Climb Global Solutions (CLMB) Projected to Post Earnings on Wednesday

Climb Global Solutions (NASDAQ:CLMB) is projected to issue its Q1 2025 quarterly earnings data after the market closes on Wednesday, April 30th. Analysts expect the company to announce earnings of $0.89 per share and revenue of $96.86 million for the quarter.

Climb Global Solutions Trading Up 0.8 %

Shares of NASDAQ:CLMB opened at $106.39 on Wednesday. The firm has a 50 day moving average of $114.16 and a 200-day moving average of $120.08. Climb Global Solutions has a 12 month low of $49.70 and a 12 month high of $145.00. The stock has a market capitalization of $490.14 million, a PE ratio of 28.83, a PEG ratio of 1.74 and a beta of 1.13.

Climb Global Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 17th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.68 annualized dividend and a yield of 0.64%. Climb Global Solutions’s dividend payout ratio is currently 16.75%.

Insider Transactions at Climb Global Solutions

In related news, Director Andrew S. Bryant sold 2,543 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $125.50, for a total value of $319,146.50. Following the completion of the transaction, the director now owns 11,261 shares of the company’s stock, valued at $1,413,255.50. This represents a 18.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Dale Richard Foster sold 2,000 shares of the business’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $110.46, for a total transaction of $220,920.00. Following the sale, the chief executive officer now directly owns 82,740 shares in the company, valued at approximately $9,139,460.40. The trade was a 2.36 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,764 shares of company stock valued at $2,799,426. 9.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reiterated an “outperform” rating and issued a $136.00 price target on shares of Climb Global Solutions in a research note on Thursday, March 6th.

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.