Climb Global Solutions
CLMB

$68.63

3.19%

Market Cap: 315M

About: Climb Global Solutions Inc is a cloud-based, value-added IT distribution and solutions company specializing in emerging technologies. It operates across the USA, Canada, and Europe through multiple business units, including Climb Channel Solutions, Sigma, Grey Matter, Interwork, and TechXtend. The Company is organized into two reportable operating segments. The Distribution segment distributes technical software to corporate resellers, value-added resellers (VARs), consultants, and systems integrators under the name Climb Channel Solutions. The Solutions segment is a cloud solutions provider and value-added reseller of software, hardware, and services to customers under the name Grey Matter.

Employees: 365

Industrials Computers & Peripheral Equipment & Software

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 4 analysts

0

News positive %

of 3 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

175% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 4

37% more capital invested

Capital invested by funds: $124M [Q4 2023] → $170M (+$46.1M) [Q1 2024]

25% more funds holding in top 10

Funds holding in top 10: 4 [Q4 2023] → 5 (+1) [Q1 2024]

10% more funds holding

Funds holding: 68 [Q4 2023] → 75 (+7) [Q1 2024]

3.19% more ownership

Funds ownership: 49.5% [Q4 2023] → 52.69% (+3.19%) [Q1 2024]

31% less repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 32

See Fund Rankings

Research analyst outlook

4 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$68

1%

downside

Avg. target

$72

5%

upside

High target

$76

11%

upside

4 analyst ratings

4 positive

100%

0 neutral

0%

0 negative

0%

Barrington Research Vincent Colicchio	1%downside $68	Outperform Maintained	28 May 2024
Barrington Research Vincent Colicchio	1%downside $68	Outperform Maintained	6 May 2024
Barrington Research Vincent Colicchio	11%upside $76	Outperform Maintained	30 Apr 2024
Barrington Research Vincent Colicchio	11%upside $76	Outperform Maintained	7 Mar 2024

See Analyst Rankings

Financial journalist opinion

Based on 3 articles about CLMB published over the past 30 days

Climb Global Solutions Sets Second Quarter 2024 Conference Call for August 7, 2024 at 8:30 a.m. ET

EATONTOWN, N.J., July 23, 2024 (GLOBE NEWSWIRE) -- Climb Global Solutions, Inc. (NASDAQ:CLMB) (“Climb” or the “Company”), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, will host a conference call on Wednesday, August 7, 2024 at 8:30 a.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2024. The Company's results will be reported in a press release prior to the call.

Climb Global Solutions Sets Second Quarter 2024 Conference Call for August 7, 2024 at 8:30 a.m. ET

Wasabi Technologies Now Available in Climb Channel Solutions' Portfolio of GSA Offerings

EATONTOWN, N.J., July 18, 2024 (GLOBE NEWSWIRE) -- Climb Channel Solutions, an international specialty technology distributor and wholly owned subsidiary of Climb Global Solutions, Inc. (NASDAQ: CLMB) announced the expansion of their GSA IT-70 Contract (47QTCA19D008G) with the addition of Wasabi Technologies, a market leader in Hot Cloud Storage and strategic partner of Climb since 2020.

Wasabi Technologies Now Available in Climb Channel Solutions' Portfolio of GSA Offerings

Zacks Investment Research

Climb Global (CLMB) Moves 8.5% Higher: Will This Strength Last?

Climb Global (CLMB) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Climb Global (CLMB) Moves 8.5% Higher: Will This Strength Last?

Zacks Investment Research

Climb Global (CLMB) Surges 5.1%: Is This an Indication of Further Gains?

Climb Global (CLMB) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Climb Global (CLMB) Surges 5.1%: Is This an Indication of Further Gains?

Climb Channel Solutions Announces Partnership with Flashpoint to Deliver Industry-Leading Threat Intelligence Solutions

EATONTOWN, N.J., June 13, 2024 (GLOBE NEWSWIRE) -- Climb Channel Solutions, an international specialty technology distributor and wholly owned subsidiary of Climb Global Solutions, Inc. (NASDAQ: CLMB) announced the launch of their partnership with Flashpoint, the industry leader in threat data and intelligence. This strategic partnership aims to empower mission-critical organizations to proactively and decisively confront security and intelligence challenges with the most powerful data at the core, ensuring the safety of people, places, and assets.

Climb Channel Solutions Announces Partnership with Flashpoint to Deliver Industry-Leading Threat Intelligence Solutions

CRN Recognizes 7 Employees at Climb Channel Solutions on the 2024 Women of the Channel List and Names Climb's VP of Marketing Worldwide as one of the 2024 Women of the Channel Power 100

EATONTOWN, N.J., May 14, 2024 (GLOBE NEWSWIRE) -- Climb Channel Solutions, an international specialty technology distributor and wholly owned subsidiary of Climb Global Solutions, Inc. (NASDAQ: CLMB), announced Monday, May 13, 2024 that CRN ® , a brand of The Channel Company, has named seven women at Climb Channel Solutions to the Women of the Channel list for 2024 and the Climb VP of Marketing Worldwide to the 2024 Women of the Channel Power 100, an elite subset of prominent leaders selected from the CRN® 2024 Women of the Channel list.

CRN Recognizes 7 Employees at Climb Channel Solutions on the 2024 Women of the Channel List and Names Climb's VP of Marketing Worldwide as one of the 2024 Women of the Channel Power 100

Climb Global Solutions: Cash Can Fund Acquisitions And Double Earnings By 2026

Climb Global Solutions is a small software distributor with a market cap under $500 million that is ignored by institutional investors.

Climb Global Solutions: Cash Can Fund Acquisitions And Double Earnings By 2026

Zacks Investment Research

SMGZY or CLMB: Which Is the Better Value Stock Right Now?

Investors interested in stocks from the Technology Services sector have probably already heard of Smiths Group PLC (SMGZY) and Climb Global Solutions (CLMB). But which of these two stocks presents investors with the better value opportunity right now?

SMGZY or CLMB: Which Is the Better Value Stock Right Now?

Climb Global Solutions, Inc. (CLMB) Q1 2024 Earnings Call Transcript

Climb Global Solutions, Inc. (NASDAQ:CLMB ) Q1 2024 Earnings Conference Call May 2, 2024 8:30 AM ET Company Participants Sean Mansouri - IR Advisor, Elevate IR Dale Foster - CEO Andrew Clark - CFO Conference Call Participants Vincent Colicchio - Barrington Research Howard Root - Private Investor Bill Dezellem - Tieton Capital Operator Good morning, everyone, and thank you for participating in today's Conference Call to discuss Climb Global Solutions Financial Results for the First Quarter ended March 31, 2024. Joining us today are Climb's CEO, Mr.

Climb Global Solutions, Inc. (CLMB) Q1 2024 Earnings Call Transcript

Climb Global Solutions Reports First Quarter 2024 Results

Q1 2024 Net Sales Up 9% YoY to $92.4 Million, with Adjusted Gross Billings Up 16% to $355.3 Million Q1 2024 Net Sales Up 9% YoY to $92.4 Million, with Adjusted Gross Billings Up 16% to $355.3 Million

Climb Global Solutions Reports First Quarter 2024 Results

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