Chime Financial (NASDAQ:CHYM) Director James Feuille Sells 256,837 Shares of Stock

Chime Financial, Inc. (NASDAQ:CHYM) Director James Feuille sold 256,837 shares of the company’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $32.33, for a total transaction of $8,303,540.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, September 14th, James Feuille sold 95,400 shares of Chime Financial stock. The shares were sold at an average price of $34.09, for a total transaction of $3,252,186.00.
• On Friday, September 11th, James Feuille sold 258,398 shares of Chime Financial stock. The shares were sold at an average price of $32.94, for a total transaction of $8,511,630.12.
• On Thursday, September 10th, James Feuille sold 93,492 shares of Chime Financial stock. The stock was sold at an average price of $33.15, for a total transaction of $3,099,259.80.

Chime Financial Stock Performance

Shares of CHYM stock opened at $31.25 on Thursday. The company has a market capitalization of $11.83 billion, a price-to-earnings ratio of -446.36 and a beta of 0.60. Chime Financial, Inc. has a 52-week low of $15.88 and a 52-week high of $35.55. The company has a 50-day simple moving average of $28.44 and a two-hundred day simple moving average of $22.76.

Chime Financial (NASDAQ:CHYM) last posted its earnings results on Wednesday, August 5th. The company reported $0.07 EPS 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 firm had revenue of $669.77 million for the quarter. During the same period in the prior year, the business earned ($7.29) EPS. Chime Financial’s quarterly revenue was up 26.8% compared to the same quarter last year. On average, sell-side analysts forecast that Chime Financial, Inc. will post 0.44 EPS for the current fiscal year.

Institutional Trading of Chime Financial

A number of large investors have recently bought and sold shares of CHYM. AMS Capital Ltda bought a new stake in shares of Chime Financial in the first quarter valued at $3,439,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Chime Financial by 2,720.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,756,555 shares of the company’s stock worth $51,630,000 after acquiring an additional 2,658,816 shares during the period. Hsbc Holdings PLC bought a new position in shares of Chime Financial during the 4th quarter worth $1,274,000. Brown University increased its holdings in Chime Financial by 99.0% in the 1st quarter. Brown University now owns 204,625 shares of the company’s stock worth $3,833,000 after acquiring an additional 101,820 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in Chime Financial by 115.0% in the 1st quarter. Bank of America Corp DE now owns 319,579 shares of the company’s stock worth $5,986,000 after acquiring an additional 170,941 shares during the last quarter.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CHYM shares. Wall Street Zen raised Chime Financial from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Weiss Ratings raised Chime Financial from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 3rd. Freedom Capital upgraded Chime Financial to a “strong-buy” rating in a research note on Thursday, July 23rd. Wolfe Research boosted their price target on shares of Chime Financial from $32.00 to $38.00 and gave the stock an “outperform” rating in a report on Tuesday, August 25th. Finally, Scotiabank increased their price target on shares of Chime Financial from $40.00 to $42.00 and gave the company a “sector outperform” rating in a research report on Wednesday, September 9th. Four research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $36.40.

Key Headlines Impacting Chime Financial

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

• Positive Sentiment: Analysts remain bullish: Goldman Sachs raised its price target to $37 and maintained a “Buy” rating. B. Riley lifted its target to $44, while Rothschild & Co Redburn upgraded CHYM to “Buy” with a $46 target. These calls indicate continued confidence in Chime’s growth outlook. B. Riley raises Chime price target Rothschild upgrades Chime
• Positive Sentiment: Bank acquisition offers strategic upside: Chime agreed to acquire Central Service Corporation, the parent of Stride Bank, for $590 million in cash. Pending regulatory approvals, the transaction would allow Stride to become Chime Bank, N.A., giving Chime greater control over its banking infrastructure and potentially improving long-term economics. Chime bank acquisition analysis
• Positive Sentiment: Operating momentum remains favorable: Chime’s latest results showed revenue growth of 26.8% year over year, 10.4 million active members and a second consecutive quarter of GAAP profitability. The company also raised its full-year outlook.
• Neutral Sentiment: New York expansion: Chime opened a new office in New York, supporting its corporate and hiring footprint, although the announcement is unlikely to materially change near-term earnings expectations. Chime opens New York office
• Negative Sentiment: Heavy insider selling is a sentiment headwind: General Counsel Adam Frankel sold 102,002 shares for about $3.4 million, and Director James Feuille sold 352,237 shares worth roughly $11.6 million across two transactions. A major shareholder also sold 207,513 shares for approximately $6.9 million. Recent disclosures show numerous insider sales and no reported open-market purchases over the past six months. Some transactions were conducted under pre-arranged Rule 10b5-1 plans, but the volume may still reinforce profit-taking concerns. SEC insider sale filing
• Negative Sentiment: Acquisition risks are being reassessed: Investors are weighing regulatory approval, integration costs and capital requirements associated with the Stride transaction. After the recent run-up, these uncertainties have contributed to increased volatility and pressure on CHYM.

Chime Financial Company Profile

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.