Insider Selling: Chime Financial (NASDAQ:CHYM) Insider Sells $1,491,098.15 in Stock

Chime Financial, Inc. (NASDAQ:CHYM) insider Ryan King sold 42,421 shares of the stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $35.15, for a total transaction of $1,491,098.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Chime Financial Trading Up 1.0%

NASDAQ CHYM opened at $33.00 on Friday. Chime Financial, Inc. has a 12 month low of $15.88 and a 12 month high of $35.55. The stock’s 50 day moving average is $27.73 and its 200 day moving average is $22.50. The stock has a market cap of $12.49 billion, a PE ratio of -471.36 and a beta of 0.60.

Chime Financial (NASDAQ:CHYM) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.08. The firm 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 quarterly revenue 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 forecast that Chime Financial, Inc. will post 0.44 EPS for the current fiscal year.

Key Headlines Impacting Chime Financial

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

• Positive Sentiment: Chime agreed to acquire Stride Bank, its longtime banking partner, 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, projecting third-quarter revenue of approximately $705 million and full-year 2026 revenue of $2.76 billion to $2.77 billion. Full-year adjusted EBITDA guidance increased to $481 million-$489 million, supporting the investment case.
• Positive Sentiment: Analyst sentiment strengthened. KeyCorp raised its price target to $40, Scotiabank to $42, and Loop Capital initiated coverage with a Buy rating and a $45 target. Other firms, including Morgan Stanley, Piper Sandler and UBS, also reportedly increased targets, while Zacks added CHYM to its Strong Buy momentum list. KeyCorp price target article
• Neutral Sentiment: The Stride transaction requires regulatory approval and will expose Chime to bank capital requirements, federal oversight and integration risks. Investors will also monitor whether the bank remains below the $10 billion asset threshold, which affects debit-card interchange economics.
• Negative Sentiment: Valuation appears stretched after an approximately 86% three-month rally and a move close to the 52-week high. UBS maintained a Neutral rating despite raising its target to $31, indicating some analysts see limited upside at elevated levels.
• Negative Sentiment: Insiders continued to sell shares. Major shareholder Global Advisors Ltd Dst sold 59,630 shares for about $2.09 million, while Ryan King sold 42,421 shares for approximately $1.49 million. Chief Accounting Officer Amine Asmerom also sold 19,505 shares for about $642,000. The executive sales were conducted under pre-arranged Rule 10b5-1 plans, reducing their significance as discretionary bearish signals.

Institutional Investors Weigh In On Chime Financial

Hedge funds and other institutional investors have recently modified their holdings of the business. Tiger Global Management LLC boosted its holdings in Chime Financial by 13.8% during the 4th quarter. Tiger Global Management LLC now owns 14,192,499 shares of the company’s stock valued at $357,225,000 after acquiring an additional 1,721,731 shares during the period. Aspect Management LLC bought a new position in shares of Chime Financial in the fourth quarter worth about $300,361,000. Orland Properties Ltd purchased a new position in Chime Financial in the 2nd quarter worth about $159,093,000. Scge Management L.P. bought a new stake in Chime Financial during the 2nd quarter valued at about $152,563,000. Finally, Spyglass Capital Management LLC grew its stake in Chime Financial by 162.6% in the 2nd quarter. Spyglass Capital Management LLC now owns 3,406,249 shares of the company’s stock worth $69,760,000 after acquiring an additional 2,109,057 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages have commented on CHYM. The Goldman Sachs Group lifted their price objective on shares of Chime Financial from $26.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Scotiabank upped their target price 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. Piper Sandler increased their price target on shares of Chime Financial from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday. KeyCorp boosted their price objective on Chime Financial from $33.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, UBS Group raised their price objective on Chime Financial from $28.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday. Four investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.