Clear Secure, Inc. (NYSE:YOU) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd reduced its position in Clear Secure, Inc. (NYSE:YOU) by 53.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,059 shares of the company’s stock after selling 11,531 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Clear Secure were worth $268,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in YOU. GAMMA Investing LLC raised its position in shares of Clear Secure by 221.6% in the fourth quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock valued at $30,000 after buying an additional 771 shares during the last quarter. Huntington National Bank purchased a new stake in Clear Secure during 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 valued at $57,000 after acquiring an additional 766 shares during the last quarter. 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 valued at $64,000 after acquiring an additional 450 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Clear Secure in the 4th quarter worth approximately $83,000. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Clear Secure Stock Performance

YOU stock opened at $26.02 on Friday. 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 $3.56 billion, a PE ratio of 30.25 and a beta of 1.25. The firm’s 50 day moving average price is $24.71 and its 200-day moving average price is $27.53.

Clear Secure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Monday, March 10th. Clear Secure’s dividend payout ratio (DPR) is presently 32.47%.

Analysts Set New Price Targets

Several research firms recently commented on YOU. Stifel Nicolaus cut 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. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $42.00 target price on shares of Clear Secure in a research note on Thursday, February 27th. Finally, 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. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Clear Secure currently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

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.