Chime Financial, Inc. (NASDAQ:CHYM – Get Free Report) major shareholder Global Advisors Ltd Dst sold 2,022 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $32.01, for a total value of $64,724.22. Following the completion of the sale, the insider owned 462,214 shares of the company’s stock, valued at $14,795,470.14. The trade was a 0.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large 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 Tuesday, August 11th, Global Advisors Ltd Dst sold 1,039,303 shares of Chime Financial stock. The shares were 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 Trading Up 1.8%
Shares of CHYM traded up $0.58 during mid-day trading on Thursday, reaching $32.18. The company’s stock had a trading volume of 13,099,244 shares, compared to its average volume of 5,144,711. Chime Financial, Inc. has a 52 week low of $15.88 and a 52 week high of $33.41. The stock has a market cap of $12.26 billion, a PE ratio of -459.65 and a beta of 0.31. The company’s fifty day moving average price is $21.30 and its two-hundred day moving average price is $20.90.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on CHYM shares. 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 research note on Thursday, August 6th. Canaccord Genuity Group lifted their price target on shares of Chime Financial from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Piper Sandler upped their price objective on shares of 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 upped their price objective on shares of Chime Financial from $26.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Morgan Stanley lifted their target price on shares of Chime Financial from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Three 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 given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $31.06.
Check Out Our Latest Analysis on CHYM
Hedge Funds Weigh In On Chime Financial
Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new stake in Chime Financial during the 2nd quarter valued at about $693,000. Legal & General Group Plc bought a new stake in shares of Chime Financial during the second quarter valued at approximately $136,000. Russell Investments Group Ltd. purchased a new position in Chime Financial in the 2nd quarter worth approximately $958,000. EverSource Wealth Advisors LLC bought a new position in Chime Financial in the 2nd quarter valued at approximately $33,000. Finally, Marshall Wace LLP purchased a new stake in Chime Financial during the 2nd quarter valued at $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.
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