Insider Selling: Chime Financial (NASDAQ:CHYM) Major Shareholder Sells $344,754.00 in Stock

Chime Financial, Inc. (NASDAQ:CHYM) major shareholder Global Advisors Ltd Dst sold 10,740 shares of the company’s stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $32.10, for a total transaction of $344,754.00. Following the completion of the sale, the insider directly owned 336,698 shares of the company’s stock, valued at $10,808,005.80. The trade was a 3.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Friday, November 6th, Global Advisors Ltd Dst sold 1,319,027 shares of Chime Financial stock. The shares were sold at an average price of $31.13, for a total value of $41,061,310.51.
• On Monday, September 14th, Global Advisors Ltd Dst sold 3,216,189 shares of Chime Financial stock. The shares were sold at an average price of $33.99, for a total value of $109,318,264.11.
• On Friday, September 11th, Global Advisors Ltd Dst sold 207,513 shares of Chime Financial stock. The stock was sold at an average price of $33.07, for a total value of $6,862,454.91.
• On Wednesday, September 9th, Global Advisors Ltd Dst sold 59,630 shares of Chime Financial stock. The shares were sold at an average price of $35.03, for a total transaction of $2,088,838.90.
• On Wednesday, August 26th, Global Advisors Ltd Dst sold 1,168,667 shares of Chime Financial stock. The stock was sold at an average price of $33.04, for a total transaction 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 value of $58,736,205.96.
• On Friday, August 21st, Global Advisors Ltd Dst sold 473,694 shares of Chime Financial stock. The shares were sold at an average price of $32.71, for a total value 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 value of $12,647,683.62.
• On Wednesday, August 19th, Global Advisors Ltd Dst sold 4,456,157 shares of Chime Financial stock. The shares were sold at an average price of $32.66, for a total transaction of $145,538,087.62.

Chime Financial Trading Up 1.7%

CHYM stock opened at $33.08 on Thursday. The company has a market cap of $12.52 billion, a price-to-earnings ratio of 174.11 and a beta of 0.74. The firm has a 50 day moving average of $29.94 and a 200-day moving average of $23.99. Chime Financial, Inc. has a 12-month low of $15.88 and a 12-month high of $35.55.

Chime Financial (NASDAQ:CHYM) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. The business had revenue of $718.00 million for the quarter. Chime Financial had a net margin of 3.05% and a return on equity of 6.72%. Chime Financial’s quarterly revenue was up 32.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.15) earnings per share. Sell-side analysts forecast that Chime Financial, Inc. will post 0.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CHYM. AMS Capital Ltda acquired a new position in shares of Chime Financial in the 1st quarter worth approximately $3,439,000. Arrowstreet Capital Limited Partnership grew its position 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 valued at $51,630,000 after buying an additional 2,658,816 shares during the last quarter. Arizona State Retirement System acquired a new stake in Chime Financial during the second quarter worth about $692,000. Penn Mutual Asset Management acquired a new position in Chime Financial in the third quarter valued at approximately $6,711,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Chime Financial in the 4th quarter worth approximately $1,274,000.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CHYM. Raymond James Financial set a $35.00 price target on Chime Financial in a research note on Thursday, October 8th. Rothschild & Co Redburn upgraded shares of Chime Financial from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a report on Monday, September 14th. Barclays increased their target price on Chime Financial from $33.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 9th. Canaccord Genuity Group upped their price target on Chime Financial from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, September 9th. Finally, UBS Group reiterated a “buy” rating on shares of Chime Financial in a report on Thursday, November 5th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $39.47.

Chime Financial Company Profile

Chime Financial operates a digital financial services platform for consumers in the United States. Through its mobile app, the company offers spending and savings accounts, debit cards and tools for managing money. Its products also include credit-building services and features designed to help customers access direct deposits and avoid certain common banking fees. Founded in 2012 by Chris Britt and Ryan King, Chime is a financial technology company, not a bank. Banking services are provided through partner banks, including The Bancorp Bank, N.A., and Stride Bank, N.A. Chris Britt has served as the company’s chief executive officer.