Northcoast Research Upgrades Climb Global Solutions (NASDAQ:CLMB) to Strong-Buy

Climb Global Solutions (NASDAQ:CLMB) was upgraded by research analysts at Northcoast Research to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

A number of other research firms have also recently issued reports on CLMB. Wall Street Zen cut Climb Global Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Weiss Ratings downgraded shares of Climb Global Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Barrington Research lowered their price target on shares of Climb Global Solutions from $34.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, March 5th. Northland Securities started coverage on shares of Climb Global Solutions in a research note on Monday. They issued an “outperform” rating and a $32.00 price objective for the company. Finally, Zacks Research upgraded shares of Climb Global Solutions from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Climb Global Solutions has an average rating of “Moderate Buy” and a consensus price target of $31.00.

Climb Global Solutions Stock Down 1.2%

CLMB stock opened at $19.76 on Monday. Climb Global Solutions has a twelve month low of $18.91 and a twelve month high of $36.26. The company has a market cap of $363.98 million, a PE ratio of 17.00, a price-to-earnings-growth ratio of 1.26 and a beta of 1.18. The business’s 50-day simple moving average is $26.33 and its 200 day simple moving average is $28.47.

Climb Global Solutions (NASDAQ:CLMB) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.32 by $0.06. Climb Global Solutions had a return on equity of 21.86% and a net margin of 3.27%.The firm had revenue of $193.85 million during the quarter, compared to analysts’ expectations of $167.75 million. On average, equities research analysts anticipate that Climb Global Solutions will post 4.14 EPS for the current year.

Insider Buying and Selling

In other Climb Global Solutions news, CEO Dale Richard Foster sold 34,000 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $20.13, for a total value of $684,250.00. Following the sale, the chief executive officer directly owned 294,760 shares in the company, valued at $5,932,045. This represents a 10.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Climb Global Solutions

Several institutional investors and hedge funds have recently made changes to their positions in CLMB. Wasatch Advisors LP grew its holdings in shares of Climb Global Solutions by 7.7% in the 3rd quarter. Wasatch Advisors LP now owns 302,880 shares of the company’s stock worth $40,840,000 after purchasing an additional 21,749 shares during the last quarter. De Lisle Partners LLP lifted its holdings in Climb Global Solutions by 2.7% during the 4th quarter. De Lisle Partners LLP now owns 246,988 shares of the company’s stock valued at $25,430,000 after purchasing an additional 6,400 shares during the last quarter. AltraVue Capital LLC boosted its position in Climb Global Solutions by 85.3% in the fourth quarter. AltraVue Capital LLC now owns 189,851 shares of the company’s stock valued at $19,515,000 after buying an additional 87,380 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Climb Global Solutions by 41.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 145,416 shares of the company’s stock worth $14,947,000 after buying an additional 42,938 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. grew its stake in Climb Global Solutions by 5.0% during the fourth quarter. Punch & Associates Investment Management Inc. now owns 134,717 shares of the company’s stock worth $13,848,000 after buying an additional 6,377 shares during the last quarter. Institutional investors and hedge funds own 49.72% of the company’s stock.

Climb Global Solutions News Roundup

Here are the key news stories impacting Climb Global Solutions this week:

• Positive Sentiment: Northland Securities initiated coverage with an “outperform” rating and a $32 price target (about a 62% upside from the current level). This adds institutional endorsement and potential buying interest from momentum/coverage-driven funds.
• Positive Sentiment: Northcoast Research upgraded CLMB to “strong-buy,” reinforcing bullish analyst sentiment. Article Title
• Neutral Sentiment: Several automated short-interest reports dated March 23–24 show “0” shorted shares with NaN changes — these are likely reporting glitches or delayed/partial filings and should be treated with caution rather than as true market signals.
• Negative Sentiment: More reliable data point: as of March 13 short interest rose to 319,218 shares (a 25.6% increase from Feb. 26), representing ~7.4% of shares outstanding and a days-to-cover of ~3.9 (based on average daily volume ~82,582). That larger short position can add selling pressure and volatility if shorts increase or traders target the stock.

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.