Insider Selling: Chime Financial (NASDAQ:CHYM) Major Shareholder Sells 353,812 Shares

Chime Financial, Inc. (NASDAQ:CHYM) major shareholder Global Advisors Ltd Dst sold 353,812 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $32.21, for a total transaction of $11,396,284.52. Following the transaction, the insider owned 447,331 shares in the company, valued at $14,408,531.51. This represents a 44.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 19th, Global Advisors Ltd Dst sold 4,456,157 shares of Chime Financial stock. The stock was sold at an average price of $32.66, for a total value of $145,538,087.62.
• 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 transaction of $16,883,590.98.
• 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 stock was 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 stock was 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 Trading Down 3.4%

CHYM traded down $1.12 during midday trading on Thursday, reaching $31.95. The company’s stock had a trading volume of 6,632,814 shares, compared to its average volume of 5,251,140. The company has a fifty day simple moving average of $22.78 and a 200 day simple moving average of $21.11. The stock has a market cap of $12.10 billion, a P/E ratio of -456.36 and a beta of 0.31. Chime Financial, Inc. has a twelve month low of $15.88 and a twelve month high of $33.75.

Chime Financial (NASDAQ:CHYM) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.08. The business had revenue of $669.77 million for the quarter. Chime Financial had a negative net margin of 0.74% and a negative return on equity of 1.28%. The company’s revenue was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($7.29) EPS. Sell-side analysts expect that Chime Financial, Inc. will post 0.41 earnings per share for the current year.

Key Stories Impacting Chime Financial

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

• Positive Sentiment: Zacks Research upgraded Chime Financial to “strong buy,” adding to recent bullish sentiment around the stock. Zacks Research upgrade
• Positive Sentiment: Chime has gained 10.03% over the past week, while Zacks cited improving earnings estimates and included CHYM on its Rank #1 “Strong Buy” and momentum-stock lists. These revisions may support continued near-term investor interest. Zacks momentum analysis
• Positive Sentiment: A Morgan Stanley analyst reportedly expects Chime’s stock price to rise, providing additional support for the bullish case. Morgan Stanley analyst outlook
• Neutral Sentiment: CEO and co-founder Chris Britt is scheduled to participate in a Goldman Sachs Communacopia + Technology Conference fireside chat on September 9. The event could provide investors with updated commentary, but it has no immediate financial impact. Chime conference announcement
• Negative Sentiment: Global Advisors Ltd Dst sold 4.46 million CHYM shares for approximately $145.5 million on August 19, after selling another 353,812 shares worth about $11.4 million on August 18. The transactions reduced the shareholder’s position by 91.66% and 44.16%, respectively, creating a significant supply overhang and likely weighing on the stock.

Wall Street Analysts Forecast Growth

CHYM has been the subject of a number of research analyst reports. Morgan Stanley upped their price objective on shares of Chime Financial from $33.00 to $39.00 and gave the company an “overweight” rating in a research report on Tuesday. Wolfe Research reissued an “outperform” rating and set a $32.00 target price on shares of Chime Financial in a research report on Thursday, August 6th. UBS Group boosted their price target on Chime Financial from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. BMO Capital Markets raised their price objective on Chime Financial from $28.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Finally, Wall Street Zen raised Chime Financial from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Four research 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 given a Sell rating to the company’s stock. According to MarketBeat, Chime Financial has an average rating of “Moderate Buy” and a consensus target price of $31.39.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Tiger Global Management LLC lifted its stake in Chime Financial by 13.8% during the fourth quarter. Tiger Global Management LLC now owns 14,192,499 shares of the company’s stock worth $357,225,000 after purchasing an additional 1,721,731 shares during the period. Aspect Management LLC acquired a new position in shares of Chime Financial in the 4th quarter worth approximately $300,361,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Chime Financial in the 4th quarter worth approximately $129,091,000. Orland Properties Ltd bought a new position in shares of Chime Financial during the 2nd quarter worth approximately $159,093,000. Finally, Scge Management L.P. bought a new position in shares of Chime Financial during the 2nd quarter worth approximately $152,563,000.

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.