Choreo LLC Boosts Stock Position in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Choreo LLC grew its position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 76,828 shares of the company's stock after buying an additional 2,002 shares during the quarter. Choreo LLC owned 1.67% of Climb Global Solutions worth $9,725,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CLMB. Flagship Harbor Advisors LLC purchased a new stake in Climb Global Solutions during the fourth quarter worth about $250,000. Inspire Investing LLC purchased a new stake in shares of Climb Global Solutions during the 4th quarter worth approximately $837,000. SG Americas Securities LLC raised its holdings in shares of Climb Global Solutions by 21.4% in the 4th quarter. SG Americas Securities LLC now owns 1,936 shares of the company's stock worth $245,000 after purchasing an additional 341 shares during the period. JPMorgan Chase & Co. lifted its stake in Climb Global Solutions by 309.2% in the third quarter. JPMorgan Chase & Co. now owns 7,558 shares of the company's stock valued at $752,000 after purchasing an additional 5,711 shares during the last quarter. Finally, Franklin Resources Inc. bought a new position in Climb Global Solutions during the third quarter valued at $302,000. Hedge funds and other institutional investors own 49.72% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Barrington Research restated an "outperform" rating and issued a $136.00 target price on shares of Climb Global Solutions in a research note on Thursday, December 12th.

Climb Global Solutions Stock Down 1.2 %

CLMB traded down $1.53 on Friday, hitting $126.22. The company's stock had a trading volume of 19,416 shares, compared to its average volume of 23,375. Climb Global Solutions, Inc. has a 12 month low of $49.69 and a 12 month high of $142.50. The firm has a market cap of $581.50 million, a P/E ratio of 34.21, a price-to-earnings-growth ratio of 1.75 and a beta of 1.13. The company's 50 day simple moving average is $128.95 and its 200-day simple moving average is $109.48.

Climb Global Solutions 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.