Equities Analysts Set Expectations for CLMB FY2025 Earnings

Climb Global Solutions, Inc. (NASDAQ:CLMB) – Barrington Research issued their FY2025 EPS estimates for shares of Climb Global Solutions in a research note issued to investors on Monday, March 17th. Barrington Research analyst V. Colicchio expects that the company will post earnings per share of $5.40 for the year. Barrington Research currently has a “Outperform” rating and a $136.00 price target on the stock. The consensus estimate for Climb Global Solutions’ current full-year earnings is $4.14 per share.

Climb Global Solutions Price Performance

NASDAQ CLMB opened at $113.39 on Wednesday. The business has a fifty day moving average price of $125.28 and a two-hundred day moving average price of $117.80. The stock has a market capitalization of $522.39 million, a PE ratio of 30.73, a PEG ratio of 1.74 and a beta of 1.18. Climb Global Solutions has a fifty-two week low of $49.70 and a fifty-two week high of $145.00.

Climb Global Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 17th will be given a dividend of $0.17 per share. The ex-dividend date is Monday, March 17th. This represents a $0.68 annualized dividend and a dividend yield of 0.60%. Climb Global Solutions’s dividend payout ratio is currently 16.75%.

Insider Activity at Climb Global Solutions

In related news, insider Charles Edward Bass sold 8,117 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $124.71, for a total value of $1,012,271.07. Following the completion of the transaction, the insider now owns 25,792 shares of the company’s stock, valued at $3,216,520.32. This represents a 23.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Dale Richard Foster sold 7,500 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $123.92, for a total transaction of $929,400.00. Following the sale, the chief executive officer now directly owns 90,027 shares in the company, valued at approximately $11,156,145.84. The trade was a 7.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,764 shares of company stock valued at $2,578,506 over the last ninety days. 9.60% of the stock is owned by corporate insiders.

Institutional Trading of Climb Global Solutions

A number of hedge funds have recently made changes to their positions in CLMB. Allspring Global Investments Holdings LLC raised its holdings 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 buying an additional 9,698 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Climb Global Solutions during the fourth quarter valued at $1,382,000. JPMorgan Chase & Co. lifted its holdings in shares of Climb Global Solutions by 309.2% during the third quarter. JPMorgan Chase & Co. now owns 7,558 shares of the company’s stock worth $752,000 after purchasing an additional 5,711 shares during the period. Flagship Harbor Advisors LLC bought a new stake in shares of Climb Global Solutions in the fourth quarter worth $250,000. Finally, State Street Corp grew its stake in shares of Climb Global Solutions by 12.5% in the third quarter. State Street Corp now owns 62,692 shares of the company’s stock worth $6,240,000 after purchasing an additional 6,979 shares during 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.