Quest Partners LLC Buys 14,012 Shares of Clear Secure, Inc. (NYSE:YOU)

Quest Partners LLC grew its position in Clear Secure, Inc. (NYSE:YOU) by 274.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,120 shares of the company’s stock after purchasing an additional 14,012 shares during the quarter. Quest Partners LLC’s holdings in Clear Secure were worth $358,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of YOU. Vanguard Group Inc. raised its holdings in Clear Secure by 11.7% in the 1st quarter. Vanguard Group Inc. now owns 10,571,993 shares of the company’s stock worth $224,866,000 after acquiring an additional 1,111,330 shares during the period. Victory Capital Management Inc. increased its stake in shares of Clear Secure by 402.2% in the second quarter. Victory Capital Management Inc. now owns 885,325 shares of the company’s stock worth $16,564,000 after purchasing an additional 709,020 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Clear Secure by 184.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,071,486 shares of the company’s stock worth $22,791,000 after purchasing an additional 695,418 shares during the last quarter. Nordea Investment Management AB boosted its stake in Clear Secure by 425.7% during the 1st quarter. Nordea Investment Management AB now owns 239,440 shares of the company’s stock valued at $5,129,000 after purchasing an additional 193,889 shares during the period. Finally, Honeycomb Asset Management LP grew its holdings in Clear Secure by 40.8% in the 4th quarter. Honeycomb Asset Management LP now owns 600,000 shares of the company’s stock valued at $12,390,000 after buying an additional 174,000 shares during the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Richard N. Jr. Patterson sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $22.08, for a total value of $165,600.00. Following the completion of the transaction, the insider now owns 34,227 shares in the company, valued at approximately $755,732.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Richard N. Jr. Patterson sold 7,500 shares of Clear Secure stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $22.08, for a total value of $165,600.00. Following the completion of the sale, the insider now directly owns 34,227 shares of the company’s stock, valued at approximately $755,732.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Dennis W. Liu sold 1,500 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $25.03, for a total value of $37,545.00. Following the transaction, the chief accounting officer now directly owns 10,211 shares in the company, valued at approximately $255,581.33. The disclosure for this sale can be found here. Insiders have sold 501,356 shares of company stock valued at $14,878,679 over the last three months. 37.85% of the stock is owned by insiders.

Clear Secure Price Performance

NYSE YOU opened at $30.30 on Friday. The stock’s 50 day simple moving average is $24.94 and its 200 day simple moving average is $20.78. Clear Secure, Inc. has a one year low of $15.28 and a one year high of $31.33. The firm has a market cap of $4.22 billion, a PE ratio of 54.11 and a beta of 1.65.

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

Clear Secure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 10th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, September 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.32%. Clear Secure’s payout ratio is 71.43%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on YOU shares. The Goldman Sachs Group increased their price objective on Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Needham & Company LLC restated a “buy” rating and issued a $40.00 price target on shares of Clear Secure in a research report on Wednesday, August 7th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $34.00 price objective on shares of Clear Secure in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $29.20.

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.