Global Advisors Ltd Dst Sells 383,031 Shares of Chime Financial (NASDAQ:CHYM) Stock

Chime Financial, Inc. (NASDAQ:CHYM) major shareholder Global Advisors Ltd Dst sold 383,031 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $33.02, for a total value of $12,647,683.62. Following the sale, the insider owned 402,081 shares of the company’s stock, valued at approximately $13,276,714.62. This represents a 48.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 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 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 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 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 transaction of $11,396,284.52.
• On Friday, August 14th, Global Advisors Ltd Dst sold 524,661 shares of Chime Financial stock. The shares were 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 stock was 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 Price Performance

Shares of NASDAQ CHYM opened at $33.10 on Wednesday. The stock has a market capitalization of $12.53 billion, a P/E ratio of -472.79 and a beta of 0.31. The company has a 50-day moving average price of $24.01 and a 200-day moving average price of $21.37. Chime Financial, Inc. has a 1 year low of $15.88 and a 1 year high of $33.74.

Chime Financial (NASDAQ:CHYM) last posted its earnings results on Wednesday, August 5th. The company reported $0.07 EPS 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 company had revenue of $669.77 million during the quarter. During the same period in the previous year, the firm earned ($7.29) earnings per share. The company’s revenue was up 26.8% on a year-over-year basis. As a group, equities research analysts anticipate that Chime Financial, Inc. will post 0.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on CHYM shares. Wall Street Zen raised Chime Financial from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Wells Fargo & Company lifted their target price on Chime Financial from $33.00 to $39.00 and gave the company an “overweight” rating in a research report on Tuesday. Piper Sandler upped their price target on Chime Financial from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. The Goldman Sachs Group increased their price target on Chime Financial from $26.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Canaccord Genuity Group raised their price objective on Chime Financial from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Four equities 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 given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $32.33.

Key Stories Impacting Chime Financial

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

• Positive Sentiment: Wolfe Research raised its price target on Chime Financial (CHYM) from $32 to $38 and reiterated an “outperform” rating, implying additional upside from recent trading levels. Benzinga analyst update
• Positive Sentiment: Wells Fargo increased its target from $33 to $39 and maintained an “overweight” rating. The move reinforces the view that Chime’s growth and improving profitability could support a higher valuation. Benzinga analyst update
• Positive Sentiment: The latest quarterly results provide fundamental support: Chime reported $0.07 in earnings per share versus a projected loss of $0.01, while revenue rose 26.8% year over year to approximately $669.8 million.

Institutional Investors Weigh In On Chime Financial

A number of institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new stake in Chime Financial in the 2nd quarter valued at about $693,000. Legal & General Group Plc bought a new position in shares of Chime Financial during the 2nd quarter worth approximately $136,000. Russell Investments Group Ltd. purchased a new position in shares of Chime Financial in the 2nd quarter worth approximately $958,000. EverSource Wealth Advisors LLC purchased a new position in shares of Chime Financial in the 2nd quarter worth approximately $33,000. Finally, Marshall Wace LLP purchased a new position in shares of Chime Financial in the 2nd quarter worth approximately $9,087,000.

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.