Janney Montgomery Scott LLC Sells 945 Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB)

Janney Montgomery Scott LLC trimmed its holdings in Climb Global Solutions, Inc. (NASDAQ:CLMB) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,085 shares of the company’s stock after selling 945 shares during the period. Janney Montgomery Scott LLC owned 0.48% of Climb Global Solutions worth $2,799,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CLMB. SG Americas Securities LLC lifted its stake in shares of Climb Global Solutions by 21.4% during the 4th quarter. SG Americas Securities LLC now owns 1,936 shares of the company’s stock worth $245,000 after buying an additional 341 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Climb Global Solutions by 309.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,558 shares of the company’s stock valued at $752,000 after acquiring an additional 5,711 shares during the period. Franklin Resources Inc. acquired a new stake in Climb Global Solutions during the third quarter worth approximately $302,000. Virtu Financial LLC bought a new stake in shares of Climb Global Solutions during the third quarter worth approximately $228,000. Finally, Barclays PLC grew its position in shares of Climb Global Solutions by 59.0% in the third quarter. Barclays PLC now owns 8,597 shares of the company’s stock valued at $856,000 after purchasing an additional 3,189 shares during the last quarter. 49.72% of the stock is currently owned by institutional investors.

Climb Global Solutions Stock Performance

CLMB opened at $126.73 on Friday. The stock has a fifty day moving average of $129.85 and a 200-day moving average of $107.14. The company has a market capitalization of $583.85 million, a P/E ratio of 34.34, a P/E/G ratio of 1.80 and a beta of 1.14. Climb Global Solutions, Inc. has a fifty-two week low of $49.69 and a fifty-two week high of $142.50.

Analyst Upgrades and Downgrades

Separately, Barrington Research reissued an “outperform” rating and set a $136.00 price target on shares of Climb Global Solutions in a report on Thursday, December 12th.

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.