Chime Financial (NASDAQ:CHYM) Major Shareholder Global Advisors Ltd Dst Sells 473,694 Shares

Chime Financial, Inc. (NASDAQ:CHYM) major shareholder Global Advisors Ltd Dst sold 473,694 shares of Chime Financial stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $32.71, for a total value of $15,494,530.74. Following the completion of the transaction, the insider owned 397,652 shares in the company, valued at $13,007,196.92. This trade represents a 54.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large 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 20th, Global Advisors Ltd Dst sold 383,031 shares of Chime Financial stock. The stock was 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 stock was 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 shares were sold at an average price of $32.21, for a total transaction of $11,396,284.52.
• On Friday, August 14th, Global Advisors Ltd Dst sold 524,661 shares of Chime Financial stock. The shares were 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 transaction 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 transaction of $33,372,019.33.
• On Thursday, August 6th, Global Advisors Ltd Dst sold 1,796,196 shares of Chime Financial stock. The stock was sold at an average price of $32.62, for a total transaction of $58,591,913.52.

Chime Financial Price Performance

NASDAQ CHYM opened at $32.70 on Tuesday. Chime Financial, Inc. has a 1 year low of $15.88 and a 1 year high of $33.74. The company has a market capitalization of $12.38 billion, a PE ratio of -467.08 and a beta of 0.30. The company has a fifty day moving average of $23.69 and a 200 day moving average of $21.29.

Chime Financial (NASDAQ:CHYM) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. The business 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 business’s quarterly 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. Research analysts expect that Chime Financial, Inc. will post 0.41 earnings per share for the current year.

Analyst Ratings Changes

CHYM has been the subject of a number of analyst reports. Wall Street Zen raised Chime Financial from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Morgan Stanley lifted their target price on shares of Chime Financial from $33.00 to $39.00 and gave the company an “overweight” rating in a report on Tuesday, August 18th. Wolfe Research reiterated an “outperform” rating and issued a $32.00 target price on shares of Chime Financial in a research note on Thursday, August 6th. Freedom Capital raised shares of Chime Financial to a “strong-buy” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings lowered shares of Chime Financial from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Chime Financial has a consensus rating of “Moderate Buy” and a consensus target price of $31.39.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Aspect Management LLC purchased a new stake in Chime Financial in the 4th quarter worth $300,361,000. Ashton Thomas Private Wealth LLC purchased a new position in Chime Financial during the fourth quarter valued at $129,091,000. Orland Properties Ltd purchased a new position in Chime Financial during the second quarter valued at $159,093,000. Scge Management L.P. acquired a new stake in shares of Chime Financial in the second quarter valued at about $152,563,000. Finally, California State Teachers Retirement System acquired a new stake in shares of Chime Financial in the second quarter valued at about $59,367,000.

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.