Climb Global Solutions, Inc. $CLMB Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its holdings in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 37.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,478 shares of the company’s stock after acquiring an additional 28,089 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Climb Global Solutions were worth $13,818,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Tidal Investments LLC lifted its stake in Climb Global Solutions by 4.7% in the 2nd quarter. Tidal Investments LLC now owns 2,415 shares of the company’s stock worth $258,000 after purchasing an additional 108 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Climb Global Solutions by 0.9% in the second quarter. Ameriprise Financial Inc. now owns 12,683 shares of the company’s stock valued at $1,356,000 after purchasing an additional 114 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Climb Global Solutions by 5.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,522 shares of the company’s stock worth $279,000 after buying an additional 131 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Climb Global Solutions during the third quarter worth $27,000. Finally, Geode Capital Management LLC grew its holdings in Climb Global Solutions by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 93,259 shares of the company’s stock valued at $9,972,000 after buying an additional 259 shares in the last quarter. Institutional investors and hedge funds own 49.72% of the company’s stock.

Analyst Upgrades and Downgrades

CLMB has been the topic of several analyst reports. Barrington Research reiterated an “outperform” rating and set a $136.00 price target on shares of Climb Global Solutions in a report on Friday, November 7th. Weiss Ratings cut shares of Climb Global Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Wall Street Zen lowered shares of Climb Global Solutions from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Finally, Zacks Research raised shares of Climb Global Solutions from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $136.00.

Climb Global Solutions Price Performance

Shares of CLMB stock opened at $119.87 on Thursday. Climb Global Solutions, Inc. has a 1-year low of $88.90 and a 1-year high of $145.02. The firm has a market cap of $552.60 million, a PE ratio of 25.78, a price-to-earnings-growth ratio of 1.81 and a beta of 1.15. The company has a 50-day moving average of $112.28 and a two-hundred day moving average of $118.11.

Climb Global Solutions Profile

Climb Global Solutions Inc operates as a value-added information technology (IT) distribution and solutions company in the United States, Canada, Europe, the United Kingdom, and internationally. It operates in two segments, Distribution and Solutions. The company distributes technical software to corporate and value-added resellers, consultants, and systems integrators under the name Climb Channel Solutions; and provides cloud solutions and resells software, hardware, and services under the name Grey Matter.