Chime Financial (NASDAQ:CHYM) Insider Sells 63,382 Shares of Stock

Key Points

• Chime insider Ryan King sold 63,382 shares for about $1.99 million under a pre-arranged Rule 10b5-1 plan, reducing his holdings by 62.63% to 37,812 shares.
• Quarterly results topped expectations: Chime reported EPS of $0.11 versus a $0.09 consensus, while revenue rose 32.1% year over year to $718 million.
• Shares rose 3.8% to $31.33; analysts’ average rating was “Moderate Buy,” with an average price target of $39.47.

Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) insider Ryan King sold 63,382 shares of Chime Financial stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $31.32, for a total value of $1,985,124.24. Following the completion of the sale, the insider owned 37,812 shares in the company, valued at approximately $1,184,271.84. The trade was a 62.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Chime Financial Trading Up 3.8%

NASDAQ:CHYM traded up $1.15 during trading hours on Friday, hitting $31.33. 8,530,008 shares of the stock were exchanged, compared to its average volume of 5,352,833. The firm's fifty day moving average price is $29.98 and its 200 day moving average price is $23.87. 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 $11.86 billion, a P/E ratio of 164.90 and a beta of 0.74.

Chime Financial (NASDAQ:CHYM - Get Free Report) last released its earnings results on Wednesday, November 4th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.02. The business had revenue of $718.00 million for the quarter. Chime Financial had a return on equity of 6.87% and a net margin of 3.05%. The business's revenue was up 32.1% compared to the same quarter last year. During the same quarter last year, the business earned ($0.15) EPS. Equities analysts expect that Chime Financial, Inc. will post 0.46 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on CHYM. Wall Street Zen raised shares of Chime Financial from a "hold" rating to a "buy" rating in a research note on Saturday, July 25th. BMO Capital Markets increased their target price on shares of Chime Financial from $28.00 to $32.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. Barclays increased their target price on shares of Chime Financial from $33.00 to $40.00 and gave the company an "overweight" rating in a research report on Wednesday, September 9th. Monness Crespi & Hardt assumed coverage on shares of Chime Financial in a research note on Monday, October 26th. They issued a "neutral" rating on the stock. Finally, The Goldman Sachs Group boosted their price target on shares of Chime Financial from $38.00 to $43.00 and gave the stock a "buy" rating in a research report on Thursday. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $39.47.

Institutional Investors Weigh In On Chime Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Spyglass Capital Management LLC lifted its stake in shares of Chime Financial by 162.6% in the 2nd quarter. Spyglass Capital Management LLC now owns 3,406,249 shares of the company's stock valued at $69,760,000 after purchasing an additional 2,109,057 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings 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 worth $51,630,000 after purchasing an additional 2,658,816 shares during the period. Lunate Capital Ltd acquired a new stake in shares of Chime Financial during the 3rd quarter worth about $48,212,000. Light Street Capital Management LLC increased its position in shares of Chime Financial by 5.8% during the 2nd quarter. Light Street Capital Management LLC now owns 2,199,089 shares of the company's stock worth $45,037,000 after purchasing an additional 121,474 shares during the last quarter. Finally, Atreides Management LP increased its position in shares of Chime Financial by 7.9% during the 1st quarter. Atreides Management LP now owns 1,622,734 shares of the company's stock worth $30,394,000 after purchasing an additional 118,946 shares during the last quarter.

Chime Financial News Summary

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

• Positive Sentiment: Chime reported Q3 revenue growth of 32% year over year and earnings that beat analysts’ expectations. The quarter marked its third consecutive GAAP profit, with lending cited as a key growth driver. Q3 earnings results
• Positive Sentiment: Management forecast Q4 revenue of $757 million to $767 million, indicating continued growth. Q4 forecast and Stride deal update
• Positive Sentiment: Several firms raised their targets: Goldman Sachs to $43 and kept a Buy rating; JPMorgan to $40 with an Overweight rating; and Scotiabank to $44 with a Sector Outperform rating. Goldman Sachs rating JPMorgan rating Scotiabank rating
• Positive Sentiment: UBS also raised its target, from $31 to $34, though it maintained a Neutral rating. UBS rating
• Neutral Sentiment: Chime expects its Stride transaction to close in the first half of 2027; the deal adds a future milestone, but its completion remains ahead. Stride transaction update

Chime Financial Company Profile

Chime Financial, Inc is a financial technology company that provides digital banking services through its Chime platform. The company offers consumer-focused spending, saving and credit products designed to be accessed primarily through mobile applications rather than traditional branch locations.

Chime's products include spending accounts with debit cards, savings accounts, direct-deposit services, early access to qualifying paychecks, fee-free overdraft protection through SpotMe, and credit-building products.

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