Insider Selling: Climb Global Solutions, Inc. (NASDAQ:CLMB) CEO Sells $929,400.00 in Stock

Climb Global Solutions, Inc. (NASDAQ:CLMB) CEO Dale Richard Foster sold 7,500 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $123.92, for a total transaction of $929,400.00. Following the completion of the transaction, the chief executive officer now directly owns 90,027 shares in the company, valued at $11,156,145.84. This trade represents a 7.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Climb Global Solutions Stock Up 0.4 %

NASDAQ CLMB opened at $111.66 on Friday. The company has a market cap of $514.42 million, a PE ratio of 30.26, a price-to-earnings-growth ratio of 1.74 and a beta of 1.18. Climb Global Solutions, Inc. has a 52 week low of $49.70 and a 52 week high of $145.00. The firm’s 50-day simple moving average is $125.80 and its two-hundred day simple moving average is $117.37.

Climb Global Solutions Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 0.61%. The ex-dividend date is Monday, March 17th. Climb Global Solutions’s dividend payout ratio (DPR) is presently 16.75%.

Institutional Investors Weigh In On Climb Global Solutions

Institutional investors and hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Climb Global Solutions by 138,542.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 9,705 shares of the company’s stock worth $1,230,000 after buying an additional 9,698 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Climb Global Solutions in the fourth quarter worth about $1,382,000. JPMorgan Chase & Co. lifted its holdings in shares of Climb Global Solutions by 309.2% in the third quarter. JPMorgan Chase & Co. now owns 7,558 shares of the company’s stock worth $752,000 after buying an additional 5,711 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of Climb Global Solutions in the fourth quarter worth about $250,000. Finally, State Street Corp lifted its holdings 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 buying an additional 6,979 shares in the last quarter. 49.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.