Climb Global Solutions (NASDAQ:CLMB) Stock Price Expected to Rise, Barrington Research Analyst Says

Climb Global Solutions (NASDAQ:CLMB - Get Free Report) had its price objective increased by investment analysts at Barrington Research from $90.00 to $136.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Barrington Research's price objective would indicate a potential upside of 12.25% from the company's current price.

Climb Global Solutions Stock Performance

CLMB traded up $1.03 during trading hours on Tuesday, reaching $121.16. The company's stock had a trading volume of 34,978 shares, compared to its average volume of 19,564. Climb Global Solutions has a 52 week low of $42.83 and a 52 week high of $124.23. The company's 50-day moving average is $100.90 and its 200-day moving average is $78.15. The firm has a market cap of $558.18 million, a PE ratio of 33.06, a price-to-earnings-growth ratio of 3.30 and a beta of 1.06.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Rhumbline Advisers increased its position in Climb Global Solutions by 5.9% during the 2nd quarter. Rhumbline Advisers now owns 4,239 shares of the company's stock worth $266,000 after buying an additional 237 shares during the period. Foundry Partners LLC increased its position in Climb Global Solutions by 0.9% during the 3rd quarter. Foundry Partners LLC now owns 35,675 shares of the company's stock worth $3,551,000 after buying an additional 330 shares during the period. New York State Teachers Retirement System bought a new position in Climb Global Solutions during the 3rd quarter worth $38,000. Lakewood Asset Management LLC increased its position in Climb Global Solutions by 6.6% during the 3rd quarter. Lakewood Asset Management LLC now owns 9,862 shares of the company's stock worth $982,000 after buying an additional 608 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Climb Global Solutions by 2.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 39,954 shares of the company's stock worth $2,510,000 after buying an additional 919 shares during the period. 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.