Chime Financial (NASDAQ:CHYM) Major Shareholder Global Advisors Ltd Dst Sells 353,812 Shares

Chime Financial, Inc. (NASDAQ:CHYM) major shareholder Global Advisors Ltd Dst sold 353,812 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $32.21, for a total transaction of $11,396,284.52. Following the transaction, the insider directly owned 447,331 shares in the company, valued at $14,408,531.51. The trade was a 44.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 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 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 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 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 transaction 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 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 stock was sold at an average price of $32.62, for a total transaction of $58,591,913.52.

Chime Financial Trading Down 3.4%

Shares of NASDAQ:CHYM opened at $31.95 on Friday. Chime Financial, Inc. has a 1 year low of $15.88 and a 1 year high of $33.75. The business has a fifty day simple moving average of $23.07 and a 200 day simple moving average of $21.15. The firm has a market cap of $12.10 billion, a price-to-earnings ratio of -456.36 and a beta of 0.31.

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 analysts’ consensus estimates of ($0.01) by $0.08. Chime Financial had a negative return on equity of 1.28% and a negative net margin of 0.74%.The firm had revenue of $669.77 million during the quarter. During the same period in the previous year, the business posted ($7.29) EPS. Chime Financial’s revenue for the quarter was up 26.8% on a year-over-year basis. On average, sell-side analysts forecast that Chime Financial, Inc. will post 0.41 EPS for the current year.

Institutional Trading of Chime Financial

Several large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC acquired a new stake in shares of Chime Financial in the second quarter valued at about $33,000. Scopus Asset Management L.P. bought a new position in shares of Chime Financial in the second quarter worth about $34,000. PNC Financial Services Group Inc. acquired a new position in shares of Chime Financial during the 4th quarter worth about $25,000. Daiwa Securities Group Inc. acquired a new position in shares of Chime Financial during the 2nd quarter worth about $40,000. Finally, Osaic Holdings Inc. bought a new stake in Chime Financial during the 2nd quarter valued at approximately $45,000.

Analysts Set New Price Targets

Several brokerages recently commented on CHYM. Barclays boosted their price target on Chime Financial from $26.00 to $33.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. B. Riley Financial lifted their target price on shares of Chime Financial from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Morgan Stanley boosted their target price on shares of Chime Financial from $33.00 to $39.00 and gave the stock an “overweight” rating in a research report on Tuesday. Weiss Ratings upgraded shares of Chime Financial from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. Finally, Wolfe Research restated an “outperform” rating and set a $32.00 price target on shares of Chime Financial in a report on Thursday, August 6th. Four 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 an average rating of “Moderate Buy” and a consensus target price of $31.39.

Key Headlines Impacting Chime Financial

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

• Positive Sentiment: Zacks Research upgraded Chime Financial to “strong buy,” adding to recent bullish sentiment around the stock. Zacks Research upgrade
• Positive Sentiment: Chime has gained 10.03% over the past week, while Zacks cited improving earnings estimates and included CHYM on its Rank #1 “Strong Buy” and momentum-stock lists. These revisions may support continued near-term investor interest. Zacks momentum analysis
• Positive Sentiment: A Morgan Stanley analyst reportedly expects Chime’s stock price to rise, providing additional support for the bullish case. Morgan Stanley analyst outlook
• Neutral Sentiment: CEO and co-founder Chris Britt is scheduled to participate in a Goldman Sachs Communacopia + Technology Conference fireside chat on September 9. The event could provide investors with updated commentary, but it has no immediate financial impact. Chime conference announcement
• Negative Sentiment: Global Advisors Ltd Dst sold 4.46 million CHYM shares for approximately $145.5 million on August 19, after selling another 353,812 shares worth about $11.4 million on August 18. The transactions reduced the shareholder’s position by 91.66% and 44.16%, respectively, creating a significant supply overhang and likely weighing on the stock.

About Chime Financial

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.