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 the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $110.46, for a total transaction of $220,920.00. Following the completion of the sale, the chief executive officer now directly owns 82,740 shares of the company’s stock, valued at $9,139,460.40. The trade was a 2.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 stock was sold at an average price of $123.92, for a total transaction of $929,400.00.

Climb Global Solutions Trading Up 1.4 %

CLMB opened at $117.38 on Friday. The company has a fifty day simple moving average of $124.85 and a 200 day simple moving average of $117.94. The firm has a market cap of $540.77 million, a price-to-earnings ratio of 31.81, a PEG ratio of 1.74 and a beta of 1.18. Climb Global Solutions, Inc. has a twelve month low of $49.70 and a twelve month high of $145.00.

Climb Global Solutions Dividend Announcement

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

Analyst Ratings Changes

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

Institutional Investors Weigh In On Climb Global Solutions

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Climb Global Solutions by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 232,712 shares of the company’s stock worth $29,496,000 after acquiring an additional 5,195 shares in the last quarter. De Lisle Partners LLP grew its holdings in Climb Global Solutions by 24.1% during the 3rd quarter. De Lisle Partners LLP now owns 194,280 shares of the company’s stock worth $19,272,000 after acquiring an additional 37,747 shares in the last quarter. Wasatch Advisors LP grew its holdings in Climb Global Solutions by 1.4% during the 4th quarter. Wasatch Advisors LP now owns 122,723 shares of the company’s stock worth $15,555,000 after acquiring an additional 1,645 shares in the last quarter. Invesco Ltd. grew its holdings in Climb Global Solutions by 11.5% during the 4th quarter. Invesco Ltd. now owns 95,199 shares of the company’s stock worth $12,066,000 after acquiring an additional 9,853 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Climb Global Solutions by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 92,143 shares of the company’s stock worth $9,173,000 after acquiring an additional 881 shares in the last quarter. 49.72% of the stock is owned by institutional investors and hedge funds.

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.