Insider Selling: Chime Financial (NASDAQ:CHYM) Major Shareholder Sells $2,675,016.84 in Stock

Key Points

• Global Advisors Ltd Dst sold 80,914 Chime Financial shares at an average price of $33.06, worth approximately $2.68 million, reducing its ownership by 17.54% to 380,298 shares.
• The sale followed a broader series of disposals totaling millions of shares in August, including a sale of 4.46 million shares for approximately $145.5 million on August 19.
• Chime reported quarterly revenue of $669.77 million and EPS of $0.07, beating estimates, while analysts maintain a generally positive outlook with a “Moderate Buy” consensus and an average price target of $32.33.

Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) major shareholder Global Advisors Ltd Dst sold 80,914 shares of Chime Financial stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $33.06, for a total transaction of $2,675,016.84. Following the transaction, the insider owned 380,298 shares of the company's stock, valued at $12,572,651.88. The trade was a 17.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

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

• 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 stock was 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 value of $145,538,087.62.
• On Tuesday, August 18th, Global Advisors Ltd Dst sold 353,812 shares of Chime Financial stock. The shares were sold at an average price of $32.21, for a total value of $11,396,284.52.
• 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 stock was 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 value 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 value 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 value of $58,591,913.52.

Chime Financial Stock Performance

Shares of CHYM traded up $0.05 during trading hours on Wednesday, hitting $33.15. The company had a trading volume of 5,382,972 shares, compared to its average volume of 5,276,422. The stock has a market capitalization of $12.55 billion, a price-to-earnings ratio of -473.50 and a beta of 0.31. The firm has a fifty day moving average price of $24.01 and a 200-day moving average price of $21.37. Chime Financial, Inc. has a 52-week low of $15.88 and a 52-week high of $33.74.

Chime Financial (NASDAQ:CHYM - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.08. The company had revenue of $669.77 million for the quarter. Chime Financial had a negative net margin of 0.74% and a negative return on equity of 1.28%. The business's revenue for the quarter was up 26.8% compared to the same quarter last year. During the same period last year, the company posted ($7.29) earnings per share. Research analysts anticipate that Chime Financial, Inc. will post 0.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. B. Riley Financial raised their price target on shares of Chime Financial from $35.00 to $37.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. BMO Capital Markets upped their price objective on Chime Financial from $28.00 to $32.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. Zacks Research upgraded Chime Financial from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 18th. Freedom Capital raised Chime Financial to a "strong-buy" rating in a report on Thursday, July 23rd. Finally, The Goldman Sachs Group boosted their price target on Chime Financial from $26.00 to $33.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Four research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $32.33.

Institutional Trading of Chime Financial

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. purchased a new position in shares of Chime Financial during the second quarter valued at approximately $693,000. Legal & General Group Plc purchased a new stake in Chime Financial in the second quarter worth approximately $136,000. Russell Investments Group Ltd. purchased a new stake in Chime Financial in the second quarter worth approximately $958,000. EverSource Wealth Advisors LLC bought a new stake in Chime Financial in the 2nd quarter worth approximately $33,000. Finally, Marshall Wace LLP bought a new stake in Chime Financial in the 2nd quarter worth approximately $9,087,000.

Chime Financial Company Profile

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.

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