Chime Financial (NASDAQ:CHYM) General Counsel Sells 102,002 Shares of Stock

Key Points

• Chime Financial’s general counsel sold 102,002 shares at an average price of $33.31, generating approximately $3.4 million. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his stake by 21.85% to 364,828 shares.
• CHYM shares fell 7% to $31.25 during Wednesday trading, despite remaining near its 52-week high of $35.55. The company has a market capitalization of approximately $11.83 billion.
• Chime’s latest quarterly results exceeded expectations, with earnings of $0.07 per share and revenue of $669.77 million, up 26.8% year over year. Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $36.40.

Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) General Counsel Adam Frankel sold 102,002 shares of the company's stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $33.31, for a total transaction of $3,397,686.62. Following the completion of the sale, the general counsel owned 364,828 shares of the company's stock, valued at approximately $12,152,420.68. The trade was a 21.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Chime Financial Trading Down 7.0%

Shares of CHYM traded down $2.36 during trading hours on Wednesday, reaching $31.25. 8,242,627 shares of the stock traded hands, compared to its average volume of 5,455,204. The stock has a fifty day simple moving average of $28.23 and a 200 day simple moving average of $22.71. Chime Financial, Inc. has a 52 week low of $15.88 and a 52 week high of $35.55. The company has a market cap of $11.83 billion, a price-to-earnings ratio of -446.36 and a beta of 0.60.

Chime Financial (NASDAQ:CHYM - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.08. Chime Financial had a negative net margin of 0.74% and a negative return on equity of 1.28%. The business had revenue of $669.77 million for the quarter. During the same quarter last year, the firm posted ($7.29) earnings per share. The firm's revenue for the quarter was up 26.8% compared to the same quarter last year. Analysts predict that Chime Financial, Inc. will post 0.43 earnings per share for the current fiscal year.

Institutional Trading of Chime Financial

Large investors have recently bought and sold shares of the company. AMS Capital Ltda bought a new stake in shares of Chime Financial in the first quarter valued at $3,439,000. Arrowstreet Capital Limited Partnership lifted 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. Hsbc Holdings PLC bought a new position in shares of Chime Financial during the 4th quarter worth $1,274,000. Brown University grew its stake in shares of Chime Financial by 99.0% during the 1st quarter. Brown University now owns 204,625 shares of the company's stock worth $3,833,000 after acquiring an additional 101,820 shares during the period. Finally, Bank of America Corp DE increased its holdings in Chime Financial by 115.0% in the 1st quarter. Bank of America Corp DE now owns 319,579 shares of the company's stock worth $5,986,000 after acquiring an additional 170,941 shares during the last quarter.

Wall Street Analyst Weigh In

CHYM has been the subject of several recent analyst reports. UBS Group upped their target price on Chime Financial from $28.00 to $31.00 and gave the company a "neutral" rating in a report on Wednesday, September 9th. Wells Fargo & Company lifted their price target on Chime Financial from $33.00 to $39.00 and gave the stock an "overweight" rating in a report on Tuesday, August 25th. Keefe, Bruyette & Woods boosted their price objective on Chime Financial from $30.00 to $35.00 and gave the stock an "outperform" rating in a research report on Thursday, August 6th. Freedom Capital upgraded Chime Financial to a "strong-buy" rating in a research note on Thursday, July 23rd. Finally, Barclays upped their price objective on Chime Financial from $33.00 to $40.00 and gave the company an "overweight" rating in a research note on Wednesday, September 9th. Four equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $36.40.

Chime Financial News Roundup

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

• Positive Sentiment: Analyst support remains strong: B. Riley raised its price target to $44, while Rothschild & Co. Redburn upgraded CHYM to “Buy.” Goldman Sachs also recently raised its target to $37 and maintained a “Buy” rating. These actions indicate continued confidence in Chime’s growth outlook. B. Riley price target article Redburn upgrade article
• Positive Sentiment: New York office opening signals expansion: Chime opened a new office in New York, potentially supporting hiring, partnerships and broader corporate growth, although the near-term earnings impact is unclear. Chime Financial opens New York office
• Neutral Sentiment: Bank acquisition remains the key catalyst: Chime agreed to acquire Central Service Corporation, parent of Stride Bank, for $590 million in cash. The deal could give Chime faster control of its banking infrastructure, but it still requires regulatory approvals and carries integration, capital and execution risks.
• Negative Sentiment: Investors are locking in gains: After reaching recent post-IPO highs, CHYM appears vulnerable to profit-taking as shareholders reassess the valuation and the risks surrounding the Stride Bank transaction. The pullback also occurred amid broader weakness in financial shares. Chime Financial bank deal and rally analysis
• Negative Sentiment: Heavy insider selling adds pressure: Global Advisors Ltd. Dst sold 207,513 shares for approximately $6.9 million, while directors Shawn Carolan, James Feuille and Cynthia Marshall have also reported sizable sales. The absence of reported insider purchases may weigh on sentiment, even though transactions can reflect diversification or planned selling. Chime insider selling report

About Chime Financial

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.

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