Insider Selling: Chime Financial (NASDAQ:CHYM) Major Shareholder Sells 59,630 Shares

Chime Financial, Inc. (NASDAQ:CHYM) major shareholder Global Advisors Ltd Dst sold 59,630 shares of the stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $35.03, for a total value of $2,088,838.90. Following the transaction, the insider owned 368,812 shares of the company’s stock, valued at $12,919,484.36. This represents a 13.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% 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 Wednesday, August 26th, Global Advisors Ltd Dst sold 1,168,667 shares of Chime Financial stock. The shares were sold at an average price of $33.04, for a total value of $38,612,757.68.
• On Tuesday, August 25th, Global Advisors Ltd Dst sold 80,914 shares of Chime Financial stock. The shares were sold at an average price of $33.06, for a total transaction of $2,675,016.84.
• On Monday, August 24th, Global Advisors Ltd Dst sold 1,775,044 shares of Chime Financial stock. The stock was sold at an average price of $33.09, for a total transaction of $58,736,205.96.
• On Friday, August 21st, Global Advisors Ltd Dst sold 473,694 shares of Chime Financial stock. The stock was sold at an average price of $32.71, for a total transaction of $15,494,530.74.
• On Thursday, August 20th, Global Advisors Ltd Dst sold 383,031 shares of Chime Financial stock. The shares were sold at an average price of $33.02, for a total transaction 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 transaction of $145,538,087.62.
• On Tuesday, August 18th, Global Advisors Ltd Dst sold 353,812 shares of Chime Financial stock. The stock was sold at an average price of $32.21, for a total value of $11,396,284.52.
• 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 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 value of $64,724.22.

Chime Financial Stock Performance

Chime Financial stock traded up $0.32 on Friday, reaching $32.99. The company’s stock had a trading volume of 7,790,488 shares, compared to its average volume of 5,381,034. The company has a market cap of $12.49 billion, a price-to-earnings ratio of -471.22 and a beta of 0.60. The business’s fifty day moving average price is $27.49 and its 200 day moving average price is $22.43. Chime Financial, Inc. has a twelve month low of $15.88 and a twelve month high of $35.55.

Chime Financial (NASDAQ:CHYM) last announced its earnings results 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 company 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% compared to the same quarter last year. During the same quarter last year, the business posted ($7.29) earnings per share. As a group, equities analysts forecast that Chime Financial, Inc. will post 0.44 earnings per share for the current year.

Trending Headlines about Chime Financial

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

• Positive Sentiment: Chime agreed to acquire longtime banking partner Stride Bank for approximately $590 million in cash. Owning a nationally chartered bank could reduce partner fees and funding costs, improve control over lending and compliance, and generate more than $100 million in annual savings. The transaction is expected to be accretive to earnings after its anticipated first-half 2027 closing. Stride Bank acquisition article
• Positive Sentiment: Management raised its outlook, calling for approximately $705 million in third-quarter revenue and $117 million to $120 million in adjusted EBITDA. Full-year revenue guidance increased to $2.76 billion-$2.77 billion, with adjusted EBITDA expected at $481 million-$489 million. Chime guidance article
• Positive Sentiment: Analyst sentiment strengthened after the announcement. KeyCorp raised its target to $40, Scotiabank to $42, Loop Capital initiated coverage with a Buy rating and a $45 target, and other firms also raised targets. Zacks added CHYM to its Rank #1 Strong Buy momentum list.
• Neutral Sentiment: The acquisition requires regulatory approval and could bring additional capital requirements, federal oversight and integration costs. Investors will also monitor whether Chime can keep Stride below the $10 billion asset threshold to preserve favorable debit-card interchange economics.
• Neutral Sentiment: Reported short interest was zero shares, although the figure may reflect incomplete or anomalous data and provides little useful insight into investor positioning.
• Negative Sentiment: Valuation is a concern after an approximately 86% three-month rally and a move close to the 52-week high. UBS maintained a Neutral rating with a $31 target, below recent trading levels.
• Negative Sentiment: Insiders reported additional selling: Ryan King sold 42,421 shares for about $1.49 million, while Chief Accounting Officer Amine Asmerom sold 19,505 shares worth approximately $642,000. Both sales were made under pre-arranged Rule 10b5-1 plans, limiting their significance as discretionary bearish signals.

Institutional Investors Weigh In On Chime Financial

Several hedge funds have recently bought and sold shares of CHYM. Aspect Management LLC bought a new position in shares of Chime Financial during the 4th quarter valued at about $300,361,000. Orland Properties Ltd bought a new stake in Chime Financial during the 2nd quarter worth approximately $159,093,000. Scge Management L.P. bought a new stake in Chime Financial during the 2nd quarter worth approximately $152,563,000. California State Teachers Retirement System acquired a new stake in Chime Financial during the 2nd quarter worth approximately $59,367,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in 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 buying an additional 2,658,816 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Chime Financial from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. UBS Group raised their price target on Chime Financial from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday. The Goldman Sachs Group lifted their price objective on Chime Financial from $26.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Loop Capital started coverage on Chime Financial in a report on Wednesday. They issued a “buy” rating and a $45.00 price objective for the company. Finally, Scotiabank increased their target price on Chime Financial from $40.00 to $42.00 and gave the company a “sector outperform” rating in a research note on Wednesday. Four analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Chime Financial presently has an average rating of “Moderate Buy” and an average price target of $35.00.

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.