Climb Global Solutions (NASDAQ:CLMB) Receives “Outperform” Rating from Barrington Research

Barrington Research reissued their outperform rating on shares of Climb Global Solutions (NASDAQ:CLMB) in a research report released on Friday morning,Benzinga reports. They currently have a $136.00 price objective on the stock.

CLMB has been the subject of several other research reports. Weiss Ratings lowered Climb Global Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Zacks Research upgraded shares of Climb Global Solutions from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Finally, Wall Street Zen lowered shares of Climb Global Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Climb Global Solutions currently has an average rating of “Hold” and an average price target of $136.00.

Climb Global Solutions Stock Performance

Shares of NASDAQ:CLMB opened at $118.50 on Friday. The firm has a market capitalization of $546.29 million, a P/E ratio of 25.48, a P/E/G ratio of 1.79 and a beta of 1.15. The stock has a 50 day moving average price of $115.29 and a 200-day moving average price of $119.31. Climb Global Solutions has a 52-week low of $88.90 and a 52-week high of $145.02.

Institutional Trading of Climb Global Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of CLMB. Flagship Harbor Advisors LLC lifted its stake in shares of Climb Global Solutions by 3.6% in the fourth quarter. Flagship Harbor Advisors LLC now owns 2,739 shares of the company’s stock worth $282,000 after buying an additional 95 shares in the last quarter. IFP Advisors Inc lifted its position in Climb Global Solutions by 18.2% in the 3rd quarter. IFP Advisors Inc now owns 643 shares of the company’s stock valued at $90,000 after acquiring an additional 99 shares in the last quarter. Tidal Investments LLC lifted its position in Climb Global Solutions by 4.7% in the 2nd quarter. Tidal Investments LLC now owns 2,415 shares of the company’s stock valued at $258,000 after acquiring an additional 108 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Climb Global Solutions by 0.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,683 shares of the company’s stock valued at $1,356,000 after purchasing an additional 114 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Climb Global Solutions by 4.3% in the 3rd quarter. Franklin Resources Inc. now owns 2,989 shares of the company’s stock worth $403,000 after purchasing an additional 122 shares in the last quarter. 49.72% of the stock is currently owned by institutional investors.

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.