Barrington Research Reiterates “Outperform” Rating for Climb Global Solutions (NASDAQ:CLMB)

Climb Global Solutions (NASDAQ:CLMB)‘s stock had its “outperform” rating reissued by Barrington Research in a research note issued to investors on Thursday,Benzinga reports. They presently have a $136.00 price objective on the stock. Barrington Research’s target price would indicate a potential upside of 3.14% from the stock’s current price.

Climb Global Solutions Price Performance

Shares of NASDAQ CLMB opened at $131.86 on Thursday. The business’s 50-day moving average price is $126.62 and its two-hundred day moving average price is $115.93. Climb Global Solutions has a one year low of $49.69 and a one year high of $144.99. The company has a market capitalization of $607.48 million, a P/E ratio of 35.73, a price-to-earnings-growth ratio of 1.74 and a beta of 1.18.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CLMB. De Lisle Partners LLP boosted its stake in shares of Climb Global Solutions by 24.1% during the 3rd quarter. De Lisle Partners LLP now owns 194,280 shares of the company’s stock worth $19,272,000 after acquiring an additional 37,747 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Climb Global Solutions by 314.5% during the 3rd quarter. Royce & Associates LP now owns 35,919 shares of the company’s stock worth $3,575,000 after acquiring an additional 27,254 shares in the last quarter. Sowell Financial Services LLC bought a new stake in shares of Climb Global Solutions during the 4th quarter worth about $1,489,000. Raymond James Financial Inc. bought a new stake in shares of Climb Global Solutions during the 4th quarter worth about $1,449,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Climb Global Solutions during the 4th quarter worth about $1,382,000. Hedge funds and other institutional investors own 49.72% of the company’s 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.