% of Clear Secure worth $11,821,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Huntington National Bank acquired a new position in shares of Clear Secure in the 4th quarter valued at about $35,000. SRS Capital Advisors Inc. raised its holdings in Clear Secure by 56.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock worth $57,000 after purchasing an additional 766 shares during the period. Strategic Investment Solutions Inc. IL raised its holdings in Clear Secure by 113,800.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 2,278 shares of the company's stock worth $61,000 after purchasing an additional 2,276 shares during the period. Harbour Investments Inc. raised its holdings in Clear Secure by 23.0% in the 4th 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 period. Finally, Natixis acquired a new position in Clear Secure in the 4th quarter worth about $73,000. Institutional investors and hedge funds own 73.80% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on YOU shares. Stifel Nicolaus reduced their price target on Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Needham & Company LLC reaffirmed a "buy" rating and issued a $45.00 price target on shares of Clear Secure in a report on Monday, March 24th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $32.00 price target on shares of Clear Secure in a report on Friday, May 9th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $32.00.

Insider Buying and Selling

In related news, Director Kenneth L. Cornick sold 291,466 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $25.05, for a total value of $7,301,223.30. Following the completion of the transaction, the director now directly owns 64,935 shares in the company, valued at approximately $1,626,621.75. This represents a 81.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 957,964 shares of company stock worth $24,155,799. Company insiders own 39.73% of the company's stock.

Clear Secure Stock Performance

Shares of YOU stock traded up $0.51 during trading hours on Tuesday, reaching $24.49. The company had a trading volume of 1,601,360 shares, compared to its average volume of 2,029,051. The stock has a fifty day moving average of $25.51 and a 200-day moving average of $25.49. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 28.48 and a beta of 1.25. Clear Secure, Inc. has a 12-month low of $16.53 and a 12-month high of $38.88.

Clear Secure (NYSE:YOU - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.04). The company had revenue of $211.40 million during the quarter, compared to analysts' expectations of $208.02 million. Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. Clear Secure's revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter last year, the company earned $0.28 earnings per share. On average, analysts forecast that Clear Secure, Inc. will post 0.98 EPS for the current year.

Clear Secure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 10th will be given a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.50 annualized dividend and a yield of 2.04%. Clear Secure's payout ratio is 31.25%.

Clear Secure 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.