Climb Global Solutions (NASDAQ:CLMB) Director John Mccarthy Purchases 4,000 Shares of Stock

Climb Global Solutions, Inc. (NASDAQ:CLMB) Director John Mccarthy acquired 4,000 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were bought at an average price of $18.83 per share, for a total transaction of $75,320.00. Following the completion of the transaction, the director owned 85,876 shares of the company’s stock, valued at approximately $1,617,045.08. This trade represents a 4.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Climb Global Solutions Price Performance

Climb Global Solutions stock opened at $19.69 on Wednesday. Climb Global Solutions, Inc. has a 1-year low of $15.24 and a 1-year high of $36.26. The firm has a market capitalization of $366.23 million, a P/E ratio of 17.27, a price-to-earnings-growth ratio of 1.18 and a beta of 1.00. The company’s 50-day moving average is $21.29 and its 200 day moving average is $26.01.

Climb Global Solutions (NASDAQ:CLMB) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.04). Climb Global Solutions had a net margin of 3.01% and a return on equity of 20.43%. The company had revenue of $182.38 million during the quarter, compared to analysts’ expectations of $151.33 million. Research analysts anticipate that Climb Global Solutions, Inc. will post 1.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Climb Global Solutions

Several hedge funds have recently modified their holdings of CLMB. Flagship Harbor Advisors LLC raised its stake in shares of Climb Global Solutions by 3.6% during the 4th quarter. Flagship Harbor Advisors LLC now owns 2,739 shares of the company’s stock worth $282,000 after purchasing an additional 95 shares during the period. IFP Advisors Inc grew its holdings in shares of Climb Global Solutions by 18.2% during the 3rd quarter. IFP Advisors Inc now owns 643 shares of the company’s stock worth $90,000 after acquiring an additional 99 shares during the period. Tidal Investments LLC boosted its holdings in shares of Climb Global Solutions by 4.7% during the 2nd quarter. Tidal Investments LLC now owns 2,415 shares of the company’s stock valued at $258,000 after buying an additional 108 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Climb Global Solutions by 0.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,683 shares of the company’s stock valued at $1,356,000 after buying an additional 114 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Climb Global Solutions by 4.3% in the 3rd quarter. Franklin Resources Inc. now owns 2,989 shares of the company’s stock worth $403,000 after purchasing an additional 122 shares in the last quarter. Institutional investors own 49.72% of the company’s stock.

Analyst Ratings Changes

CLMB has been the subject of a number of analyst reports. Zacks Research raised Climb Global Solutions from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Barrington Research reiterated an “outperform” rating and set a $30.00 target price on shares of Climb Global Solutions in a research report on Tuesday. Northcoast Research upgraded shares of Climb Global Solutions to a “strong-buy” rating in a research report on Monday, March 23rd. Wall Street Zen downgraded Climb Global Solutions from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Northland Securities started coverage on shares of Climb Global Solutions in a research note on Monday, March 23rd. They issued an “outperform” rating and a $32.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Climb Global Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.00.

About Climb Global Solutions

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.