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Andrew S. Bryant, a director at Climb Global Solutions, Inc. (NASDAQ:CLMB), recently sold a total of $925,227 worth of the company’s common stock, according to a filing with the Securities and Exchange Commission. The transactions occurred over three consecutive days, beginning on March 10, 2025, and concluded on March 12, 2025. The sales come as the company’s stock has shown remarkable strength, delivering an 84% return over the past year and nearly 39% over the last six months.
On March 10, Bryant sold 2,543 shares at prices ranging from $125.50410 to $127 per share. The following day, he disposed of 2,383 shares at a price of $121.0159 per share. The final transaction took place on March 12, with Bryant selling an additional 2,604 shares at $122 per share. According to InvestingPro analysis, Climb Global Solutions maintains a "GREAT" financial health score and has consistently paid dividends for 23 consecutive years.
After these transactions, Bryant’s direct ownership of Climb Global Solutions stock now stands at 6,274 shares. The sales were conducted without the involvement of any equity swaps. With a market capitalization of $544 million and trading at a P/E ratio of 29, the stock is currently trading near its InvestingPro Fair Value.
In other recent news, Climb Global Solutions reported impressive financial results for the fourth quarter of 2024, exceeding market expectations. The company achieved an earnings per share (EPS) of $2.26, significantly surpassing the anticipated $0.96, resulting in a 135% surprise. Revenue also exceeded forecasts, reaching $161.76 million compared to the expected $126.95 million. This performance reflects a robust 51% year-over-year increase in net sales, driven by organic growth and new vendor partnerships. Notably, the company’s gross billings rose by 52% to $585 million, showcasing effective sales strategies.
In terms of analyst activity, Climb Global Solutions has not seen any recent upgrades or downgrades from major firms. The company’s strategic focus on growth through vendor relationships and leadership changes has been pivotal in driving its strong performance. Climb Global Solutions has expressed optimism about its future, with plans to continue expanding its sales foundation and exploring mergers and acquisitions. The company has also declared a quarterly dividend of $0.17 per share, signaling confidence in its ongoing financial health.
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