Navellier & Associates Inc. increased its stake in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB – Free Report) by 151.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,126 shares of the company’s stock after buying an additional 4,889 shares during the period. Navellier & Associates Inc.’s holdings in Climb Global Solutions were worth $1,030,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. D.A. Davidson & CO. purchased a new position in shares of Climb Global Solutions during the 4th quarter worth approximately $252,000. Rhumbline Advisers boosted its position in shares of Climb Global Solutions by 10.4% during the 4th quarter. Rhumbline Advisers now owns 4,678 shares of the company’s stock worth $593,000 after purchasing an additional 439 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Climb Global Solutions by 138,542.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 9,705 shares of the company’s stock worth $1,230,000 after purchasing an additional 9,698 shares during the period. MeadowBrook Investment Advisors LLC purchased a new position in shares of Climb Global Solutions during the 4th quarter worth approximately $120,000. Finally, Choreo LLC boosted its position in shares of Climb Global Solutions by 2.7% during the 4th quarter. Choreo LLC now owns 76,828 shares of the company’s stock worth $9,725,000 after purchasing an additional 2,002 shares during the period. Hedge funds and other institutional investors own 49.72% of the company’s stock.
Wall Street Analyst Weigh In
Separately, Barrington Research reaffirmed an “outperform” rating and set a $136.00 price objective on shares of Climb Global Solutions in a research report on Thursday, December 12th.
Climb Global Solutions Stock Down 1.5 %
Climb Global Solutions stock opened at $124.41 on Friday. The firm has a market cap of $573.16 million, a PE ratio of 33.72, a price-to-earnings-growth ratio of 1.74 and a beta of 1.13. Climb Global Solutions, Inc. has a 52-week low of $49.69 and a 52-week high of $142.50. The company’s 50 day moving average is $127.68 and its two-hundred day moving average is $113.67.
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.
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