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

Climb Global Solutions, Inc. (NASDAQ:CLMB) CEO Dale Richard Foster sold 2,000 shares of Climb Global Solutions stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $110.46, for a total transaction of $220,920.00. Following the completion of the transaction, the chief executive officer now directly owns 82,740 shares of the company’s stock, valued at $9,139,460.40. This trade represents a 2.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

NASDAQ CLMB opened at $117.38 on Friday. Climb Global Solutions, Inc. has a one year low of $49.70 and a one year high of $145.00. The company has a 50-day simple moving average of $124.85 and a 200-day simple moving average of $117.94. The firm has a market capitalization of $540.77 million, a PE ratio of 31.81, a price-to-earnings-growth ratio of 1.74 and a beta of 1.18.

Climb Global Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 17th were given a $0.17 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.68 annualized dividend and a yield of 0.58%. Climb Global Solutions’s dividend payout ratio is presently 16.75%.

Analysts Set New Price Targets

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

Institutional Trading of Climb Global Solutions

Hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position in Climb Global Solutions by 138,542.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 9,705 shares of the company’s stock valued at $1,230,000 after purchasing an additional 9,698 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Climb Global Solutions in the 4th quarter valued at about $1,382,000. JPMorgan Chase & Co. lifted its position in Climb Global Solutions by 309.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,558 shares of the company’s stock valued at $752,000 after purchasing an additional 5,711 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in Climb Global Solutions in the 4th quarter valued at about $250,000. Finally, State Street Corp lifted its position in Climb Global Solutions by 12.5% in the 3rd quarter. State Street Corp now owns 62,692 shares of the company’s stock valued at $6,240,000 after purchasing an additional 6,979 shares during the last quarter. 49.72% of the stock is currently owned by institutional investors.

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.