Cornerstone Investment Partners LLC Purchases Shares of 1,858 Climb Global Solutions, Inc. (NASDAQ:CLMB)

Cornerstone Investment Partners LLC purchased a new stake in Climb Global Solutions, Inc. (NASDAQ:CLMB) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,858 shares of the company’s stock, valued at approximately $236,000.

Other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in shares of Climb Global Solutions by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,837 shares of the company’s stock worth $1,500,000 after buying an additional 251 shares during the period. Jacobi Capital Management LLC acquired a new position in shares of Climb Global Solutions during the 4th quarter worth approximately $254,000. Proficio Capital Partners LLC acquired a new position in shares of Climb Global Solutions during the 4th quarter worth approximately $1,382,000. Navellier & Associates Inc. raised its stake in shares of Climb Global Solutions by 151.0% during the 4th quarter. Navellier & Associates Inc. now owns 8,126 shares of the company’s stock worth $1,030,000 after buying an additional 4,889 shares during the period. Finally, D.A. Davidson & CO. acquired a new position in shares of Climb Global Solutions during the 4th quarter worth approximately $252,000. 49.72% of the stock is owned by institutional investors and hedge funds.

Climb Global Solutions Stock Performance

NASDAQ CLMB opened at $117.26 on Tuesday. The business has a fifty day moving average price of $126.93 and a 200 day moving average price of $115.55. Climb Global Solutions, Inc. has a one year low of $49.69 and a one year high of $142.50. The company has a market cap of $540.22 million, a P/E ratio of 31.78, a P/E/G ratio of 1.74 and a beta of 1.13.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reaffirmed an “outperform” rating and set a $136.00 target price on shares of Climb Global Solutions in a research note on Thursday, December 12th.

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.