Chime Financial (NASDAQ:CHYM) Major Shareholder Sells $41,061,310.51 in Stock

Chime Financial, Inc. (NASDAQ:CHYM – Get Free Report) major shareholder Global Advisors Ltd Dst sold 1,319,027 shares of the stock in a transaction on Friday, November 6th. The stock was sold at an average price of $31.13, for a total value of $41,061,310.51. Following the transaction, the insider owned 324,365 shares of the company’s stock, valued at $10,097,482.45. This represents a 80.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Thursday, November 5th, Global Advisors Ltd Dst sold 10,740 shares of Chime Financial stock. The shares were sold at an average price of $32.10, for a total transaction of $344,754.00.
  • On Monday, September 14th, Global Advisors Ltd Dst sold 3,216,189 shares of Chime Financial stock. The stock was sold at an average price of $33.99, for a total transaction of $109,318,264.11.
  • On Friday, September 11th, Global Advisors Ltd Dst sold 207,513 shares of Chime Financial stock. The stock was sold at an average price of $33.07, for a total transaction of $6,862,454.91.
  • On Wednesday, September 9th, Global Advisors Ltd Dst sold 59,630 shares of Chime Financial stock. The stock was sold at an average price of $35.03, for a total value of $2,088,838.90.
  • On Wednesday, August 26th, Global Advisors Ltd Dst sold 1,168,667 shares of Chime Financial stock. The stock was sold at an average price of $33.04, for a total value of $38,612,757.68.
  • On Tuesday, August 25th, Global Advisors Ltd Dst sold 80,914 shares of Chime Financial stock. The stock was sold at an average price of $33.06, for a total value of $2,675,016.84.
  • On Monday, August 24th, Global Advisors Ltd Dst sold 1,775,044 shares of Chime Financial stock. The shares were sold at an average price of $33.09, for a total value of $58,736,205.96.
  • On Friday, August 21st, Global Advisors Ltd Dst sold 473,694 shares of Chime Financial stock. The shares were sold at an average price of $32.71, for a total value of $15,494,530.74.
  • On Thursday, August 20th, Global Advisors Ltd Dst sold 383,031 shares of Chime Financial stock. The shares were sold at an average price of $33.02, for a total value of $12,647,683.62.
  • On Wednesday, August 19th, Global Advisors Ltd Dst sold 4,456,157 shares of Chime Financial stock. The stock was sold at an average price of $32.66, for a total value of $145,538,087.62.

Chime Financial Price Performance

Shares of CHYM stock traded up $1.20 during trading hours on Monday, hitting $32.53. 7,852,250 shares of the company’s stock were exchanged, compared to its average volume of 3,494,999. Chime Financial, Inc. has a 52 week low of $15.88 and a 52 week high of $35.55. The stock has a market cap of $12.32 billion, a price-to-earnings ratio of 129.87 and a beta of 0.74. The stock’s 50-day moving average is $29.92 and its 200-day moving average is $23.93.

Chime Financial (NASDAQ:CHYM – Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.11 earnings per share (EPS) for the quarter, topping 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 business had revenue of $718.00 million for the quarter. During the same quarter last year, the company earned ($0.15) EPS. The firm’s quarterly revenue was up 32.1% on a year-over-year basis. Equities research analysts forecast that Chime Financial, Inc. will post 0.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CHYM shares. Morgan Stanley increased their price target on shares of Chime Financial from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, September 9th. B. Riley Financial upped their target price on shares of Chime Financial from $37.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, September 14th. Wells Fargo & Company upped their target price on shares of Chime Financial from $39.00 to $42.00 and gave the company an “overweight” rating in a research note on Thursday. Zacks Research raised Chime Financial from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 18th. Finally, Loop Capital assumed coverage on Chime Financial in a research note on Wednesday, September 9th. They set a “buy” rating and a $45.00 price objective on the stock. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $39.47.

Get Our Latest Stock Report on Chime Financial

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. NFSG Corp bought a new position in shares of Chime Financial in the 3rd quarter valued at about $27,000. Reyes Financial Architecture Inc. bought a new position in Chime Financial during the third quarter worth about $39,000. Nisa Investment Advisors LLC grew its holdings in Chime Financial by 529.7% during the third quarter. Nisa Investment Advisors LLC now owns 1,889 shares of the company’s stock worth $50,000 after purchasing an additional 1,589 shares during the period. Farther Finance Advisors LLC increased its position in Chime Financial by 2.4% during the third quarter. Farther Finance Advisors LLC now owns 72,666 shares of the company’s stock worth $1,936,000 after buying an additional 1,672 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Chime Financial by 1,316.3% during the third quarter. GAMMA Investing LLC now owns 2,167 shares of the company’s stock worth $58,000 after buying an additional 2,014 shares during the last quarter.

Chime Financial Company Profile

(Get Free Report)

Chime Financial operates a digital financial services platform for consumers in the United States. Through its mobile app, the company offers spending and savings accounts, debit cards and tools for managing money. Its products also include credit-building services and features designed to help customers access direct deposits and avoid certain common banking fees.

Founded in 2012 by Chris Britt and Ryan King, Chime is a financial technology company, not a bank. Banking services are provided through partner banks, including The Bancorp Bank, N.A., and Stride Bank, N.A.

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