Occudo Quantitative Strategies LP Trims Stake in Clear Secure, Inc. (NYSE:YOU)

Occudo Quantitative Strategies LP lessened its holdings in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 50.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,030 shares of the company's stock after selling 14,150 shares during the period. Occudo Quantitative Strategies LP's holdings in Clear Secure were worth $374,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Huntington National Bank purchased a new stake in Clear Secure in the 4th quarter valued at about $35,000. SRS Capital Advisors Inc. raised its position in Clear Secure by 56.1% during the 4th 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. Strategic Investment Solutions Inc. IL lifted its holdings in shares of 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 buying an additional 2,276 shares during the period. Harbour Investments Inc. grew its position in shares of Clear Secure by 23.0% during the 4th quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock worth $64,000 after buying an additional 450 shares in the last quarter. Finally, Natixis purchased a new position in shares of Clear Secure during the fourth quarter valued at $73,000. Institutional investors own 73.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on YOU. Telsey Advisory Group restated an "outperform" rating and set a $32.00 target price on shares of Clear Secure in a report on Friday, May 9th. 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. Finally, Needham & Company LLC restated a "buy" rating and issued a $45.00 price target on shares of Clear Secure in a report on Monday, March 24th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $32.00.

Clear Secure Stock Performance

NYSE:YOU traded up $0.33 during mid-day trading on Wednesday, hitting $25.50. 564,698 shares of the company's stock traded hands, compared to its average volume of 2,015,470. The company has a fifty day moving average of $25.69 and a 200 day moving average of $25.79. Clear Secure, Inc. has a twelve month low of $16.48 and a twelve month high of $38.88. The company has a market capitalization of $3.49 billion, a P/E ratio of 29.68 and a beta of 1.25.

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

Clear Secure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 10th will be paid a dividend of $0.125 per share. The ex-dividend date is Tuesday, June 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.96%. Clear Secure's payout ratio is currently 31.25%.

Insider Activity at Clear Secure

In related news, Director Kenneth L. Cornick sold 291,466 shares of the firm's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $25.05, for a total transaction of $7,301,223.30. Following the completion of the transaction, the director now owns 64,935 shares of the company's stock, valued at $1,626,621.75. This trade represents a 81.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 39.73% of the stock is owned by insiders.

About Clear Secure

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.