James Feuille Sells 7,229 Shares of Chime Financial (NASDAQ:CHYM) Stock

Chime Financial, Inc. (NASDAQ:CHYM) Director James Feuille sold 7,229 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $24.82, for a total transaction of $179,423.78. Following the transaction, the director directly owned 7,037,707 shares in the company, valued at approximately $174,675,887.74. The trade was a 0.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

James Feuille also recently made the following trade(s):

• On Thursday, December 11th, James Feuille sold 176,168 shares of Chime Financial stock. The shares were sold at an average price of $27.12, for a total transaction of $4,777,676.16.

Chime Financial Stock Up 1.7%

CHYM stock opened at $25.77 on Friday. The business has a 50 day simple moving average of $20.58. Chime Financial, Inc. has a 12 month low of $16.17 and a 12 month high of $44.94.

Chime Financial (NASDAQ:CHYM) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.10. The business had revenue of $543.52 million for the quarter. The company’s quarterly revenue was up 28.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.34) EPS.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Piper Sandler lowered their price objective on Chime Financial from $35.00 to $30.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. The Goldman Sachs Group raised Chime Financial from a “neutral” rating to a “buy” rating and upped their target price for the stock from $26.00 to $27.00 in a research report on Monday, December 1st. Keefe, Bruyette & Woods lowered their price target on Chime Financial from $42.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. William Blair restated an “outperform” rating on shares of Chime Financial in a research note on Tuesday, September 30th. Finally, Williams Trading set a $17.00 price objective on shares of Chime Financial in a report on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Chime Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.25.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Lunate Capital Ltd acquired a new position in shares of Chime Financial during the third quarter worth approximately $36,503,000. Armistice Capital LLC bought a new position in Chime Financial during the third quarter worth $257,000. Dark Forest Capital Management LP acquired a new position in Chime Financial during the 3rd quarter valued at $1,185,000. XTX Topco Ltd boosted its holdings in Chime Financial by 778.4% in the 3rd quarter. XTX Topco Ltd now owns 116,262 shares of the company’s stock valued at $2,345,000 after purchasing an additional 103,026 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in Chime Financial in the 3rd quarter worth $5,688,000.

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.