Chime Financial (NASDAQ:CHYM) Major Shareholder Sells $2,088,838.90 in Stock

Chime Financial, Inc. (NASDAQ:CHYM) major shareholder Global Advisors Ltd Dst sold 59,630 shares of the firm’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $35.03, for a total transaction of $2,088,838.90. Following the sale, the insider owned 368,812 shares in the company, valued at approximately $12,919,484.36. The trade was a 13.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more 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 Wednesday, August 26th, Global Advisors Ltd Dst sold 1,168,667 shares of Chime Financial stock. The stock was sold at an average price of $33.04, for a total transaction of $38,612,757.68.
• On Tuesday, August 25th, Global Advisors Ltd Dst sold 80,914 shares of Chime Financial stock. The stock was sold at an average price of $33.06, for a total transaction of $2,675,016.84.
• On Monday, August 24th, Global Advisors Ltd Dst sold 1,775,044 shares of Chime Financial stock. The stock was sold at an average price of $33.09, for a total value of $58,736,205.96.
• On Friday, August 21st, Global Advisors Ltd Dst sold 473,694 shares of Chime Financial stock. The shares were sold at an average price of $32.71, for a total value of $15,494,530.74.
• On Thursday, August 20th, Global Advisors Ltd Dst sold 383,031 shares of Chime Financial stock. The shares were sold at an average price of $33.02, for a total value of $12,647,683.62.
• On Wednesday, August 19th, Global Advisors Ltd Dst sold 4,456,157 shares of Chime Financial stock. The shares were sold at an average price of $32.66, for a total value of $145,538,087.62.
• On Tuesday, August 18th, Global Advisors Ltd Dst sold 353,812 shares of Chime Financial stock. The stock was sold at an average price of $32.21, for a total value of $11,396,284.52.
• On Friday, August 14th, Global Advisors Ltd Dst sold 524,661 shares of Chime Financial stock. The stock was sold at an average price of $32.18, for a total value of $16,883,590.98.
• On Thursday, August 13th, Global Advisors Ltd Dst sold 713,289 shares of Chime Financial stock. The shares were 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.

Chime Financial Stock Performance

NASDAQ CHYM traded up $0.32 during trading on Friday, hitting $32.99. The stock had a trading volume of 7,790,488 shares, compared to its average volume of 5,381,034. Chime Financial, Inc. has a 12 month low of $15.88 and a 12 month high of $35.55. The company’s 50-day moving average price is $27.49 and its two-hundred day moving average price is $22.43. The company has a market capitalization of $12.49 billion, a PE ratio of -471.22 and a beta of 0.60.

Chime Financial (NASDAQ:CHYM) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.08. Chime Financial had a negative net margin of 0.74% and a negative return on equity of 1.28%. The company had revenue of $669.77 million during the quarter. During the same period in the prior year, the business earned ($7.29) earnings per share. Chime Financial’s revenue was up 26.8% compared to the same quarter last year. As a group, equities analysts anticipate that Chime Financial, Inc. will post 0.44 earnings per share for the current fiscal year.

Chime Financial News Summary

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

• Positive Sentiment: Chime agreed to acquire longtime banking partner Stride Bank for approximately $590 million in cash. Owning a nationally chartered bank could reduce partner fees and funding costs, improve control over lending and compliance, and generate more than $100 million in annual savings. The transaction is expected to be accretive to earnings after its anticipated first-half 2027 closing. Stride Bank acquisition article
• Positive Sentiment: Management raised its outlook, calling for approximately $705 million in third-quarter revenue and $117 million to $120 million in adjusted EBITDA. Full-year revenue guidance increased to $2.76 billion-$2.77 billion, with adjusted EBITDA expected at $481 million-$489 million. Chime guidance article
• Positive Sentiment: Analyst sentiment strengthened after the announcement. KeyCorp raised its target to $40, Scotiabank to $42, Loop Capital initiated coverage with a Buy rating and a $45 target, and other firms also raised targets. Zacks added CHYM to its Rank #1 Strong Buy momentum list.
• Neutral Sentiment: The acquisition requires regulatory approval and could bring additional capital requirements, federal oversight and integration costs. Investors will also monitor whether Chime can keep Stride below the $10 billion asset threshold to preserve favorable debit-card interchange economics.
• Neutral Sentiment: Reported short interest was zero shares, although the figure may reflect incomplete or anomalous data and provides little useful insight into investor positioning.
• Negative Sentiment: Valuation is a concern after an approximately 86% three-month rally and a move close to the 52-week high. UBS maintained a Neutral rating with a $31 target, below recent trading levels.
• Negative Sentiment: Insiders reported additional selling: Ryan King sold 42,421 shares for about $1.49 million, while Chief Accounting Officer Amine Asmerom sold 19,505 shares worth approximately $642,000. Both sales were made under pre-arranged Rule 10b5-1 plans, limiting their significance as discretionary bearish signals.

Hedge Funds Weigh In On Chime Financial

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group raised their target price 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. Freedom Capital upgraded Chime Financial to a “strong-buy” rating in a report on Thursday, July 23rd. Wall Street Zen raised Chime Financial from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. UBS Group upped their target price on Chime Financial from $28.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, BMO Capital Markets increased their price target on Chime Financial from $28.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Four equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $35.00.

About Chime Financial

Chime Financial, Inc is a financial technology company that operates a digital banking platform in the United States. Chime provides consumer-focused banking services through its mobile application and website, offering checking and savings accounts, debit cards, direct-deposit services and tools designed to help customers manage their everyday finances. Chime is not a traditional bank; its banking services are provided through partner financial institutions.

The company’s products include a Visa debit card, fee-free overdraft protection through SpotMe for eligible members, early access to qualifying direct deposits, savings features and credit-building products.