Chime Financial (NASDAQ:CHYM) Major Shareholder Sells $58,591,913.52 in Stock

Chime Financial, Inc. (NASDAQ:CHYM) major shareholder Global Advisors Ltd Dst sold 1,796,196 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $32.62, for a total value of $58,591,913.52. Following the sale, the insider directly owned 471,952 shares in the company, valued at approximately $15,395,074.24. This represents a 79.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Chime Financial Price Performance

NASDAQ:CHYM opened at $31.60 on Thursday. The business’s 50-day simple moving average is $21.30 and its 200-day simple moving average is $20.90. Chime Financial, Inc. has a fifty-two week low of $15.88 and a fifty-two week high of $33.41. The stock has a market capitalization of $12.04 billion, a PE ratio of -451.36 and a beta of 0.31.

Chime Financial (NASDAQ:CHYM) last posted its earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. The business had revenue of $669.77 million during the quarter. Chime Financial had a negative return on equity of 1.28% and a negative net margin of 0.74%.Chime Financial’s revenue for the quarter was up 26.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($7.29) earnings per share. On average, research analysts expect that Chime Financial, Inc. will post 0.37 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CHYM. JPMorgan Chase & Co. bought a new stake in Chime Financial during the 2nd quarter worth about $693,000. Legal & General Group Plc bought a new position in shares of Chime Financial in the 2nd quarter valued at about $136,000. Russell Investments Group Ltd. bought a new position in shares of Chime Financial in the 2nd quarter valued at about $958,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Chime Financial in the second quarter valued at about $33,000. Finally, Marshall Wace LLP acquired a new stake in shares of Chime Financial in the second quarter valued at about $9,087,000.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CHYM shares. The Goldman Sachs Group boosted their price objective on shares of Chime Financial from $26.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Wall Street Zen upgraded Chime Financial from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Freedom Capital raised Chime Financial to a “strong-buy” rating in a research note on Thursday, July 23rd. Piper Sandler upped their price objective on Chime Financial from $30.00 to $35.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Finally, Wolfe Research reiterated an “outperform” rating and set a $32.00 price objective on shares of Chime Financial in a report on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Chime Financial currently has a consensus rating of “Moderate Buy” and an average price target of $31.06.

Trending Headlines about Chime Financial

Here are the key news stories impacting Chime Financial this week:

• Positive Sentiment: Chime announced that its Chime Scholars Foundation will award $3 million in scholarships to 800 students for the 2026–2027 academic year. The program has now awarded nearly $10 million since 2022, supporting almost 1,500 students. While the initiative is not a direct earnings catalyst, it may strengthen Chime’s brand and corporate reputation. Chime Scholars Foundation Announces 2026–2027 Cohort
• Positive Sentiment: The company’s latest quarterly results remain a key support for CHYM: Chime reported earnings of $0.07 per share versus the $0.01 loss analysts expected, while revenue rose 26.8% year over year to approximately $669.8 million. The earnings beat and continued growth have helped drive a more constructive analyst outlook.
• Neutral Sentiment: Analyst targets have generally moved higher, with recent objectives ranging from $28 to $37. This implies an overall favorable view, but the wide range—and the stock’s trading level near the upper end of those estimates—suggests valuation expectations are divided.
• Negative Sentiment: Several executives sold shares under pre-arranged Rule 10b5-1 plans. CEO Christopher Britt sold 350,000 shares, insider Ryan King sold 375,000, CFO Matthew Newcomb sold 65,000, and CAO Amine Asmerom sold 10,000, generating roughly $24 million in proceeds. The planned nature of the transactions reduces their bearish significance, but the combined sales may still pressure sentiment.
• Negative Sentiment: Major shareholder Global Advisors Ltd. Dst sold approximately 1.8 million shares for $58.6 million, cutting its position by about 79%. This large sale could create a supply overhang and is the most significant near-term negative signal in the filings. Chime Financial Insider Sales

About Chime Financial

Chime Financial is a U.S.-based financial technology company offering mobile-first banking services designed to reduce fees and simplify everyday transactions. Founded in 2013 and headquartered in San Francisco, Chime operates a digital bank platform that provides customers with a checking account, a savings account, and a debit card without monthly maintenance fees, overdraft charges, or foreign transaction fees. The company’s platform is accessible via its mobile app, enabling users to manage their finances, track spending, and access customer support from their smartphones.

At the core of Chime’s service offering is its fee-free spending account, which includes early access to direct deposit funds—up to two days before scheduled payday—and instant transaction alerts.