Climb global solutions COO Timothy Popovich sells $990,000 in stock

Published 20/05/2025, 13:24
Climb global solutions COO Timothy Popovich sells $990,000 in stock

Timothy Popovich, the Chief Operating Officer of Climb Global Solutions, Inc. (NASDAQ:CLMB), sold 9,000 shares of the company’s common stock on May 16, 2025. The shares were sold at a price of $110 each, amounting to a total transaction value of $990,000. Following this sale, Popovich holds 13,115 shares of Climb Global Solutions directly.The transaction comes as Climb Global Solutions, with a market capitalization of $489 million, demonstrates strong financial performance, having delivered a remarkable 96% return over the past year. According to InvestingPro analysis, the company currently trades near its Fair Value, maintaining a "GREAT" overall financial health score. Investors seeking deeper insights can access comprehensive analysis and additional ProTips through InvestingPro’s detailed research reports.

In other recent news, Climb Global Solutions Inc. reported impressive financial results for the first quarter of 2025, exceeding earnings expectations with an earnings per share (EPS) of $0.81. The company also saw a significant revenue increase, reaching $138 million, which marks a 49% rise compared to the previous year. This strong performance is attributed to Climb Global Solutions’ strategic focus on innovation and partnerships, particularly with cybersecurity firm Darktrace (LON:DARK). The company’s gross profit increased by 37% to $23.4 million, while adjusted EBITDA rose 38% to $7.6 million. Additionally, net income grew by 35% to $3.7 million. Climb Global Solutions continues to focus on expanding its presence in the U.S. and European markets. The company is optimistic about its growth prospects and plans to pursue strategic acquisitions to further enhance its market position.

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