Chime Financial, Inc. (NASDAQ:CHYM – Get Free Report) CFO Matthew Newcomb sold 65,000 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $30.17, for a total value of $1,961,050.00. Following the completion of the transaction, the chief financial officer directly owned 2,216,070 shares of the company’s stock, valued at $66,858,831.90. This represents a 2.85% decrease in their position. The sale was disclosed in a filing 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
NASDAQ:CHYM opened at $31.60 on Thursday. The firm has a market capitalization of $12.04 billion, a P/E ratio of -451.36 and a beta of 0.31. Chime Financial, Inc. has a one year low of $15.88 and a one year high of $33.41. The company’s 50-day simple moving average is $21.30 and its 200 day simple moving average is $20.90.
Chime Financial (NASDAQ:CHYM – Get Free Report) last posted 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 return on equity of 1.28% and a negative net margin of 0.74%.The company had revenue of $669.77 million for the quarter. During the same quarter in the previous year, the company earned ($7.29) EPS. The business’s quarterly revenue was up 26.8% on a year-over-year basis. On average, equities research analysts expect that Chime Financial, Inc. will post 0.37 earnings per share for the current fiscal year.
Key Headlines Impacting Chime Financial
- Positive Sentiment: Chime announced that its Chime Scholars Foundation will award $3 million in scholarships to 800 students for the 2026–2027 academic year. The program has now awarded nearly $10 million since 2022, supporting almost 1,500 students. While the initiative is not a direct earnings catalyst, it may strengthen Chime’s brand and corporate reputation. Chime Scholars Foundation Announces 2026–2027 Cohort
- Positive Sentiment: The company’s latest quarterly results remain a key support for CHYM: Chime reported earnings of $0.07 per share versus the $0.01 loss analysts expected, while revenue rose 26.8% year over year to approximately $669.8 million. The earnings beat and continued growth have helped drive a more constructive analyst outlook.
- Neutral Sentiment: Analyst targets have generally moved higher, with recent objectives ranging from $28 to $37. This implies an overall favorable view, but the wide range—and the stock’s trading level near the upper end of those estimates—suggests valuation expectations are divided.
- Negative Sentiment: Several executives sold shares under pre-arranged Rule 10b5-1 plans. CEO Christopher Britt sold 350,000 shares, insider Ryan King sold 375,000, CFO Matthew Newcomb sold 65,000, and CAO Amine Asmerom sold 10,000, generating roughly $24 million in proceeds. The planned nature of the transactions reduces their bearish significance, but the combined sales may still pressure sentiment.
- Negative Sentiment: Major shareholder Global Advisors Ltd. Dst sold approximately 1.8 million shares for $58.6 million, cutting its position by about 79%. This large sale could create a supply overhang and is the most significant near-term negative signal in the filings. Chime Financial Insider Sales
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. Canaccord Genuity Group raised their price target on Chime Financial from $40.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Barclays upped their price target on shares of Chime Financial from $26.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Wolfe Research restated an “outperform” rating and set a $32.00 price objective on shares of Chime Financial in a research note on Thursday, August 6th. Morgan Stanley raised their price objective on shares of Chime Financial from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings raised shares of Chime Financial from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. Three 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.06.
Read Our Latest Report on CHYM
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC bought a new stake in Chime Financial in the 2nd quarter worth about $33,000. Scopus Asset Management L.P. purchased a new position in Chime Financial in the 2nd quarter worth about $34,000. PNC Financial Services Group Inc. bought a new position in Chime Financial during the 4th quarter valued at about $25,000. Daiwa Securities Group Inc. bought a new position in Chime Financial during the 2nd quarter valued at about $40,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Chime Financial by 686.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,462 shares of the company’s stock valued at $37,000 after acquiring an additional 1,276 shares during the last quarter.
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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