Chime Financial (NASDAQ:CHYM) Stock: Insider Ryan King Sells 63,382 Shares

Chime Financial, Inc. (NASDAQ:CHYM) insider Ryan King sold 63,382 shares of Chime Financial stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $31.32, for a total value of $1,985,124.24. Following the completion of the sale, the insider directly owned 37,812 shares in the company, valued at $1,184,271.84. This represents a 62.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Chime Financial Stock Performance

Shares of CHYM opened at $31.33 on Friday. Chime Financial, Inc. has a one year low of $15.88 and a one year high of $35.55. The stock has a market capitalization of $11.86 billion, a price-to-earnings ratio of 164.90 and a beta of 0.74. The stock has a 50 day moving average price of $29.94 and a 200 day moving average price of $23.90.

Chime Financial (NASDAQ:CHYM) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.09 by $0.02. The firm had revenue of $718.00 million during the quarter. Chime Financial had a return on equity of 6.87% and a net margin of 3.05%. The firm’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.15) earnings per share. On average, analysts predict that Chime Financial, Inc. will post 0.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

CHYM has been the subject of a number of recent research reports. The Goldman Sachs Group increased their target price on shares of Chime Financial from $38.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday. Wall Street Zen raised shares of Chime Financial from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Freedom Capital upgraded shares of Chime Financial to a “strong-buy” rating in a research report on Thursday, July 23rd. Scotiabank upped their price objective on shares of Chime Financial from $42.00 to $44.00 and gave the company a “sector outperform” rating in a research note on Thursday. Finally, UBS Group reaffirmed a “buy” rating on shares of Chime Financial in a research note on Thursday. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $39.47.

More Chime Financial News

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

• Positive Sentiment: Chime reported Q3 revenue growth of 32% year over year and earnings that beat analysts’ expectations. The quarter marked its third consecutive GAAP profit, with lending cited as a key growth driver. Q3 earnings results
• Positive Sentiment: Management forecast Q4 revenue of $757 million to $767 million, indicating continued growth. Q4 forecast and Stride deal update
• Positive Sentiment: Several firms raised their targets: Goldman Sachs to $43 and kept a Buy rating; JPMorgan to $40 with an Overweight rating; and Scotiabank to $44 with a Sector Outperform rating. Goldman Sachs rating JPMorgan rating Scotiabank rating
• Positive Sentiment: UBS also raised its target, from $31 to $34, though it maintained a Neutral rating. UBS rating
• Neutral Sentiment: Chime expects its Stride transaction to close in the first half of 2027; the deal adds a future milestone, but its completion remains ahead. Stride transaction update

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Spyglass Capital Management LLC increased its stake in Chime Financial by 162.6% during the second quarter. Spyglass Capital Management LLC now owns 3,406,249 shares of the company’s stock worth $69,760,000 after acquiring an additional 2,109,057 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted 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 purchasing an additional 2,658,816 shares during the last quarter. Light Street Capital Management LLC lifted its stake in shares of Chime Financial by 5.8% in the 2nd quarter. Light Street Capital Management LLC now owns 2,199,089 shares of the company’s stock valued at $45,037,000 after purchasing an additional 121,474 shares during the last quarter. Lunate Capital Ltd acquired a new position in shares of Chime Financial in the 3rd quarter valued at $48,212,000. Finally, Atreides Management LP grew its holdings in shares of Chime Financial by 7.9% during the 1st quarter. Atreides Management LP now owns 1,622,734 shares of the company’s stock worth $30,394,000 after purchasing an additional 118,946 shares during the period.

About Chime Financial

Chime Financial operates a digital financial services platform for consumers in the United States. Through its mobile app, the company offers spending and savings accounts, debit cards and tools for managing money. Its products also include credit-building services and features designed to help customers access direct deposits and avoid certain common banking fees.

Founded in 2012 by Chris Britt and Ryan King, Chime is a financial technology company, not a bank. Banking services are provided through partner banks, including The Bancorp Bank, N.A., and Stride Bank, N.A.