Climb Global Solutions chief alliance officer sells $1.01m in stock

Charles Edward Bass, the Chief Alliance Officer of Climb Global Solutions, Inc. (NASDAQ:CLMB), recently sold a significant portion of his holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Bass sold a total of 8,117 shares of common stock on March 10, 2025. The shares were sold at prices ranging from $123.00 to $125.8035 per share, amounting to a total transaction value of $1,012,279. The sale comes amid the company’s strong market performance, with the stock delivering an impressive 83.84% return over the past year and a 38.88% gain in the last six months, according to InvestingPro data.

Following these sales, Bass retains ownership of 25,792 shares in Climb Global Solutions. The transactions were conducted directly by Bass, as indicated in the filing. Climb Global Solutions, formerly known as Wayside Technology Group, is a wholesale distributor of computer and peripheral equipment and software. With a market capitalization of $544 million and a strong balance sheet showing more cash than debt, the company has maintained dividend payments for 23 consecutive years. For deeper insights into CLMB’s valuation and growth prospects, investors can access the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Climb Global Solutions reported impressive financial results for the fourth quarter of 2024, with earnings and revenue significantly exceeding market expectations. The company posted an earnings per share (EPS) of $2.26, surpassing the anticipated $0.96, and revenue reached $161.76 million, above the forecasted $126.95 million. This performance underscores Climb Global Solutions’ strong operational execution and effective cost management strategies. The company also experienced substantial growth in gross billings and net sales, which increased by 52% and 51%, respectively. Notably, the company has been focusing on organic growth and strategic vendor partnerships, contributing to its robust financial performance. Additionally, Climb Global Solutions has announced several leadership changes, including the appointment of Matt Sullivan as Chief Financial Officer. The company remains optimistic about its future, with plans to explore mergers and acquisitions opportunities and further expand its vendor partnerships. Climb Global Solutions has also declared a quarterly dividend of $0.17 per share, reflecting its commitment to returning value to shareholders.

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