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

Key Points

• Global Advisors Ltd Dst sold 353,812 Chime shares for approximately $11.4 million at an average price of $32.21, reducing its position by 44.16% to 447,331 shares. The shareholder also made several additional large sales in August.
• Chime stock fell 3.4% to $31.95, though it remains near its 52-week high of $33.75. The company recently reported quarterly EPS of $0.07, exceeding estimates, while revenue increased 26.8% year over year to $669.77 million.
• Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $31.39, despite significant insider selling and Chime’s negative net margin.

Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) major shareholder Global Advisors Ltd Dst sold 353,812 shares of the firm'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 value of $11,396,284.52. Following the completion of the sale, the insider owned 447,331 shares in the company, valued at approximately $14,408,531.51. This represents a 44.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 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 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 value 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 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 transaction of $64,724.22.
• On Tuesday, August 11th, Global Advisors Ltd Dst sold 1,039,303 shares of Chime Financial stock. The stock was 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 Down 3.4%

Chime Financial stock traded down $1.12 during trading hours on Thursday, hitting $31.95. 6,632,814 shares of the company traded hands, compared to its average volume of 5,251,140. The firm has a market cap of $12.10 billion, a P/E ratio of -456.36 and a beta of 0.31. The firm's 50-day simple moving average is $22.78 and its two-hundred day simple moving average is $21.11. Chime Financial, Inc. has a 1-year low of $15.88 and a 1-year high of $33.75.

Chime Financial (NASDAQ:CHYM - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share for the quarter, topping 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 net margin of 0.74% and a negative return on equity of 1.28%. The company's revenue was up 26.8% on a year-over-year basis. During the same period in the prior year, the company posted ($7.29) earnings per share. On average, equities research analysts predict that Chime Financial, Inc. will post 0.41 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. UBS Group increased their price target on Chime Financial from $26.00 to $28.00 and gave the company a "neutral" rating in a research note on Thursday, August 6th. Freedom Capital raised Chime Financial to a "strong-buy" rating in a research note on Thursday, July 23rd. Barclays upped their price objective on Chime Financial from $26.00 to $33.00 and gave the company an "overweight" rating in a report on Friday, August 7th. Piper Sandler raised their target price on Chime Financial from $30.00 to $35.00 and gave the company an "overweight" rating in a research note on Thursday, August 6th. Finally, Wall Street Zen raised Chime Financial from a "hold" rating to a "buy" rating in a report on Saturday, July 25th. Four research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.39.

Hedge Funds Weigh In On Chime Financial

Several institutional investors and hedge funds have recently bought and sold shares of the business. Tiger Global Management LLC increased its stake in Chime Financial by 13.8% in the 4th quarter. Tiger Global Management LLC now owns 14,192,499 shares of the company's stock valued at $357,225,000 after buying an additional 1,721,731 shares during the period. Aspect Management LLC acquired a new position in shares of Chime Financial in the fourth quarter worth $300,361,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Chime Financial in the fourth quarter worth $129,091,000. Orland Properties Ltd purchased a new stake in shares of Chime Financial during the second quarter worth $159,093,000. Finally, Scge Management L.P. purchased a new stake in shares of Chime Financial during the second quarter worth $152,563,000.

Trending Headlines about 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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