Climb Global Solutions (CLMB) to Release Earnings on Wednesday

Climb Global Solutions (NASDAQ:CLMB - Get Free Report) will likely be posting its Q1 2025 quarterly earnings results after the market closes on Wednesday, April 30th. Analysts expect the company to announce earnings of $0.89 per share and revenue of $96.86 million for the quarter.

Climb Global Solutions Trading Down 2.6 %

Shares of NASDAQ:CLMB traded down $2.87 on Monday, reaching $106.27. 20,312 shares of the company were exchanged, compared to its average volume of 30,827. The company has a 50-day moving average of $112.88 and a 200-day moving average of $120.27. The firm has a market cap of $489.60 million, a price-to-earnings ratio of 28.70, a price-to-earnings-growth ratio of 1.74 and a beta of 1.13. Climb Global Solutions has a 1-year low of $49.69 and a 1-year high of $144.99.

Climb Global Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 17th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend was Monday, March 17th. Climb Global Solutions's dividend payout ratio (DPR) is 16.75%.

Insider Buying and Selling

In related news, Director Andrew S. Bryant sold 2,543 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $125.50, for a total value of $319,146.50. Following the transaction, the director now owns 11,261 shares in the company, valued at approximately $1,413,255.50. The trade was a 18.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Dale Richard Foster sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $110.46, for a total value of $220,920.00. Following the completion of the transaction, the chief executive officer now directly owns 82,740 shares in the company, valued at approximately $9,139,460.40. The trade was a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,764 shares of company stock valued at $2,799,426. Insiders own 9.60% of the company's stock.

Analyst Ratings Changes

Separately, Barrington Research restated an "outperform" rating and set a $136.00 target price on shares of Climb Global Solutions in a research report on Thursday.

Climb Global Solutions Company 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.