Chime Financial (NASDAQ:CHYM) Major Shareholder Global Advisors Ltd Dst Sells 1,039,303 Shares

Chime Financial, Inc. (NASDAQ:CHYM – Get Free Report) major shareholder Global Advisors Ltd Dst sold 1,039,303 shares of Chime Financial stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $32.11, for a total transaction of $33,372,019.33. Following the transaction, the insider directly owned 462,233 shares in the company, valued at approximately $14,842,301.63. This represents a 69.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

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• 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 value of $64,724.22.
• 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 Trading Up 1.8%

CHYM stock opened at $32.18 on Friday. The stock’s fifty day simple moving average is $21.58 and its two-hundred day simple moving average is $20.94. Chime Financial, Inc. has a 1-year low of $15.88 and a 1-year high of $33.41. The stock has a market cap of $12.26 billion, a P/E ratio of -459.65 and a beta of 0.31.

Chime Financial (NASDAQ:CHYM – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $669.77 million during the quarter. During the same quarter last year, the company earned ($7.29) EPS. The firm’s revenue for the quarter was up 26.8% compared to the same quarter last year. As a group, analysts forecast that Chime Financial, Inc. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CHYM. Wolfe Research restated an “outperform” rating and set a $32.00 price objective on shares of Chime Financial in a report on Thursday, August 6th. Barclays boosted their target price on shares of Chime Financial from $26.00 to $33.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Weiss Ratings raised shares of Chime Financial from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. B. Riley Financial raised their price target on shares of Chime Financial from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Chime Financial from $30.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.06.

Read Our Latest Stock Report on CHYM

Chime Financial News Summary

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

• Positive Sentiment: Chime is reportedly weighing a stablecoin wallet for its consumer banking app. Although no launch decision or timeline has been announced, the potential feature could expand Chime’s digital-asset capabilities, increase customer engagement and open additional transaction-related revenue opportunities. Chime Weighs Adding Stablecoin Wallet to Consumer Banking App
• Neutral Sentiment: Chime announced $3 million in scholarships for 800 students through the 2026–2027 Chime Scholars Foundation cohort. The program has awarded nearly $10 million since 2022 and supports the company’s brand and community-reputation efforts, though the financial impact on CHYM is likely limited. Chime Scholars Foundation Announces 2026–2027 Cohort
• Negative Sentiment: Major shareholder Global Advisors Ltd Dst sold approximately 1.04 million shares for $33.4 million on August 11 and another 2,022 shares for about $64,700 on August 12. The larger transaction reduced its direct ownership by roughly 69%, potentially signaling profit-taking or weakening near-term investor sentiment. SEC ownership filing
• Negative Sentiment: Additional reported sales by Chime insiders and shareholders included 375,000 shares sold by Ryan King, 150,000 by Christopher Britt, 65,000 by Matthew Newcomb and 1.80 million by Global Advisors. The cluster of disposals adds supply and may raise concerns because CHYM has recently rallied sharply.

Institutional Inflows and Outflows

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

About Chime Financial

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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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