Olympiad Research LP Has $818,000 Stake in Clear Secure, Inc. (NYSE:YOU)

Olympiad Research LP trimmed its holdings in Clear Secure, Inc. (NYSE:YOU) by 37.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,691 shares of the company’s stock after selling 14,558 shares during the period. Clear Secure accounts for about 0.5% of Olympiad Research LP’s portfolio, making the stock its 29th biggest holding. Olympiad Research LP’s holdings in Clear Secure were worth $818,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Future Financial Wealth Managment LLC acquired a new position in Clear Secure in the 3rd quarter valued at $33,000. Montag A & Associates Inc. acquired a new position in Clear Secure during the 1st quarter worth about $26,000. University of Texas Texas AM Investment Management Co. acquired a new position in Clear Secure during the 2nd quarter worth about $26,000. NBC Securities Inc. acquired a new position in Clear Secure during the 3rd quarter worth about $105,000. Finally, Plato Investment Management Ltd lifted its stake in shares of Clear Secure by 10,535.4% in the 2nd quarter. Plato Investment Management Ltd now owns 5,105 shares of the company’s stock valued at $96,000 after purchasing an additional 5,057 shares during the period. 73.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Telsey Advisory Group upped 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. The Goldman Sachs Group upped their target price on Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Needham & Company LLC reissued a “buy” rating and set a $45.00 price objective on shares of Clear Secure in a report on Friday, November 1st. Finally, Stifel Nicolaus increased their target price on Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a research report 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 data from MarketBeat.com, Clear Secure currently has a consensus rating of “Hold” and an average target price of $31.83.

Insiders Place Their Bets

In other news, Director Alclear Investments Ii, Llc sold 227,021 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $31.05, for a total transaction of $7,049,002.05. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Richard N. Jr. Patterson sold 7,500 shares of Clear Secure stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $27.04, for a total transaction of $202,800.00. Following the transaction, the insider now directly owns 26,727 shares of the company’s stock, valued at $722,698.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Alclear Investments Ii, Llc sold 227,021 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $31.05, for a total transaction of $7,049,002.05. The disclosure for this sale can be found here. Insiders have sold a total of 1,164,935 shares of company stock worth $36,623,387 in the last 90 days. 37.85% of the stock is currently owned by corporate insiders.

Clear Secure Trading Up 4.7 %

NYSE:YOU opened at $38.45 on Thursday. Clear Secure, Inc. has a 12 month low of $16.05 and a 12 month high of $38.88. The company has a market cap of $5.35 billion, a PE ratio of 49.29 and a beta of 1.63. The company has a 50 day simple moving average of $33.16 and a two-hundred day simple moving average of $24.67.

Clear Secure (NYSE:YOU) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. Clear Secure had a net margin of 10.36% and a return on equity of 35.33%. The firm had revenue of $186.75 million during the quarter, compared to the consensus estimate of $183.78 million. During the same quarter in the previous year, the firm posted $0.05 EPS. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. Research analysts forecast that Clear Secure, Inc. will post 1.01 earnings per share for the current year.

Clear Secure Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 10th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.50 annualized dividend and a yield of 1.30%. This is a boost from Clear Secure’s previous quarterly dividend of $0.10. Clear Secure’s payout ratio is presently 64.10%.

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.