6,312 Shares in Climb Global Solutions, Inc. $CLMB Purchased by Caprock Group LLC

Caprock Group LLC acquired a new stake in Climb Global Solutions, Inc. (NASDAQ:CLMB) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,312 shares of the company’s stock, valued at approximately $780,000. Caprock Group LLC owned approximately 0.14% of Climb Global Solutions at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CLMB. Aviva PLC purchased a new stake in shares of Climb Global Solutions in the second quarter valued at $473,000. Conestoga Capital Advisors LLC purchased a new position in Climb Global Solutions in the 3rd quarter valued at about $1,210,000. New York State Common Retirement Fund boosted its stake in shares of Climb Global Solutions by 1,069.8% during the 3rd quarter. New York State Common Retirement Fund now owns 21,465 shares of the company’s stock worth $2,894,000 after purchasing an additional 19,630 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Climb Global Solutions by 37.8% during the third quarter. Thrivent Financial for Lutherans now owns 102,478 shares of the company’s stock worth $13,818,000 after buying an additional 28,089 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of Climb Global Solutions in the second quarter valued at approximately $999,000. 49.72% of the stock is owned by institutional investors and hedge funds.

Climb Global Solutions Price Performance

Shares of Climb Global Solutions stock opened at $121.05 on Tuesday. The firm has a market cap of $558.04 million, a price-to-earnings ratio of 26.03, a P/E/G ratio of 1.82 and a beta of 1.15. The stock has a 50-day simple moving average of $114.55 and a 200-day simple moving average of $119.20. Climb Global Solutions, Inc. has a 52-week low of $88.90 and a 52-week high of $145.02.

Wall Street Analysts Forecast Growth

CLMB has been the subject of several recent research reports. Barrington Research reissued an “outperform” rating and issued a $136.00 price objective on shares of Climb Global Solutions in a research report on Friday, November 7th. Zacks Research raised Climb Global Solutions from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Wall Street Zen cut Climb Global Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Finally, Weiss Ratings lowered Climb Global Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $136.00.

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.