Climb Global Solutions, Inc. (NASDAQ:CLMB) Position Trimmed by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. reduced its stake in shares of Climb Global Solutions, Inc. (NASDAQ:CLMBFree Report) by 17.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 7,418 shares of the company’s stock after selling 1,621 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Climb Global Solutions were worth $319,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CLMB. BNP Paribas Arbitrage SNC bought a new position in Climb Global Solutions in the 2nd quarter worth $591,000. Tieton Capital Management LLC bought a new position in Climb Global Solutions in the 3rd quarter worth $4,007,000. Pinnacle Associates Ltd. bought a new position in Climb Global Solutions in the 3rd quarter worth $773,000. Bank of New York Mellon Corp raised its holdings in Climb Global Solutions by 43.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 32,748 shares of the company’s stock worth $1,567,000 after acquiring an additional 9,866 shares during the period. Finally, Strs Ohio raised its holdings in Climb Global Solutions by 177.8% in the 3rd quarter. Strs Ohio now owns 2,500 shares of the company’s stock worth $107,000 after acquiring an additional 1,600 shares during the period. 43.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, VP Vito Legrottaglie sold 3,387 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $47.01, for a total transaction of $159,222.87. Following the transaction, the vice president now owns 54,269 shares of the company’s stock, valued at $2,551,185.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.70% of the stock is currently owned by insiders.

Climb Global Solutions Trading Down 0.1 %

Shares of CLMB stock opened at $58.06 on Friday. Climb Global Solutions, Inc. has a 1 year low of $37.25 and a 1 year high of $58.99. The firm’s fifty day simple moving average is $54.66 and its 200 day simple moving average is $47.48. The firm has a market capitalization of $265.91 million, a P/E ratio of 22.08, a price-to-earnings-growth ratio of 1.85 and a beta of 0.92. The company has a current ratio of 1.18, a quick ratio of 1.16 and a debt-to-equity ratio of 0.01.

About Climb Global Solutions

(Free Report)

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 and hardware 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.

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Institutional Ownership by Quarter for Climb Global Solutions (NASDAQ:CLMB)

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