Insider Selling: CEO Dale Foster Sells 3,500 Shares of Climb Global Solutions Inc (CLMB)
Dale Foster, CEO of Climb Global Solutions Inc (NASDAQ:CLMB), has sold 3,500 shares of the company on March 12, 2024, according to a recent SEC filing. The transaction was executed at a price of $65.49 per share, resulting in a total sale amount of $229,215.
Climb Global Solutions Inc is a company that specializes in providing innovative technology solutions and services to a global clientele. The company's offerings are designed to help businesses navigate and excel in the ever-evolving digital landscape.
Over the past year, the insider has sold a cumulative total of 3,500 shares and has not made any share purchases. This latest transaction continues a pattern of insider sales at the company, with a total of 4 insider sells and 2 insider buys over the past year.
On the date of the insider's recent sale, Climb Global Solutions Inc (NASDAQ:CLMB) shares were trading at $65.49, giving the company a market capitalization of $305.479 million.
The stock's price-earnings ratio stands at 24.59, surpassing both the industry median of 23.51 and the company's own historical median price-earnings ratio. This indicates a higher valuation compared to its peers and its own trading history.
Climb Global Solutions Inc's current price-to-GF-Value ratio is 1.62, with the stock trading at $65.49 and a GF Value of $40.53. This suggests that the stock is Significantly Overvalued according to GuruFocus's valuation model.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
