Climb Global Solutions, Inc. $CLMB Holdings Lifted by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC boosted its holdings in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 449.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,350 shares of the company’s stock after buying an additional 59,185 shares during the period. Conestoga Capital Advisors LLC owned approximately 0.39% of Climb Global Solutions worth $1,434,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Climb Global Solutions by 5.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,522 shares of the company’s stock valued at $279,000 after purchasing an additional 131 shares during the period. Jane Street Group LLC purchased a new position in Climb Global Solutions during the first quarter valued at approximately $426,000. JPMorgan Chase & Co. grew its position in Climb Global Solutions by 221.5% during the second quarter. JPMorgan Chase & Co. now owns 32,914 shares of the company’s stock valued at $3,519,000 after purchasing an additional 22,676 shares in the last quarter. Rhumbline Advisers increased its stake in Climb Global Solutions by 21.1% in the 2nd quarter. Rhumbline Advisers now owns 6,007 shares of the company’s stock valued at $642,000 after buying an additional 1,047 shares during the period. Finally, American Century Companies Inc. increased its stake in Climb Global Solutions by 31.4% in the 2nd quarter. American Century Companies Inc. now owns 9,028 shares of the company’s stock valued at $965,000 after buying an additional 2,159 shares during the period. 49.72% of the stock is currently owned by institutional investors and hedge funds.

Climb Global Solutions Price Performance

Shares of NASDAQ:CLMB opened at $24.57 on Thursday. Climb Global Solutions, Inc. has a fifty-two week low of $15.24 and a fifty-two week high of $36.26. The business has a 50-day moving average of $21.54 and a two-hundred day moving average of $24.10. The stock has a market capitalization of $457.00 million, a P/E ratio of 21.55, a P/E/G ratio of 1.47 and a beta of 1.09.

Climb Global Solutions (NASDAQ:CLMB) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). Climb Global Solutions had a net margin of 3.01% and a return on equity of 20.43%. The company had revenue of $182.38 million for the quarter, compared to analyst estimates of $151.33 million. As a group, research analysts expect that Climb Global Solutions, Inc. will post 1.32 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on CLMB. Barrington Research reissued an “outperform” rating and set a $30.00 target price on shares of Climb Global Solutions in a research note on Tuesday, May 5th. Weiss Ratings downgraded shares of Climb Global Solutions from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Wall Street Zen lowered Climb Global Solutions from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Northcoast Research raised Climb Global Solutions to a “strong-buy” rating in a research report on Monday, March 23rd. Finally, Northland Securities assumed coverage on Climb Global Solutions in a research report on Monday, March 23rd. They issued an “outperform” rating and a $32.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $31.00.

Insider Transactions at Climb Global Solutions

In related news, Director John R. Mccarthy purchased 4,000 shares of the stock in a transaction on Monday, May 4th. The shares were bought at an average price of $18.83 per share, for a total transaction of $75,320.00. Following the completion of the acquisition, the director directly owned 85,876 shares in the company, valued at approximately $1,617,045.08. This trade represents a 4.89% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.80% of the stock is owned by insiders.

Climb Global Solutions 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.