Sunday, June 26, 2022

10% Owner GENERAL ATLANTIC, L.P. sale 3,800,000 shares of Clear Secure Inc. [YOU]

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Clear Secure Inc. shares valued at $120,270,000 were sold by GENERAL ATLANTIC, L.P. on May 17. At $31.65 per share, GENERAL ATLANTIC, L.P. sold 3,800,000 shares. The insider’s holdings dropped to 7,013,699 shares worth approximately $154.23 million following the completion of this transaction.

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Also, GAPCO AIV Interholdco (AC), L. sold 3,800,000 shares, netting a total of over 120,270,000 in proceeds. Following the sale of shares at $31.65 each, the insider now holds 7,013,699 shares.

Before that, General Atlantic Partners AIV had sold 3,800,000 shares from its account. In a trade valued at $120,270,000, the 10% Owner traded Clear Secure Inc. shares for $31.65 each. Upon closing the transaction, the insider’s holdings decreased to 3,800,000 shares, worth approximately $154.23 million.

As published in a research note from JP Morgan on August 03, 2021, Clear Secure Inc. [YOU] has been rated down from an Overweight to a Neutral and the price target has been revised to $52. This represents a 57.71% premium over Wednesday’s closing price. Analysts at Wells Fargo started covering the stock with ‘”an Equal weight”‘ outlook in a report released in late July. As of July 26, 2021, Telsey Advisory Group has initiated its “an Outperform” rating for YOU. Earlier on July 26, 2021, Stifel initiated its rating. Their recommendation was “a Buy” for YOU stock.

Analyzing YOU’s Price Performance

On Wednesday, Clear Secure Inc. [NYSE: YOU] plunged -3.51% to $21.99. The stock’s lowest price that day was $21.72, but it reached a high of $23.01 in the same session. During the last five days, there has been a surge of approximately 4.61%. Over the course of the year, Clear Secure Inc. shares have dropped approximately -29.90%. A 50-day SMA is recorded $27.59, while a 200-day SMA reached $31.17. Nevertheless, trading volume fell to 1.6 million shares from 2.34 million shares the previous day.

Support And Resistance Levels for Clear Secure Inc. (YOU)

According to the 24-hour chart, there is a support level at 21.47, which, if violated, would cause prices to drop to 20.95. In the upper region, resistance lies at 22.76. The next price resistance is at 23.53. RSI (Relative Strength Index) is 40.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.99, which suggests the price will decrease in the coming days. Percent R is at 85.73%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Clear Secure Inc. subject to short interest?

Stocks of Clear Secure Inc. saw a sharp rise in short interest on Apr 28, 2022 jumping by 0.22 million shares to 8.83 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 8.61 million shares. A jump of 2.49% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 11.75 of the overall float, the days-to-cover ratio (short ratio) jumped to 11.75.

Which companies own the most shares of Clear Secure Inc. (YOU)?

According to T. Rowe Price Associates, Inc. filings, the company currently owns 16,996,966 shares, which is about 21.63% of the total YOU shares outstanding. The investor’s shares have plunged by -4,294,137 from its previous 13-F filing of 21291103.0 shares. With the completion of the buy, Durable Capital Partners LP’s stake is now worth $314,917,575. The Vanguard Group, Inc. acquire a 144.63% interest valued at $88.75 million while Capital Research & Management Co purchased a 200,000 stake. A total of 1,363,224 shares of Clear Secure Inc. were bought by Fidelity Management & Research Co during the quarter, and 820,455 were bought by Lord, Abbett & Co. LLC. In its current portfolio, Jennison Associates LLC holds 1,203,911 shares valued at $33.04 million.

In terms of Clear Secure Inc. share price expectations, FactSet research, analysts set an average price target of $33.17 in the next 12 months, up nearly 46.99% from the previous closing price of $22.79. Analysts anticipate Clear Secure Inc. stock to reach $38.00 by 2022, with the lowest price target being $29.00. In spite of this, 6 analysts ranked Clear Secure Inc. stock as an Overweight at the end of 2022. On July 26, 2021, Loop Capital assigned a price target of “a Hold” to the stock and initiated coverage with a $44.

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