Barrington Research reiterated their outperform rating on shares of Climb Global Solutions (NASDAQ:CLMB - Free Report) in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has a $136.00 price objective on the stock. Barrington Research also issued estimates for Climb Global Solutions' Q2 2025 earnings at $0.90 EPS, Q3 2025 earnings at $1.66 EPS, Q4 2025 earnings at $1.72 EPS, FY2025 earnings at $5.14 EPS and FY2026 earnings at $6.05 EPS.
Climb Global Solutions Price Performance
Shares of CLMB traded down $1.73 during midday trading on Tuesday, hitting $108.55. The stock had a trading volume of 43,293 shares, compared to its average volume of 29,235. Climb Global Solutions has a 1 year low of $49.70 and a 1 year high of $145.00. The firm has a market cap of $499.55 million, a PE ratio of 29.42, a price-to-earnings-growth ratio of 1.74 and a beta of 1.12. The stock's 50 day moving average is $108.01 and its 200 day moving average is $120.08.
Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.86 EPS for the quarter, missing analysts' consensus estimates of $0.89 by ($0.03). The company had revenue of $138.04 million during the quarter, compared to the consensus estimate of $96.86 million. Climb Global Solutions had a return on equity of 23.63% and a net margin of 4.11%. As a group, equities research analysts expect that Climb Global Solutions will post 4.14 earnings per share for the current fiscal year.
Climb Global Solutions Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Monday, May 12th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.63%. The ex-dividend date is Monday, May 12th. Climb Global Solutions's payout ratio is 15.93%.
Insiders Place Their Bets
In other news, Director Greg Scorziello sold 5,767 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $100.63, for a total value of $580,333.21. Following the sale, the director now directly owns 1,774 shares in the company, valued at approximately $178,517.62. This trade represents a 76.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew S. Bryant sold 2,543 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $125.50, for a total transaction of $319,146.50. Following the completion of the sale, the director now owns 11,261 shares in the company, valued at $1,413,255.50. This represents a 18.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,531 shares of company stock worth $3,379,759 in the last three months. Corporate insiders own 6.10% of the company's stock.
Hedge Funds Weigh In On Climb Global Solutions
A number of institutional investors have recently bought and sold shares of CLMB. Aptus Capital Advisors LLC purchased a new position in Climb Global Solutions during the 1st quarter worth approximately $2,457,000. De Lisle Partners LLP increased its holdings in shares of Climb Global Solutions by 8.4% during the 1st quarter. De Lisle Partners LLP now owns 224,588 shares of the company's stock valued at $24,822,000 after purchasing an additional 17,308 shares in the last quarter. Royce & Associates LP increased its holdings in shares of Climb Global Solutions by 40.9% during the 4th quarter. Royce & Associates LP now owns 50,601 shares of the company's stock valued at $6,414,000 after purchasing an additional 14,682 shares in the last quarter. Sowell Financial Services LLC purchased a new position in shares of Climb Global Solutions during the 4th quarter valued at approximately $1,489,000. Finally, Independent Advisor Alliance purchased a new position in shares of Climb Global Solutions during the 1st quarter valued at approximately $1,284,000. 49.72% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading
Before you consider Climb Global Solutions, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Climb Global Solutions wasn't on the list.
While Climb Global Solutions currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
