Insider Selling: Chime Financial (NASDAQ:CHYM) Major Shareholder Sells $22,925,108.46 in Stock

Chime Financial, Inc. (NASDAQ:CHYM) major shareholder Global Advisors Ltd Dst sold 713,289 shares of Chime Financial stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $32.14, for a total transaction of $22,925,108.46. Following the sale, the insider owned 455,545 shares in the company, valued at approximately $14,641,216.30. The trade was a 61.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Global Advisors Ltd Dst also recently made the following trade(s):

• 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 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 shares were 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 shares were sold at an average price of $32.62, for a total transaction of $58,591,913.52.

Chime Financial Stock Up 3.6%

Shares of CHYM stock opened at $33.07 on Thursday. The company’s fifty day simple moving average is $22.78 and its two-hundred day simple moving average is $21.11. Chime Financial, Inc. has a 52 week low of $15.88 and a 52 week high of $33.41. The stock has a market cap of $12.52 billion, a P/E ratio of -472.36 and a beta of 0.31.

Chime Financial (NASDAQ:CHYM) last issued 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 firm 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 company’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($7.29) EPS. On average, analysts anticipate that Chime Financial, Inc. will post 0.41 EPS for the current fiscal year.

Key Chime Financial News

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

• Positive Sentiment: Higher earnings expectations support momentum. Zacks reported that analysts have been raising their earnings estimates for Chime, a trend that can signal improving confidence in the company’s profitability outlook. CHYM was also added to Zacks’ Rank #1 “Strong Buy” and momentum-stock lists. Earnings Estimates Moving Higher for Chime Financial
• Positive Sentiment: Morgan Stanley raised its price target. The firm increased its target from $33 to $39 and maintained an “overweight” rating, providing a bullish signal as investors assess Chime’s growth potential. Morgan Stanley Chime Financial price-target report
• Positive Sentiment: Recent results showed profitable growth. Chime’s latest quarterly report included adjusted earnings of $0.07 per share, exceeding the $0.01-per-share loss analysts expected, while revenue increased 26.8% year over year to approximately $670 million. The earnings call emphasized continued growth and progress toward profitability. Chime Financial Earnings Call Highlights Profitable Growth
• Neutral Sentiment: Management will appear at an investor conference. CEO and co-founder Chris Britt is scheduled for a fireside chat at the Goldman Sachs Communacopia + Technology Conference on September 9. The webcast could provide additional commentary on growth, customer trends and the profitability roadmap, but the event is several weeks away. Chime to Participate in Goldman Sachs Conference
• Negative Sentiment: A major shareholder has been reducing its position. Global Advisors Ltd. Dst sold more than 524,000 shares at about $32.18 after selling 713,289 shares the prior day and additional large blocks earlier in August. The disposals may create selling pressure or raise concerns about profit-taking near recent highs, although the trades do not necessarily reflect company-specific problems. Chime Financial Major Shareholder Stock Sale

Institutional Investors Weigh In On Chime Financial

Institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC bought a new position in shares of Chime Financial during the 2nd quarter valued at approximately $33,000. Scopus Asset Management L.P. bought a new stake in Chime Financial in the second quarter worth $34,000. PNC Financial Services Group Inc. purchased a new position in Chime Financial during the fourth quarter worth $25,000. Daiwa Securities Group Inc. purchased a new position in Chime Financial during the second quarter worth $40,000. Finally, Osaic Holdings Inc. bought a new position in Chime Financial during the second quarter valued at $45,000.

Analysts Set New Price Targets

CHYM has been the topic of several recent research reports. Freedom Capital raised Chime Financial to a “strong-buy” rating in a report on Thursday, July 23rd. BMO Capital Markets raised their target price on shares of Chime Financial from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Wolfe Research restated an “outperform” rating and issued a $32.00 price target on shares of Chime Financial in a research report on Thursday, August 6th. Canaccord Genuity Group upped their price target on shares of Chime Financial from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Morgan Stanley lifted their price objective on shares of Chime Financial from $33.00 to $39.00 and gave the stock an “overweight” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $31.39.

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.