Chime Financial, Inc. (NASDAQ:CHYM – Get Free Report) major shareholder Global Advisors Ltd Dst sold 353,812 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $32.21, for a total transaction of $11,396,284.52. Following the sale, the insider directly owned 447,331 shares in the company, valued at $14,408,531.51. This represents a 44.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more 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 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 transaction of $145,538,087.62.
- 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 stock was 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 Stock Up 2.6%
NASDAQ:CHYM opened at $32.78 on Friday. The company has a fifty day simple moving average of $23.39 and a two-hundred day simple moving average of $21.24. The company has a market cap of $12.41 billion, a price-to-earnings ratio of -468.22 and a beta of 0.31. Chime Financial, Inc. has a 52 week low of $15.88 and a 52 week high of $33.74.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on CHYM. Keefe, Bruyette & Woods upped their price target on Chime Financial from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Freedom Capital raised Chime Financial to a “strong-buy” rating in a research report on Thursday, July 23rd. Zacks Research upgraded shares of Chime Financial from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 18th. Barclays upped their target price 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. Finally, The Goldman Sachs Group lifted their price target on shares of Chime Financial from $26.00 to $33.00 and gave the stock 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 given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Chime Financial currently has an average rating of “Moderate Buy” and an average target price of $31.39.
Read Our Latest Stock Report on Chime Financial
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in CHYM. Comprehensive Financial Management LLC increased its holdings in shares of Chime Financial by 2.4% in the 2nd quarter. Comprehensive Financial Management LLC now owns 565,976 shares of the company’s stock valued at $11,591,000 after acquiring an additional 13,225 shares during the last quarter. Spyglass Capital Management LLC lifted its stake in Chime Financial by 162.6% during the second quarter. Spyglass Capital Management LLC now owns 3,406,249 shares of the company’s stock worth $69,760,000 after purchasing an additional 2,109,057 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Chime Financial in the second quarter valued at approximately $1,517,000. Ranger Investment Management L.P. acquired a new position in Chime Financial in the second quarter valued at approximately $24,344,000. Finally, Bank of New York Mellon Corp purchased a new position in Chime Financial in the second quarter valued at approximately $13,453,000.
Chime Financial News Roundup
Here are the key news stories impacting Chime Financial this week:
- Positive Sentiment: Zacks Research upgraded Chime Financial from “hold” to “strong buy.” Zacks also highlighted the stock’s recent momentum and improving earnings expectations, reinforcing the bullish case for CHYM. Zacks upgrade
- Positive Sentiment: A Morgan Stanley analyst reportedly expects Chime Financial shares to rise, adding further support from Wall Street to the recent advance. Morgan Stanley outlook
- Positive Sentiment: Chime’s latest quarterly results exceeded expectations, with earnings of $0.07 per share versus the $0.01-per-share loss analysts expected. Revenue increased 26.8% year over year to approximately $669.8 million, signaling improving operating performance.
- Neutral Sentiment: Chief Executive Officer Chris Britt is scheduled to participate in a Goldman Sachs technology conference on September 9. Any updated guidance or commentary could influence investor sentiment, but the event has no immediate financial impact. Goldman Sachs conference announcement
- Negative Sentiment: Major shareholder Global Advisors Ltd. Dst sold 4.46 million CHYM shares for about $145.5 million on August 19, after selling 353,812 shares worth roughly $11.4 million on August 18. The transactions reduced its position by 91.66% and 44.16%, respectively, and could pressure the stock if continued selling increases available supply. SEC insider transaction filing
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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