Chime Financial (NASDAQ:CHYM) Insider Sells $1,985,124.24 in Stock

Chime Financial, Inc. (NASDAQ:CHYM) insider Ryan King sold 63,382 shares of the business’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $31.32, for a total transaction of $1,985,124.24. Following the completion of the sale, the insider directly owned 37,812 shares in the company, valued at $1,184,271.84. This trade represents a 62.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Chime Financial Price Performance

Shares of CHYM stock traded up $1.15 during trading hours on Friday, hitting $31.33. The company had a trading volume of 8,530,008 shares, compared to its average volume of 5,352,833. The company’s fifty day moving average is $29.98 and its 200 day moving average is $23.87. Chime Financial, Inc. has a fifty-two week low of $15.88 and a fifty-two week high of $35.55. The stock has a market capitalization of $11.86 billion, a PE ratio of 164.90 and a beta of 0.74.

Chime Financial (NASDAQ:CHYM) last posted 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. Chime Financial had a net margin of 3.05% and a return on equity of 6.87%. The firm had revenue of $718.00 million during the quarter. During the same quarter last year, the business posted ($0.15) EPS. The firm’s revenue for the quarter was up 32.1% on a year-over-year basis. Equities analysts forecast that Chime Financial, Inc. will post 0.46 earnings per share for the current year.

More Chime Financial News

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

Hedge Funds Weigh In On Chime Financial

A number of institutional investors and hedge funds have recently made changes to their positions in CHYM. Arrowstreet Capital Limited Partnership increased its stake in shares of Chime Financial by 2,720.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,756,555 shares of the company’s stock worth $51,630,000 after buying an additional 2,658,816 shares during the period. Spyglass Capital Management LLC lifted its stake in Chime Financial by 162.6% in the second quarter. Spyglass Capital Management LLC now owns 3,406,249 shares of the company’s stock worth $69,760,000 after acquiring an additional 2,109,057 shares during the last quarter. Lunate Capital Ltd purchased a new position in Chime Financial in the third quarter worth approximately $48,212,000. Ranger Investment Management L.P. purchased a new position in Chime Financial in the second quarter worth approximately $24,344,000. Finally, Renaissance Technologies LLC acquired a new position in Chime Financial during the 1st quarter worth approximately $15,334,000.

Wall Street Analyst Weigh In

Several research firms have recently commented on CHYM. Deutsche Bank Aktiengesellschaft upgraded Chime Financial from a “hold” rating to a “buy” rating and raised their price target for the stock from $30.00 to $35.00 in a research report on Thursday, October 8th. Wall Street Zen upgraded Chime Financial from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. JPMorgan Chase & Co. increased their target price on Chime Financial from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday. Rothschild & Co Redburn upgraded Chime Financial from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a report on Monday, September 14th. Finally, Keefe, Bruyette & Woods raised their target price on Chime Financial from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Three 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, Chime Financial presently has an average rating of “Moderate Buy” and an average price target of $39.47.

About Chime Financial

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.