Climb Global Solutions, Inc. (NASDAQ:CLMB) Short Interest Update

Climb Global Solutions, Inc. (NASDAQ:CLMB) saw a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 243,457 shares, a decrease of 14.3% from the January 29th total of 284,200 shares. Currently, 5.6% of the company’s shares are sold short. Based on an average trading volume of 51,518 shares, the days-to-cover ratio is currently 4.7 days. Based on an average trading volume of 51,518 shares, the days-to-cover ratio is currently 4.7 days. Currently, 5.6% of the company’s shares are sold short.

Institutional Trading of Climb Global Solutions

Several large investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Climb Global Solutions by 5.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,522 shares of the company’s stock worth $279,000 after acquiring an additional 131 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Climb Global Solutions in the 1st quarter worth approximately $426,000. Aviva PLC acquired a new position in shares of Climb Global Solutions in the 2nd quarter worth approximately $473,000. CSM Advisors LLC bought a new stake in shares of Climb Global Solutions in the 2nd quarter worth approximately $3,655,000. Finally, Geode Capital Management LLC lifted its stake in Climb Global Solutions by 0.3% during the second quarter. Geode Capital Management LLC now owns 93,259 shares of the company’s stock valued at $9,972,000 after purchasing an additional 259 shares during the last quarter. 49.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CLMB. Barrington Research reduced their price target on Climb Global Solutions from $136.00 to $120.00 and set an “outperform” rating for the company in a report on Thursday. Wall Street Zen cut Climb Global Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Zacks Research raised shares of Climb Global Solutions from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, Weiss Ratings lowered shares of Climb Global Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $120.00.

Climb Global Solutions Trading Down 0.9%

Shares of CLMB opened at $89.73 on Friday. Climb Global Solutions has a 52 week low of $80.08 and a 52 week high of $145.02. The firm has a market cap of $413.66 million, a price-to-earnings ratio of 19.30, a PEG ratio of 1.36 and a beta of 1.18. The stock has a 50 day moving average of $112.78 and a 200-day moving average of $117.82.

Climb Global Solutions’s stock is going to split on Monday, March 23rd. The 4-1 split was announced on Monday, March 2nd. The newly issued shares will be distributed to shareholders after the closing bell on Friday, March 20th.

Climb Global Solutions (NASDAQ:CLMB) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.27. Climb Global Solutions had a net margin of 3.27% and a return on equity of 21.86%. The business had revenue of $193.85 million during the quarter, compared to the consensus estimate of $167.75 million. On average, sell-side analysts predict that Climb Global Solutions will post 4.14 earnings per share for the current fiscal year.

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.