Insider Selling: Chime Financial (NASDAQ:CHYM) Major Shareholder Sells $16,883,590.98 in Stock

Chime Financial, Inc. (NASDAQ:CHYM) major shareholder Global Advisors Ltd Dst sold 524,661 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $32.18, for a total transaction of $16,883,590.98. Following the completion of the transaction, the insider directly owned 450,640 shares in the company, valued at $14,501,595.20. This trade represents a 53.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Global Advisors Ltd Dst also recently made the following trade(s):

• On Thursday, August 13th, Global Advisors Ltd Dst sold 713,289 shares of Chime Financial stock. The stock was sold at an average price of $32.14, for a total value of $22,925,108.46.
• On Wednesday, August 12th, Global Advisors Ltd Dst sold 2,022 shares of Chime Financial stock. The shares were sold at an average price of $32.01, for a total value of $64,724.22.
• On Tuesday, August 11th, Global Advisors Ltd Dst sold 1,039,303 shares of Chime Financial stock. The shares were sold at an average price of $32.11, for a total value of $33,372,019.33.
• On Thursday, August 6th, Global Advisors Ltd Dst sold 1,796,196 shares of Chime Financial stock. The shares were sold at an average price of $32.62, for a total value of $58,591,913.52.

Chime Financial Stock Performance

Shares of Chime Financial stock opened at $33.07 on Thursday. Chime Financial, Inc. has a one year low of $15.88 and a one year high of $33.41. The company has a market cap of $12.52 billion, a price-to-earnings ratio of -472.36 and a beta of 0.31. The business’s 50 day moving average price is $22.78 and its 200 day moving average price is $21.11.

Chime Financial (NASDAQ:CHYM) last issued its earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.08. The company 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%.The firm’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($7.29) earnings per share. On average, analysts predict that Chime Financial, Inc. will post 0.41 EPS for the current fiscal year.

More Chime Financial News

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

• Positive Sentiment: Higher earnings expectations support momentum. Zacks reported that analysts have been raising their earnings estimates for Chime, a trend that can signal improving confidence in the company’s profitability outlook. CHYM was also added to Zacks’ Rank #1 “Strong Buy” and momentum-stock lists. Earnings Estimates Moving Higher for Chime Financial
• Positive Sentiment: Morgan Stanley raised its price target. The firm increased its target from $33 to $39 and maintained an “overweight” rating, providing a bullish signal as investors assess Chime’s growth potential. Morgan Stanley Chime Financial price-target report
• Positive Sentiment: Recent results showed profitable growth. Chime’s latest quarterly report included adjusted earnings of $0.07 per share, exceeding the $0.01-per-share loss analysts expected, while revenue increased 26.8% year over year to approximately $670 million. The earnings call emphasized continued growth and progress toward profitability. Chime Financial Earnings Call Highlights Profitable Growth
• Neutral Sentiment: Management will appear at an investor conference. CEO and co-founder Chris Britt is scheduled for a fireside chat at the Goldman Sachs Communacopia + Technology Conference on September 9. The webcast could provide additional commentary on growth, customer trends and the profitability roadmap, but the event is several weeks away. Chime to Participate in Goldman Sachs Conference
• Negative Sentiment: A major shareholder has been reducing its position. Global Advisors Ltd. Dst sold more than 524,000 shares at about $32.18 after selling 713,289 shares the prior day and additional large blocks earlier in August. The disposals may create selling pressure or raise concerns about profit-taking near recent highs, although the trades do not necessarily reflect company-specific problems. Chime Financial Major Shareholder Stock Sale

Analysts Set New Price Targets

CHYM has been the subject of a number of analyst reports. Freedom Capital raised shares of Chime Financial to a “strong-buy” rating in a report on Thursday, July 23rd. The Goldman Sachs Group lifted their target price on shares of Chime Financial from $26.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Canaccord Genuity Group boosted their target price on shares of Chime Financial from $40.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Keefe, Bruyette & Woods increased their price target on shares of Chime Financial from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of Chime Financial from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $31.39.

Institutional Trading of Chime Financial

Hedge funds and other institutional investors have recently modified their holdings of the business. AMS Capital Ltda acquired a new position in Chime Financial in the first quarter valued at about $3,439,000. Farther Finance Advisors LLC increased its position in shares of Chime Financial by 2,794.6% during the fourth quarter. Farther Finance Advisors LLC now owns 72,366 shares of the company’s stock valued at $1,821,000 after acquiring an additional 69,866 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Chime Financial by 2,720.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,756,555 shares of the company’s stock valued at $51,630,000 after acquiring an additional 2,658,816 shares during the period. Hsbc Holdings PLC purchased a new stake in shares of Chime Financial in the 4th quarter valued at approximately $1,274,000. Finally, Evergreen Capital Management LLC purchased a new position in shares of Chime Financial during the 4th quarter worth approximately $8,608,000.

Chime Financial Company Profile

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.