Climb Global Solutions, Inc. (NASDAQ:CLMB) CEO Sells $220,920.00 in Stock

by · The Cerbat Gem

Climb Global Solutions, Inc. (NASDAQ:CLMB – Get Free Report) CEO Dale Richard Foster sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $110.46, for a total value of $220,920.00. Following the completion of the sale, the chief executive officer now directly owns 82,740 shares in the company, valued at approximately $9,139,460.40. This trade represents a 2.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Dale Richard Foster also recently made the following trade(s):

  • On Tuesday, March 11th, Dale Richard Foster sold 7,500 shares of Climb Global Solutions stock. The shares were sold at an average price of $123.92, for a total transaction of $929,400.00.

Climb Global Solutions Stock Performance

CLMB opened at $118.07 on Thursday. Climb Global Solutions, Inc. has a one year low of $49.70 and a one year high of $145.00. The stock’s fifty day moving average is $125.15 and its 200-day moving average is $117.80. The company has a market capitalization of $543.95 million, a PE ratio of 32.00, a P/E/G ratio of 1.74 and a beta of 1.18.

Climb Global Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.68 annualized dividend and a yield of 0.58%. Climb Global Solutions’s payout ratio is presently 16.75%.

Analysts Set New Price Targets

Separately, Barrington Research restated an “outperform” rating and issued a $136.00 target price on shares of Climb Global Solutions in a research report on Thursday, March 6th.

Read Our Latest Research Report on CLMB

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CLMB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Climb Global Solutions by 4.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,391 shares of the company’s stock worth $303,000 after buying an additional 96 shares during the period. Summit Investment Advisors Inc. raised its stake in shares of Climb Global Solutions by 28.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 440 shares of the company’s stock worth $56,000 after purchasing an additional 97 shares in the last quarter. Northern Trust Corp lifted its stake in Climb Global Solutions by 0.3% in the fourth quarter. Northern Trust Corp now owns 48,768 shares of the company’s stock valued at $6,181,000 after acquiring an additional 137 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Climb Global Solutions by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,837 shares of the company’s stock worth $1,500,000 after purchasing an additional 251 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of Climb Global Solutions by 3.5% during the 4th quarter. Barclays PLC now owns 8,897 shares of the company’s stock worth $1,128,000 after acquiring an additional 300 shares in the last quarter. 49.72% of the stock is currently owned by institutional investors and hedge funds.

Climb Global Solutions Company Profile

(Get Free Report)

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.

Featured Articles