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 business’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $110.46, for a total transaction of $220,920.00. Following the sale, the chief executive officer now directly owns 82,740 shares in the company, valued at approximately $9,139,460.40. This represents a 2.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 value of $929,400.00.

Climb Global Solutions Price Performance

Shares of NASDAQ CLMB traded up $4.68 on Wednesday, hitting $118.07. The company’s stock had a trading volume of 25,333 shares, compared to its average volume of 25,356. The stock has a 50 day moving average of $125.28 and a 200-day moving average of $117.80. Climb Global Solutions, Inc. has a 12-month low of $49.70 and a 12-month high of $145.00. The company has a market capitalization of $543.95 million, a price-to-earnings ratio of 32.00, a price-to-earnings-growth ratio of 1.74 and a beta of 1.18.

Climb Global Solutions Dividend Announcement

The business also recently announced 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. This represents a $0.68 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Monday, March 17th. Climb Global Solutions’s dividend payout ratio (DPR) is presently 16.75%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Climb Global Solutions

Several hedge funds have recently bought and sold shares of CLMB. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Climb Global Solutions during the fourth quarter valued at $722,000. Tidal Investments LLC purchased a new position in Climb Global Solutions in the 4th quarter valued at about $289,000. State of Wyoming acquired a new stake in shares of Climb Global Solutions during the 4th quarter worth about $64,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Climb Global Solutions by 4.2% during 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 in the last quarter. Finally, Lazard Asset Management LLC raised its position in shares of Climb Global Solutions by 195.2% in the fourth quarter. Lazard Asset Management LLC now owns 10,780 shares of the company’s stock valued at $1,366,000 after buying an additional 7,128 shares during the last quarter. Hedge funds and other institutional investors own 49.72% of the company’s stock.

About Climb Global Solutions

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.